It is the first time a major music label has taken a step to permit and profit from CD burning.
Terms were not disclosed, but sources familiar with the deal said EMI made a small investment in the company.
EMI's investment in Roxio marks the first time a major label has gotten involved in making it easier for fans to burn music onto CDs. Most other online label initiatives have involved the streaming or limited downloading of music onto computer hard drives.
Some of the deal specifics have yet to be determined, but both parties promise to be rolling by year's end.
BILL'S PASSAGE COULD RESULT IN U.S. TIKTOK BAN
Meanwhile, on Capitol Hill... (4/20a)
BLACKSTONE ASSEMBLING $1.5B BID FOR HIPGNOSIS SONGS FUND
A white-knuckle moment (4/20a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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