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."