MusicNet Appoints Ted Casey as Senior Vice President of Business Development and Partner Relations

MusicNet Appoints Ted Casey as Senior Vice President of Business Development and Partner Relations

Mobile and Digital Media Industry Veteran Joins World's Leading Business-to-Business Entertainment Services Provider

NEW YORK, July 10 /PRNewswire/ -- MusicNet, the world's leading business- to-business digital entertainment services provider, today announced that it has appointed Ted Casey to the position of Senior Vice President of Business Development and Partner Relations. A mobile and digital media industry veteran with 16 years of experience and award-winning management and Internet business success, Mr. Casey will be responsible for managing the expansion of MusicNet's global roster of distribution partners, and overseeing partner relations, marketing, strategy, and public relations on a global basis. Based in the Company's New York City headquarters, Mr. Casey will report directly to Alan McGlade, MusicNet's President and CEO, and manage a team that is based in New York, Seattle, and London, England.

"I am very pleased to have Ted join our senior management team. Ted's expertise and proven success in mobile and digital media will play an integral role in MusicNet's continued global expansion and diversification," said Alan McGlade, President and CEO of MusicNet. "This year, MusicNet will roll out its new Performer Next Generation platform across the PC, portable music devices, mobile phones and set-top boxes, which will allow our distribution partners to offer their customers a content-rich and seamless digital entertainment experience."

"MusicNet's clients include some of the best known brands in digital media," added Mr. Casey. "These partnerships are a strong testament to the value of MusicNet's product offerings and its position as the leading business-to-business provider of digital entertainment services. I am excited to join MusicNet to oversee the rapid growth of its business throughout the world and into new content categories including video and books."

Mr. Casey joins MusicNet from Verizon Wireless where he headed the wireless carrier's mobile music business. He managed the rapidly growing music services for Verizon Wireless' 53 million customers, including ringtones, ringback tones, V CAST music videos, the V CAST Performances video concert series, and the over-the-air full song download service V CAST Music that was launched earlier this year. Mr. Casey was responsible for overseeing business development, strategy, product planning, profit growth, partnerships, content acquisition, programming, and operations.

Earlier in his career, Mr. Casey served as General Manager of Lycos Music and Lycos' HotBot search engine for the Lycos Network's 99 million unique monthly visitors worldwide. He oversaw strategic planning, business growth, content partnerships, product management, business development, engineering, and operations. Under Mr. Casey's leadership, HotBot was honored with Best Search Engine awards from PC Magazine, U.S. News, CNET, and The Wall Street Journal, and Lycos Music pioneered online digital music search services, download promotions for new album releases and early trials of legal major label digital distribution. Prior to Lycos, Mr. Casey managed the multimedia product, QuickTime VR, at Apple Computer, leading product strategy and planning, content development and partnerships. Mr. Casey also has served as Vice President of Marketing and Business Development for mBED Software and was Co-founder and Senior Vice President of Corporate Development for GoFish Technologies.

Mr. Casey holds an M.B.A. from the Anderson School of Management at the University of California at Los Angeles and a B.A. from Duke University.

About MusicNet

MusicNet is the world's leading provider of business-to-business digital entertainment services. The Company offers the content and white-label technologies used to create music and video download and subscription services. The preferred partner of many top consumer brands, MusicNet's scalable platform delivers a quick and cost-effective path to market for PCs, portable music devices, mobile phones and beyond. The Company offers a broad range of products for companies that want a turnkey and full-service solution for offering digital music and video. MusicNet is headquartered in New York and has offices in Seattle and London. MusicNet is wholly-owned by Baker Capital, a New York-based private equity firm with $1.5 billion under management. For more information about MusicNet, please visit http://www.musicnet.com/ .

Source: MusicNet

CONTACT: Alan Lewis, Director of Corporate Communications of MusicNet,
+1-212-704-2056, alewis@musicnet.com

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

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