Petteri Pyyny
13 Nov 2002 13:01
MusicMatch, company which is a developer of a well-known media player software of same name, has plans to launch an online music subscription service in December that would rival Pressplay, Rhapsody and MusicNet.
MusicMatch announced today that it has signed licensing deals with four (out of five) major record labels in order to use their material in its upcoming subscription service, dubbed as Artist On Demand. Company signed deals with BMG, TimeWarner, EMI and Vivendi Universal and is now only missing a deal with Sony.
The service will work -- at least in its initial phase -- only as a streaming service, with no option for downloads. The cost of the service will be $6.95 a month or $59.40 annually.
Source: News.com