NEW YORK and LONDON, July 5 /PRNewswire/ --

- MusicNet to provide subscription service and download store for 
Samsung's United Kingdom, French and German devices

Samsung Electronics Co., a global leader in digital media, semiconductor,
telecommunications and digital convergence technologies, has a launched a
digital music service designed to work seamlessly with the company's leading
edge digital music players -- the K3, K5 and T9 models. MusicNet, the world's
leading provider of business-to-business digital entertainment to top
consumer brands, will provide the platform for the Samsung Media Studio
(SMS). Previously released Samsung PlaysForSure devices such as the Z5 are
also able to utilize the new digital music service for monthly music
subscriptions and individual downloads.

The new music service is integrated into the SMS, a proprietary,
Samsung-developed media player for Samsung's devices. Prior versions of the
SMS will have the new features integrated following an automatic software
update. The SMS will offer portable music subscriptions, allowing unlimited
downloads to Samsung portable devices for a flat monthly fee, or the purchase
of individual tracks or albums. For more information on the Samsung Media
Studio and all Samsung devices go to http://www.SamsungPlay.com.

Samsung will soon initiate a significant marketing plan in the countries
surrounding the introduction of these players and the integrated music
service.

Customers in France and Germany will have access to over 2.6 million
tracks, while UK subscribers will be able to access more than 3 million songs
from the four major labels and over 55,000 independent labels. Monthly
subscriptions will cost 14.99 euro in France and Germany and 10.25 pounds
Sterling in the UK. Individual track download prices will start at 1.15 euro
or 0.79p.

"MusicNet is delighted to be working with Samsung on this project. The
combination of Samsung's advanced digital media products with MusicNet's
peerless catalog and delivery platform is ideal," said Alan McGlade,
President and CEO of MusicNet. "Samsung's products and presence, particularly
in the European market, are second to none. We look forward to a continued
successful relationship with Samsung as they continue to build superior
devices for the portable marketplace."

Mr. Seungsoo Park, VP of Sales & Marketing Digital AV Division of Samsung
Electronics said: "The introduction of the Samsung Media Studio is innovation
in the digital age at its best. We have linked our internationally popular
devices with a music subscription service and store adding a new dimension to
how consumers interact with their devices. With the Samsung Media Studio the
world is at your fingertips with millions of songs accessible anytime,
anywhere."

About MusicNet

MusicNet is the world's leading provider of business-to-business digital
entertainment services. The Company offers the content and white-label
technologies used to create music and video download and subscription
services. The preferred partner of many top consumer brands, MusicNet's
scalable platform delivers a quick and cost-effective path to market for PCs,
portable music devices, mobile phones and beyond. The Company offers a broad
range of products for companies that want a turnkey and full-service solution
for offering digital music and video. MusicNet was the 2006 winner of
Deloitte & Touche USA's prestigious Deloitte New York Technology Fast 50
Award. MusicNet is headquartered in New York and has offices in Seattle and
London. MusicNet is wholly-owned by Baker Capital, a New York-based private
equity firm with US$1.5 billion under management. For more information about
MusicNet, please visit http://www.musicnet.com.

About Samsung Electronics

Samsung Electronics Co., Ltd. is a global leader in digital media,
semiconductor, telecommunication, and digital convergence technologies with
2005 parent company sales of US$56.7 billion and net income of US$7.5
billion. Employing approximately 128,000 people in over 120 offices in 57
countries, the company consists of five main business units: Digital
Appliance Business, Digital Media Business, LCD Business, Semiconductor
Business and Telecommunication Network Business. Recognized as one of the
fastest growing global brands, Samsung Electronics is a leading producer of
digital TVs, memory chips, mobile phones and TFT-LCDs. For more information,
please visit http://www.samsung.com

Web site: http://www.musicnet.com
              http://www.samsung.com
              http://www.SamsungPlay.com