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Sony invests in MusicNet

2 March 2003 14:28 by Jari Ketola

Sony invests in MusicNet The on-line music scene keeps getting more and more complex every day. Just recently RealNetworks, the founding member of the MusicNet, invested in competing Listen.com's Rhapsody -service. Now Sony is rumoured to have provided funding to MusicNet, which competes with their own service, Pressplay.

So Real has a share of MusicNet and Rhapsody, and Sony has an influence in Pressplay and MusicNet, of which AOL Time Warner, Bertelsmann, and EMI Group also own a share of. In November last year Sony licensed content to MusicNet.

The reasons behind these actions are quite clear. Since the on-line downloadable music business is still relatively small, the labels are trying to scrape up profits from wherever they can. The only way to make sure you won't fall behind of your competitors is to be part of every service around.

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  • MusicNet goes Windows Media (12 June 2003)
  • Real buys Listen.com (22 April 2003)
  • Real invests in Listen.com (26 February 2003)
  • Sony and Universal ready to commercially compete with P2P softwares? (6 January 2003)
  • Pressplay now offers music from all five major labels (14 November 2002)
  • Pressplay signs a licensing deal with BMG (15 October 2002)
  • Listen.com signs yet another broadband ISP deal (5 September 2002)
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  • Listen.com signs licensing deals with BMG, EMI and Sony (14 January 2002)
  • AOL launched test version of MusicNet (11 December 2001)
  • Pressplay will let users to burn tracks on CD (11 December 2001)
  • Real launches MusicNet service (4 December 2001)
  • Listen.com licenses music from 19 indie labels (29 October 2001)
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  • New player from Real; MusicNet ready within 2 months (24 September 2001)
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  • Zomba joins MusicNet team (24 July 2001)
  • Pressplay inks deal with Microsoft (12 July 2001)
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  • European Commission to investigate MusicNet & PressPlay (11 June 2001)
  • Napster to license music from MusicNet (5 June 2001)
  • Labels negotiating with Real to license their music (30 March 2001)
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