RUMOR MILL
"This agreement is an example of BMG’s enthusiasm for supporting those Internet companies that are committed to working with us to both provide consumers with convenient access to their favorite music and protect our artists’ rights."
Thursday, June 8, 2000
BMG MAKES A DEPOSIT
AT MUSICBANK
Really Likes The Free Checking Option
And Complementary Toaster
And Complementary Toaster
BMG Entertainment has signed an agreement with San Francisco-based MusicBank which will license secure, on-demand streaming access to BMG's entire catalog. MusicBank users will be able to store, manage and listen to the BMG CDs in their collections without having to upload the songs. The Web-based interface launches this fall.
Much like controversial MyMP3.com, MusicBank claims a unique system ofascertaining ownership, in their words, through either "retailer verification of purchase or through physical possession."
BMG Entertainment Chief Marketing Officer& President New Technology kevin conroy',390,400);">kevin conroy',390,400);">Kevin Conroy, said: "This agreement is an example of BMG's enthusiasm for supporting those Internet companies that are committed to working with us to both provide consumers with convenient access to their favorite music and protect our artists' rights. Plus, with all that money from the MP3.com settlement coming in, we thought we should spread some around a bit."
