AfterDawn: News

Independent record label Zomba Recording joined to MusicNet digital music service today. Zomba is one of the highest profile independent labels in the world -- their artists include Britney Spears, N*Sync and Backstreet Boys.

Zomba's music catalog will be available through MusicNet. While announcing a licensing agreement, Zomba also became a minor stakeholder of MusicNet investing an undisclosed amount of cash into company. MusicNet's owners, before Zomba's investment, are RealNetworks (40% stake), AOL TimeWarner (20%), EMI (20%) and BMG (20%).

Written by: Petteri Pyyny @ 24 Jul 2001 12:57