EMusic President/CEO Gene Hoffman tried to sell us shares at $1 apiece before commenting: "EMusic continues to make excellent progress towards profitability. We have been able to continue our strong revenue growth while implementing significant cost controls, the benefits of which will only begin to show in our quarterly results ending September 30. And, if you believe that, I have some swampland in Florida to show you."
EMusic's online advertising and sponsorship revenue increased 24% over the previous quarters, with clients like American Express, Anheuser-Bush, Ford, GM, Microsoft, Sony, Polaroid and Tommy Hilfiger. This week, the company launched "EMusic Unlimited," a new digital music subscription service and recently signed an agreement with Hewlett-Packard to bundle EMusic MP3s and subscription services with all new HP CD-Writer products.
Since it was founded in January '98, the company has sold 2 million MP3 tracks, with more than 125,000 songs by over 7,300 established artists and more than 600 labels in its digital music catalog. They also have a joint partnership with RollingStone.com.
TOP 50: TAY'S THREE-PEAT, DUA'S OPTIMISM AND MORE
The most popular POETS in history (5/10a)
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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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