April 5, 2001

Universal Music Group buys EMusic

Author: JT Smith

An anonymous reader writes: "Universal plans to morph EMusic into its recently announced Duet service, a partnership between themselves and Sony. The EMusic acquisition means the two record labels don't have to tackle the cost and time demands of building a Net music delivery service from scratch. They also start out with an instant customer base of 10,000 user with a history of paying for Net downloads. More at MP3Newswire."
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