RUMOR MILL
Monday, April 3, 2000
EMUSIC: FEELING LIKE ALMOST A MILLION BUCKS
Net's 99-Cent Store Claims A Milestone
Digital downloading destination EMusic.com has announced that it sold over one million songs in the MP3 format since its launch in January 1998.
There appears to be no truth to the rumor that about 999,000 of the downloads were purchased by the company's largest shareholders, and inside sources say the announcement has nothing to do with driving up the company's stock prices.
"One million downloads at 99 cents apiece, that's, um--well, my calculator's in my other blazer, but it's a lot," noted CEO Gene Hoffman. "It should easily offset the $800 million we've spent on advertising."
EMusic closed at 6.00 today, down .31.
"It's all about the music," added one venture capitalist who asked to remain anonymous.
 STAGECOACH GOES BIG WITH ZACH, JELLY ROLL, LUKERecord-breaking heat wave in the forecast. (9/6a)
LINKIN PARK ROARS BACK WITH NEW ALBUM, SINGER, TOURThis oughta be interesting. (9/6a)
HITS' FIRST LIVE ISSUE TAKES THE STAGE THIS FALLWe're putting our asses in seats. (9/4a)
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THE GRAMMY SHORT LIST
Who's already a lock?
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
ALL THE WAY LIVE
The players, the tours, the enormous beers.
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