AfterDawn: Tech news signs a deal with AOL TimeWarner

Written by Petteri Pyyny (Google+) @ 25 Feb 2002 9:28 signed its fourth major record label licensing agreement today with AOL TimeWarner to use label's music in its online subscription service Rhapsody which competes directly with major record label-backed subscription services Pressplay and MusicNet. Now Rhapsody has an edge over its competitors, because it is the only service that offers music from four labels while other services only have music from three labels (out of five major record labels EMI is the only one whose music is available in all three services).
All three services were launched in December and none of them has disclosed their number of subscribers yet. Analysts say that it will take at least a year before subscription services account a considerable amount of revenue for companies involved.

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