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MUSICMATCH and RIAA Sign Webcast Licensing Deal

(July 16, 2001)
MUSICMATCH Inc. and the Recording Industry Association of America (RIAA), today announced the signing of a licensing agreement for music performances broadcast on the popular MUSICMATCH Radio service.

MUSICMATCH has been operating its MUSICMATCH Radio service since November 2000 under the statutory webcasting license provided by the 1998 Digital Millennium Copyright Act (DMCA). MUSICMATCH's agreement with the RIAA establishes terms for the Webcasting of music performances on the MUSICMATCH Radio service under the DMCA statutory license.

"MUSICMATCH's agreement with the RIAA allows us to offer a uniquely compelling music experience to our users and provides fair compensation for artists and labels," said Dennis Mudd, co-founder and CEO of MUSICMATCH Inc. "This agreement ensures that MUSICMATCH Radio will continue to evolve as an exciting music discovery experience for consumers and a powerful promotional vehicle for the music industry."

"This license agreement confirms that the needs of on-line music lovers do not have to come at the expense of artists and copyright holders," said Hilary Rosen, president and CEO of the RIAA. "Our license agreement with MUSICMATCH also shows that the business of music distribution on the Internet is moving in a positive direction. We look forward to working with MUSICMATCH as they continue to offer compelling Internet radio for consumers."

MUSICMATCH Radio is currently one of the most popular radio networks on the Internet, streaming more than 4.0 million Aggregate Tuning Hours of music programming to 828,000 unique listeners each month. MUSICMATCH Radio MX, the company's premium music subscription service has also achieved early success with music fans, attracting more than 12,500 subscribers since its introduction two months ago.

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Related Keywords:Musicmatch, RIAA, licensing, streaming audio, streaming video, music, napster, digital rights management, digital webcast

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