Given MusicNet's annoying limitations, we can't recommend it--even for AOLers.
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Digital-music service gets infusion of capital, new owners, as big labels retreat from selling music directly on the Net.
Korean company teams with MusicNet for European service that will work with its forthcoming MP3 players.
New and Noteworthy: New Book focuses on Mac OS X Security; MusicNet jumps on the online music ordering bandwagon; more
The multimedia company paid about $1.25 million to its MusicNet venture for royalties and services last year, but recouped nearly $1.6 million from the streaming-music service.
The online music service backed by RealNetworks appoints several executives to help shape its direction, including a former online music industry analyst.
Cdigix will distribute MusicNet subscriptions to students at six different schools.
MusicNet, an online music service formed by RealNetworks, AOL Time Warner, Bertelsmann and EMI, has added several executive positions. The company said it appointed Ganapathy Krishnan as chief technology officer and as senior vice president of products and technology. Krishnan, who worked for companies such as Network Commerce, Web Solutions and Intelligent Software Solutions, will manage MusicNet's product development and technical operations. In addition, MusicNet tapped Shashi Karan as vice president of finance and David Halprin as director of product management. Karan, who was the senior director and corporate controller of PathoGenesis, will be in charge of finance and administrative functions. Halprin, who previously worked for RealNetworks, will be responsible for managing features and content for the music service. MusicNet also announced that John Rose, an executive vice president at EMI, has been appointed to its board of directors.
The music subscription services are close to rounding out their music offerings with deals that would allow them to provide songs from all five major labels.
The streaming media company launches its much-anticipated subscription service for online music, offering a major test of consumer demand for paid content on the Web.