eMusic Surpasses 100,000 Paying Subscribers

eMusic Surpasses 100,000 Paying Subscribers

- World's No. 2 Download Service Appoints David Pakman CEO -

NEW YORK, Aug. 17 /PRNewswire/ -- eMusic ( http://www.emusic.com/ ), the world's No. 2 digital download service, selling more than two million tracks monthly, today announced that its paying subscriber base now exceeds 100,000.

eMusic also announced the elevation of David Pakman, formerly COO, to President and CEO. Danny Stein, President of JDS Capital, the owner of eMusic, will assume the role of Chairman and will continue to be engaged in the company. David Pakman remains a Managing Director of Dimensional Associates, the private equity arm of JDS Capital that also owns eMusicLive, The Orchard and Dimensional Music Publishing.

Since Dimensional Associates acquired eMusic in late 2003, the service has risen from relative obscurity to become the No. 2 digital music service -- second only to iTunes -- in the number of downloads it sells each month. eMusic is blazing a new trail in music discovery and has the only business model and consumer offering that's substantially different from every other digital music service. Its editorial content rivals that of the best online or offline music publications, and its multiple channels for "discovering music," including PowerCharts, eMusic Dozens and eMusic Neighbors, set an industry standard. Its 700,000 unprotected MP3s are playable on any device in the marketplace, including the iPod(R).

"David is the ideal executive to lead eMusic to 1 million subscribers and beyond," said Danny Stein. "His commitment to the music community eMusic represents is unwavering. David will continue to build on eMusic's momentum to serve our customers and label partners while introducing eMusic's subscribers to high quality music in the eMusic way."

"eMusic has proven that there is a meaningful market segment of customers seeking music beyond the commercial mainstream," said David Pakman. "The other major services have built excellent search engines for music-they work very well if you know exactly what you want. eMusic is built around the promise and potential of discovering quality music of many different flavors. We provide true context, meaningful interpretation and guidance and trusted recommendations from human experts across a broad selection of genres. Our approach is to introduce customers to a wide range of music; ultimately this approach fosters industry growth, not simply the replacement of existing physical sales."

eMusic's 700,000-track strong catalog includes the largest digital selection of Johnny Cash available and coveted tracks from the likes of Ray Charles, Frank Zappa, Coldplay, Roy Orbison, Bjork, Laura Cantrell, The Kinks, Chuck D, Mickey Hart, The Strokes, Santana, The Decemberists, Rod Stewart, Credence Clearwater Revival, and even 50 Cent. Its relationships with the world's leading independent labels including Koch Records, Sun Records, Smithsonian Folkways, Merge Records, Nettwork Records, Rykodisc, Razor & Tie and hundreds of other genre-leading labels, ensure an unsurpassed breadth of content that leads the industry.

About eMusic:

eMusic ( http://www.emusic.com/ ) stands alone as the only digital music service that is 100% focused on serving the needs of independent music fans and independent labels. Delivering more than 2 million downloads each month, eMusic is among the top digital music services, offering a diverse catalog of 700,000 tracks from established and emerging artists in every genre from the world's top independent labels. eMusic was not only the first service to sell songs and albums in the popular MP3 format, it was the first company to launch a digital music subscription service. Unlike other services that severely restrict portability, eMusic allows members complete flexibility to burn CDs, transfer to MP3 devices and make multiple copies for personal use. eMusic also offers access to exclusive recordings from eMusicLive's network of premier music venues across the country. eMusic subscription plans start at $9.99 per month for 40 downloads. A free trial is available to all new users. Based in New York, eMusic is wholly owned by Dimensional Associates, Inc., the private equity arm of JDS Capital Management, Inc.

NOTE: eMusic is a registered trademark and eMusic.com is a trademark of eMusic.com Inc. All other trademarks are the property of their respective owners.

Press Contacts:
Andy Morris / Justin Kazmark
Andy Morris & Company
(212) 561-7465 / (212) 561-7466
andy@amc-pr.com / justin@amc-pr.com

Source: eMusic

CONTACT: Andy Morris, +1-212-561-7465, andy@amc-pr.com, or Justin
Kazmark, +1-212-561-7466, justin@amc-pr.com, both of Andy Morris & Company

Web site: http://www.emusic.com/

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