MediaNet Licenses Over One Million DRM-Free Songs

Filed in archive DRM , Retail on August 30, 2007

MediaNet, formerly named MusicNet, will offer more than one million songs without DRM. MediaNet joins iTunes and other retail music sites that have started selling open MP3 music files. MediaNet also licensed DRM-free tracks from a number of independent labels and distributors, including Righteous Babe, Nettwerk, Madacy, Nitro, Digital Music Group, the Digital Rights Agency, and the Independent Recording Industry Services.

MediaNet was initially formed as a joint venture among RealNetworks, AOL Time Warner, Bertelsmann, and EMI, with distribution by RealNetworks and AOL. The company has since been sold to a private equity firm and powers online music stores from Microsoft, MTV, and others.

MEDIANET PROPAGANDA

MediaNet Digital is the world's leading provider of business-to-business digital entertainment services. The company offers the content and white-label technologies used to create music and video download and subscription services for world-class consumer brands.

MediaNet Digital's proprietary platform supports several forms of digital media content including music tracks and videos, as well as long-form television, film and books. Some of the world's most well known brands including Microsoft, Yahoo, Virgin, Samsung, MTV and many others utilize MediaNet Digital as their backbone provider to deliver a leading digital entertainment service to their customers. MediaNet Digital offers a broad range of products, from turnkey to custom. It also works with consumer brands to integrate its solutions into their proprietary offerings.

Headquartered in New York with offices in London and Seattle, MediaNet Digital is wholly-owned by Baker Capital, a New York-based private equity firm with $1.5 billion under management. The company was the 2006 winner of Deloitte & Touche USA's prestigious Deloitte New York Technology Fast 50 Award.

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