SEATTLE, Feb. 14, 2005 (PRIMEZONE) -- NetMusic Entertainment Corporation (Pink Sheets:NTMT), which controls the largest catalogue of independent music on the Internet, launches the "Listen, Click and Buy" platform in partnership with MGI, a lead provider of digital content over electronic networks.
The music industry has reached a point where even major stars struggle to maintain a fan base, and independent artists are left with few options for self-promotion. A new platform that allows radio listeners to download music from live broadcasts, via radio network web sites, offers indie acts a leg up in the process.
While radio listeners can buy mainstream songs directly off a station's playlist, the "Listen, Click and Buy" platform is powered by NetMusic.com and also promotes the over one million independent tracks, and 4000 plus independent labels, within its library.
"Listen, Click and Buy really gives indies a shot at getting discovered," said Glen Starchman, CEO of NetMusic. "Independent artists receive unparalleled global promotion and exposure through the platform."
"This is a win-win for the independent artists and fans," added Jakob Schwerdt, CEO of MGI. "The promotion of independent artists through this format will enable listeners of a particular genre-based station the ease and sensibility to cut through the clutter and discover new music."
The full service interactive technology platform also enables the promotion of recording, streaming and promotion of live events, ticket sales, and person-to-person distribution -- allowing artists to leverage the technology and interact directly with their fans. Through a sophisticated real time tracking and reporting, MGI monitors the sales of any given artist and even predict his or her success in certain markets.
MGI provides a complete turnkey solution for white label music stores, which is easily integrated into any branded environment. The company provides content, management, delivery, payment platform, real time reporting and the promotional and targeted advertising tools. Other than common music download services, the solution is completely transparent and fully integrated and co-branded to each specific radio station, magazine, cable provider or any other kind of vendor.
Edmonds, Washington-based NetMusic Entertainment Corporation (Pink Sheets:NTMT) (www.netmusic.com/) is a global digital media company focused on providing consumers entertainment on their own terms: anytime, anywhere. The company offers digital music downloads, digital jukeboxes, video-on-demand and online video rental services across the globe. NetMusic also offers the largest online collection of independent music in the world -- a licensed catalog of over one million tracks, incorporating 4000 plus labels.
About NetMusic:
Edmonds, Washington-based NetMusic Entertainment (http://www.netmusic.com/) is a global digital media company focused on providing consumers entertainment on their own terms: anytime, anywhere. The company offers digital music downloads, digital jukeboxes, video-on-demand and online video rental services across the globe. NetMusic also offers the largest online collection of independent music in the world -- a licensed catalog of over one million tracks, incorporating 4000 plus labels.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although NetMusic Entertainment Corporation believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by NetMusic Entertainment Corporation or any other person that the objective and plans of NetMusic Entertainment Corporation will be achieved.