EMI Signs Sweetheart Deal with Musicmaker.com
The world's third largest music company has thrown its massive weight behind Internet audio. On June 10, EMI Recorded Music, a division of <A HREF="http://www.emigroup.com/">EMI Group Plc</A>, announced a five-year licensing agreement with Reston, Virginia-based <A HREF="http://www.musicmaker.com/">Musicmaker.com</A>, a major custom CD compilation service and digital download site. EMI has not simply made its enormous catalog available to the service---it has also bought into Musicmaker.com with a 50% equity stake.