Covering All Bases: Grooveshark Goes Classical.Grooveshark Signs Licensing Agreement with Naxos, the World's Leading Classical Music Label GAINESVILLE, Fla. -- Expanding its catalog beyond the hippest and hottest of today's music, the works of Chopin, Mozart and Bach will now be available to the Grooveshark community following a non-exclusive licensing agreement signed today with Naxos, the world's leading classical music label. Grooveshark is a peer-to-peer (P2P See peer-to-peer and point-to-point. ) music sharing See peer-to-peer network. network which legally compensates copyright holders. The company aims to revolutionize the music industry by combining the best of P2P file sharing Copying files from one computer to another. See peer-to-peer network, file sharing protocol and file and printer sharing. and online music purchase sites into one service at www.grooveshark.com. "This agreement is proof that Grooveshark is committed to continuing its mission of opening doors to the legal and convenient distribution of all kinds of music to all kinds of music lovers," said Sam Tarantino, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Grooveshark. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. data from the International Federation of the Phonographic Industry, classical music is currently the fastest growing music genre in the U.S., having increased by 23% among digital music downloads A music download refers to the transferring of a music file from an Internet-facing computer or website to a user's local computer. This term encompasses both legal downloads and downloads of copyright material without permission or payment if required. in just one year. "This remarkable growth can clearly be attributed to digital accessibility," Tarantino added. "Now Naxos' listing of more than 5,000 classical titles will join the other catalogs available - like V2 - through our community." Naxos is the world's largest independent classical music label, offering more than 5,000 titles for both the curious and the connoisseur. The label has received consistent international acclaim, was named Label of the Year in 2005 by the august classical music magazine Gramaphone, and has been praised by such critics as Elizabeth Blair of NPR NPR In currencies, this is the abbreviation for the Nepal Rupee. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. as "a promising force in an otherwise risk-adverse industry." "This is a new avenue for distributing classical music worldwide," said Junko Gardenour, Business Development Manager for Digital Services at Naxos of America, the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. distributor for Naxos. "Grooveshark, through this agreement, exposes a new generation to classical music. It also gives classical music connoisseurs access to the Naxos catalog in unique digital format." Visitors to grooveshark.com can browse songs uploaded by other members and pay to download MP3 files with no digital rights management (DRM (1) (Digital Radio Mondiale) A digital audio broadcasting (DAB) system for AM radio in Europe. See HD Radio. (2) (Digital Rights M ) technology. Songs vary in price, but cost no more than 99 cents. Grooveshark will pay appropriate royalties to copyright holders by taking commissions from users' transactions and also compensate users with free music for community participation such as uploading songs, fixing song tags, flagging unwanted files or reviewing music. Members will be rewarded based on their level of contribution to the community. About Grooveshark Grooveshark, a peer-to-peer (P2P) music file-sharing community that brokers music transactions between members, is a service of Escape Media Group, Inc. By charging for the songs exchanged between members, Grooveshark will compensate copyright holders and users while providing the convenience and selection of P2P file sharing in an online music community. All Grooveshark files are made available by users so they are free of digital rights management (DRM) technology, allowing users to play the songs they purchase on any type of computer or digital music player Hardware or software that plays audio files encoded in MP3, AAC, WMA or other audio formats. There are several software-based music players that play audio files in a desktop or laptop computer, including iTunes, RealPlayer and Windows Media Player. . For more information, visit www.grooveshark.com or www.escapemg.com. |
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