Illustrating the explosive growth of the digital music space, the largest collection of free legal music on the Internet, MP3.com, just reached the 750,000-song mark. Less than a year after achieving the figure of a quarter-million songs and audio files, the milestone represents an average growth rate of more than 1,300 songs to the site per day. The song that set the milestone on MP3.com, "Outside Myself'' by pop/rock artist Annagrey, can be heard online at www.mp3.com/annagrey.
"The tripling of content on our site shows the incredible rate of growth in the digital music space during the last year,'' said Michael Robertson, chairman and chief executive officer of MP3.com, Inc. (Nasdaq: MPPP - news). "In illustration of that point, consider that we are adding an average of songs that amount to four and a half times real time--that is, for every minute of real time, our site gains four and half minutes of content. That's a truly phenomenal statistic. Artists are discovering that they can reach a potentially global audience by posting their music online.''