Samsung Devices Launch with Music Service from MusicNet

Samsung Devices Launch with Music Service from MusicNet

MusicNet to provide subscription service and download store for Samsung's United Kingdom, French and German devices

NEW YORK and LONDON, July 5 /PRNewswire/ -- Samsung Electronics Co., a global leader in digital media, semiconductor, telecommunications and digital convergence technologies, has a launched a digital music service designed to work seamlessly with the company's leading edge digital music players -- the K3, K5 and T9 models. MusicNet, the world's leading provider of business-to- business digital entertainment to top consumer brands, will provide the platform for the Samsung Media Studio (SMS). Previously released Samsung PlaysForSure devices such as the Z5 are also able to utilize the new digital music service for monthly music subscriptions and individual downloads.

The new music service is integrated into the SMS, a proprietary, Samsung- developed media player for Samsung's devices. Prior versions of the SMS will have the new features integrated following an automatic software update. The SMS will offer portable music subscriptions, allowing unlimited downloads to Samsung portable devices for a flat monthly fee, or the purchase of individual tracks or albums. For more information on the Samsung Media Studio and all Samsung devices go to http://www.samsungplay.com/.

Samsung will soon initiate a significant marketing plan in the countries surrounding the introduction of these players and the integrated music service.

Customers in France and Germany will have access to over 2.6 million tracks, while UK subscribers will be able to access more than 3 million songs from the four major labels and over 55,000 independent labels. Monthly subscriptions will cost 14.99 euro in France and Germany and 10.25 pounds Sterling in the UK. Individual track download prices will start at 1.15 euro or 0.79p.

"MusicNet is delighted to be working with Samsung on this project. The combination of Samsung's advanced digital media products with MusicNet's peerless catalog and delivery platform is ideal," said Alan McGlade, President and CEO of MusicNet. "Samsung's products and presence, particularly in the European market, are second to none. We look forward to a continued successful relationship with Samsung as they continue to build superior devices for the portable marketplace."

Mr. Seungsoo Park, VP of Sales & Marketing Digital AV Division of Samsung Electronics said: "The introduction of the Samsung Media Studio is innovation in the digital age at its best. We have linked our internationally popular devices with a music subscription service and store adding a new dimension to how consumers interact with their devices. With the Samsung Media Studio the world is at your fingertips with millions of songs accessible anytime, anywhere."

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 was the 2006 winner of Deloitte & Touche USA's prestigious Deloitte New York Technology Fast 50 Award. 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/.

About Samsung Electronics

Samsung Electronics Co., Ltd. is a global leader in digital media, semiconductor, telecommunication, and digital convergence technologies with 2005 parent company sales of US$56.7 billion and net income of US$7.5 billion. Employing approximately 128,000 people in over 120 offices in 57 countries, the company consists of five main business units: Digital Appliance Business, Digital Media Business, LCD Business, Semiconductor Business and Telecommunication Network Business. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit http://www.samsung.com/

Source: MusicNet

CONTACT: International, Blair Schooff of MusicNet, +44-020-8960-0938,
bschooff@musicnet.com; or U.S., Ann Garrett, +1-818-501-8499,
anngarrett@earthlink.net, for MusicNet

Web site:

http://www.musicnet.com/
http://www.samsung.com/
http://www.samsungplay.com/

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