NEW YORK, Nov. 4 /PRNewswire/ -- Dimensional Associates, LLC, the Rye, New York-based private equity arm of JDS Capital Management, Inc., today announced that it has finalized the purchase of eMusic (http://www.emusic.com/), the world's most popular MP3 music subscription service, from VU Net USA. A digital music distribution pioneer since its foundation in 1998, eMusic was and continues to be the first digital music service to sell songs and albums for download in the MP3 format, and was the first company to launch a downloadable subscription service in 2000.
eMusic is the digital music service for discerning music fans, having paved the way for groundbreaking independent artists and labels to digitally distribute and market their music online. Boasting more than 275,000 songs in every genre from 900 of the world's best independent music labels, eMusic is the premier subscription service for independent music. Flexibility and portability are paramount at eMusic -- all tracks are in the industry standard MP3 format and subscribers are encouraged to make multiple copies for personal use, burn the music to CDs and transfer their music to portable MP3 players. And, eMusic subscribers own and retain all of the tracks they download from the site.
"All of the other music services are singing the same tune," said Steve Grady, General Manager of eMusic. "We stand firm in our belief that the best way to encourage the growth of legitimate online music services is to respect customers by giving them what they want -- the flexibility that only comes with the MP3 format. We're actively expanding eMusic with added service offerings and supplementing our existing wide-ranging content and services with more labels and unique new content.
Expanding on its commitment to bringing the most innovative independent artists and the highest quality downloads to its subscribers, eMusic is partnering with the most renowned live music venues across the US to launch its new program, eMusic Live. The program, set to launch in the coming weeks, will bring together an existing network of venues, previously known as the Digital Club Network (DCN), to make electrifying live performances available to consumers from far-flung clubs across the country, including: the 9:30 Club in Washington, DC; The Casbah in San Diego, CA; the 40 Watt Club in Athens, GA; The Metro in Chicago, IL, Toad's Place in New Haven, CT and Arlene Grocery in New York, NY, to name just a few.
"We are thrilled to partner with a company that is dedicated to serving the artists and fans of independent music," said Greg Scholl, CEO of DCN. "The eMusic Live venues represent the best live music clubs in the country -- clubs where some of today's biggest stars got their starts. Through eMusic Live, we will offer the live music created every night in these rooms to the world. This combination offers eMusic subscribers unique and unparalleled access to their favorite artists, and a glimpse into the cutting-edge, independent music scene across the best live music markets in America. Working together with eMusic, we are going to change the way people think about live music."
About eMusic
eMusic (http://www.emusic.com/) is a music discovery service that allows fans access to mp3 downloads. Through license agreements with more than 900 premier independent record labels, eMusic offers an expanding collection of over 275,000 mp3s for download.
About eMusic Live
eMusic Live is the world's largest aggregator of live music performances, digitally recording more than 30 live performances each week by new and established artists from its exclusive nationwide network of the best clubs and concert halls. eMusic Live delivers its shows to consumers both live and on-demand, 24 hours a day, 7 days a week.
NOTE: EMUSIC is a registered trademark and EMUSIC.COM is a trademark of eMusic.com Inc.
Contacts: Andy Morris & Company: Kendel Ratley - 212-561-7454 kendel@amc-pr.com Andy Morris - 212-561-7465 andy@amc-pr.com Carol Klenfner - 212-561-7467 carol@amc-pr.com
eMusic: Steve Grady - 858-623-7205 steve@emusic.com
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