MusicNet Unveils Technology, Business Platforms
Online subscription service MusicNet is moving closer to commercial rollout, Billboard Bulletin reports. The company -- a joint venture among Warner Music Group, BMG Entertainment, EMI Recorded Music,Online subscription service MusicNet is moving closer to commercial rollout, Billboard Bulletin reports. The company -- a joint venture among Warner Music Group, BMG Entertainment, EMI Recorded Music, and RealNetworks -- will announce today (Sept. 27) that it has completed development of the core technology platform to be used by all licensees of its service.
Additionally, MusicNet confirms that publishers and the major labels have a tentative deal in place that will allow for the launch of subscription offerings. "We can confirm that there is a tentative agreement between the Recording Industry Association of America and [the National Music Publishers' Association] to resolve this publishing issue," says MusicNet special advisor Richard Wolpert.
In preparation for launch, when it expects to have more than 100,000 tracks available, MusicNet is previewing the core technology to a group of 500 industry executives as a 30-day trial featuring 25,000 tracks. The trial begins Oct. 5.
As expected, MusicNet will act as a wholesaler to its licensees, meaning that AOL and Real will set the subscription price for consumers and will be responsible for any additional features and/or services offered to consumers. The company says a possible model will offer consumers 50 tracks in the form of downloads, on-demand streams, or a mixture, for $9.95 per month.
New and catalog material will be available, and consumers will be able to download entire albums or select tracks in any combination that meets the total number of songs offered under a pricing tier. As previously disclosed, at launch, tracks will not be transferable to a device or a CD. MusicNet also will not be available to Apple users at launch.