MusicNet announced today the launch of its technology platform, which is being delivered to distribution partners, AOL and RealNetworks, for incorporation into their systems for future consumer offerings. MusicNet is providing the entire technology platform and music content from label partners BMG, EMI, Warner Music Group and Zomba to its distribution partners.
MusicNet’s technology platform, developed over the past year by the MusicNet team with support from RealNetworks, will offer both streaming and downloading of content and includes secure, end-to-end digital rights management functionality enabled by RealSystem Media Commerce Suite. The infrastructure also includes proprietary security features, peer-to-peer file sharing, extensive reporting capabilities for features such as e-commerce, account and copyright management, customer service support, and advanced search functionality, among many other technology features.
Richard Wolpert, Strategic Advisor to MusicNet, said: “Today marks a great milestone for MusicNet. In conjunction with our label and technology partners, we have been hard at work for well over a year and are proud to be delivering the MusicNet platform to our distribution partners on our originally scheduled launch date.”
MusicNet also announced today a limited Preview to give a sneak peek into the MusicNet platform and technology functionality. The Preview is free and will be a private test for approximately 500 users for 30 days and will be available on October 5. The Preview is for press, analysts and testing purposes. For more information, go to www.musicnet.com.
Wolpert added: “We wanted to give those close to the industry the chance to experience the MusicNet platform before the widespread consumer launch with distributor enhancements since the core platform is complete. This is just the first-step in what will be a long-term business opportunity for MusicNet. We are in this business for the long run and see this as a marathon, not a sprint. MusicNet will continue to lead and innovate in this industry as this sector continues to mature over the next several years.”