MusicNet is a new platform for digital music subscription services based on RealNetworks' Internet media delivery technology that claims to be the first digital music subscription platform to offer both downloadable and streamable music. MusicNet is a joint venture of RealNetworks, AOL Time Warner, Bertelsmann, and EMI. (The ownership of MusicNet is approximately 40% Real, 20% AOLTW, 20% BMG and 20% EMI.) Rob Glaser, Chairman and CEO of RealNetworks, serves as its Chairman and interim CEO.
MusicNet will license its "private-label" platform to companies seeking to sell music subscription services under their own brands. RealNetworks and AOL are the first licensees of the MusicNet platform and expect to offer their own online music subscription services based on the platform this year. The specific details of offerings, such as price and number of downloads or streams per subscription, will be left to each MusicNet distribution partner to determine. See the FAQ for more details.
Date Listed: 05/22/2001