Petteri Pyyny
14 Nov 2002 14:06
Pressplay became the second online subscription service to have licensing deals with all five major record labels when it signed a licensing contract with Warner Music today.
First such service to get all five labels under its wraps was Listen.com's Rhapsody. Now the other major record label-owned subscription service, MusicNet, is losing the ground in the licensing competition -- it is missing licensing deals with two major labels (Pressplay's owners, Sony and Vivendi Universal..). Also, the second independent subscription service, FullAudio, is still missing one major record label.
Source: Forbes