Feeds

EMI takes half-share in digital music company

Recording major dips toes in music download market

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

EMI, one of the world's 'big five' recording companies, has taken a 50 per cent stake in Musicmaker.com in exchange for the custom CD company's right to use EMI's vast back catalogue of recordings. The deal follows Sony's move earlier this week to partner with custom CD vendor Digital On Demand (see Sony brings digital music to retail channel). Musicmaker.com's allows users to create customised CDs through its Web site. Completed discs are then mailed to the buyer, or -- and this is where EMI's interest starts to become clearer -- transferred across the Net as a download. For Musicmaker.com the deal brings access to EMI's recordings archive, one of the largest in the world. Musicmaker.com offers a wide selection of tracks, but one that's by no means as extensive as a recording company's -- until now. Musicmaker has the rights to use EMI's catalogue for five years. In the meantime, EMI gets access to a site which it can use as a template for its own full-scale entry into the digital music market, probably later this year, alongside services from fellow big fivers, Universal, BMG and Sony. Now that the security issues surrounding the online market are beginning to be resolved, the music majors are going to become increasingly active in the field, driving both partnerships (like the Sony/DoD tie-in) and acquistions. It's telling that Musicmaker.com was orginally planning a $30 million IPO earlier this year, but postponed the share sale when it entered talks with EMI in April. That IPO is now back on the cards, and scheduled for later this month. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.