eMusic Tops 250,000 Subscribers
Leading Retailer of MP3s Continues to Gain Momentum; Largest Music Service Focusing On 25-Year-Old+ Music Consumers
NEW YORK and LONDON, Jan. 22, 2007 eMusic, the worlds largest retailer of independent music and worlds second-largest digital music service after iTunes, today announces that it has surpassed 250,000 subscribers, only four months since hitting the 200,000 subscriber mark. The benchmark comes as eMusic continues to hit new milestones in growth and momentum, including its December announcement of the sale of 100 million downloads in three years and its launch across the European Union in September, 2006 -- solidifying its position as the leading retailer of MP3s and as the most successful music site servicing the 25-and-older demographic.
eMusics spectacular growth demonstrates the strength of our business model and the value of our service, said eMusic President and CEO David Pakman. Weve shown that whether in Boston, Birmingham or Berlin, when you help consumers discover groundbreaking music and offer it at a great value in a format that plays on any device, you sell a lot of it. Weve also proven that theres a significant customer segment thats underserved by iTunes and other music services, and eager to explore the riches of music outside mainstream pop and hip-hop.
eMusic is a subscription music service offering the serious music fan a place to find the best music outside the commercial mainstream in all genres, including breaking indie rock, classical and jazz. With deep relationships with the worlds top independent labels, guidance from the best music editorial experts and a passionate music community, eMusic caters to music fans aged 25+. It provides all tracks in the universally compatible MP3 format at prices as low as 27 cents (17p/ 23c) a track.
eMusics relationships with thousands of direct-marketing partners have been instrumental in building its subscriber base. In the U.K., eMusic works closely with GCAP Medias Classic FM and theJazz, The Guardian, Haymarkets Stuff magazine, and leading High Street bank, Lloyds TSB. Elsewhere in Europe, eMusic has struck marketing partnerships with SanDisk, Archos, NetGear and Box Media. In the U.S., key marketing partners include Cingular Wireless, Circuit City, Thomson Multimedia, Westin Hotels and SanDisk.
About eMusic
eMusic (http://www.emusic.com) is the worlds leading digital retailer of independent music, second only to iTunes in number of downloads sold. The eMusic Web site offers a global catalogue of more than two million tracks from established and emerging artists in every genre from the worlds leading independent labels. Created by music experts for music fans, it features award-winning editorial content, a vibrant online community and unrivaled music discovery tools. A subscription-based service that offers 25 free downloads at sign-up, eMusic gives consumers an inexpensive, low-risk way to explore great new music they wouldnt find otherwise, and unlike other download services, its universally compatible MP3 files play on any device including the iPod®. Based in New York with an office in London, eMusic.com Inc. is wholly owned by Dimensional Associates, Inc., the private equity arm of JDS Capital Management, Inc.
NOTE: eMusic is a registered trademark and eMusic.com is a trademark of eMusic.com Inc. All other trademarks are the property of their respective owners.
Media Contacts:
Cathy Halgas Nevins
eMusic
212-201-9201 or cnevins@emusic.com
Denise Yantin
eMusic
212-300-2885 or dyantin@emusic.com
Donna Amato or David Milsom
GolinHarris
+44 (0) 870 9905 425
emusicpr@golinharris.com
Nick Baily or Rob Krauser
Shore Fire Media
+1.718-522-7171
emusicpr@golinharris.com
rkrauser@shorefire.com
