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Three Majors Cast Their Music Net
As chatter abounds regarding the urgency of digital distribution, major music conglomerates are moving quickly to demonstrate their eagerness to make their content available online. Further evidence comes with this week’s pact between media giants AOL Time Warner, Bertelsmann and EMI and digital behemoth RealNetworks to create MusicNet, a platform for downloadable and streaming services. MusicNet will provide a pool of licensed music from the participating rights holders, with a technology infrastructure by Real. The label groups collectively have a 60% stake in the venture, while Real has 40%. Once the platform is established, any digital music provider satisfying the… Read more »
