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EMI Finally Puts Up

With Napsterhttp://www.stereophile.com/news/10793/">Napster; as the little red devil with a pitchfork prodding them on, the third-largest record company in the world, EMIhttp://www.emigroup.com">EMI;, making good on its earlier">http://www.stereophile.com/news/10745/">earlier announcement, last week became the first major label to begin releasing music online. In a move the company hopes will silence the critics who say that Napster has become successful because the big labels have provided no Web-based alternatives, EMI put over 100 albums and 40 singles online "through all the normal retail websites."

EMI Provides Catalog to Digital On-Demand

The age of digital music downloads has begun in earnest. On July 20, EMI">http://www.emigroup.com/">EMI Recorded Music announced that it has signed a deal with Digital">http://www.digitalon-demand.com/">Digital On-Demand and its subsidiary, RedDotNet Inc., to make the EMI catalog available for downloading to kiosks in music stores. The kiosks will be equipped with CD "burners" where customers can copy EMI recordings not in stock in the stores. They will also be able to print out the original cover art and liner notes. Discs can be copied at high speed in 5 to 15 minutes using RedDotNet's technology, the announcement noted.

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 EMI">http://www.emigroup.com/">EMI Group Plc, announced a five-year licensing agreement with Reston, Virginia-based Musicmaker.comhttp://www.musicmaker.com/">Musicmaker.com;, 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.

EMI Takes Classical Music Online

EMI and Virgin Classics, one of the oldest and two of the most respected names in classical music, have undertaken a series of audiophile-friendly initiatives designed to strengthen their online presence. At the start of September, the labels together launched the EMI and Virgin Classics Listening Club. Open to music lovers who purchase new EMI or Virgin Classics discs marked with the Opendisc logo, the club's "exclusive" online environment offers participants the opportunity to build relationships with some of the labels' top artists.

EMI Will Try Digital Downloads

Digital downloading is all the rage with the major record labels. EMI">http://www.emimusic.ca/">EMI Recorded Music, a unit of EMI">http://www.emigroup.com/">EMI Group PLC, announced May 10 that it will make some of its massive catalog available as digital downloads beginning this summer. More than 100 albums and 40 singles will be offered on a trial basis, according to a company press release dated May 10. EMI's musical spectrum covers every genre, including pop, rock, jazz, classical, Latin, Christian, country, rap/urban, and dance—a roster of approximately 1500 artists. Labels under the EMI umbrella include Capitol, Angel, Blue Note, EMI, Priority, and Virgin.

EMI's Money Woes

Last year wasn't kind to UK entertainment conglomerate EMI">http://www.emigroup.com">EMI Group PLC. On February 5, the company issued its second profit warning since September, blaming a slow market for recorded music. EMI is now predicting that pretax profits for the year ending March 31 will total $213.4 million (245.1 million euros, or £150 million), far below analysts' predictions. The news caused an immediate 6.4% drop in the price of EMI shares on the London market.

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