New York
– Digital music service eMusic on Tuesday announced it has signed a licensing
deal with Warner Music Group (NYSE: WMG), which joins Sony Music as the second major record
label to make its tracks available on the subscription-based download service. Similar
to eMusic’s deal with Sony (NYSE: SNE), Warner is limiting its involvement so far to some
10,000 catalog albums, and will not be providing popular new releases to the
service.
The new tracks from Warner will also only be available in the U.S.
Meanwhile,
eMusic CEO Danny Stein told Reuters that the company is in new licensing talks
with labels with an eye toward launching a new streaming music service.
Recent
reports also indicated that eMusic parent company Dimensional Associates was considering
a sale of the company.
"There is no impending sale," Stein told
Reuters. "We’re very bullish on 2010 and 2011 and if someone came along
and paid us upfront for a successful 2010 and 2011 I think you’d have to do that
as a responsible shareholder."
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(Reuters)
