SOURCE: eMusic

January 02, 2008 09:01 ET

eMusic Has Best-Ever Holiday Season Sales

Rings in New Year With More Than 400,000 Subscribers

NEW YORK, NY--(Marketwire - January 2, 2008) - eMusic, the world's largest retailer of independent music -- and the world's second-largest digital music service after iTunes -- ended 2007 with a bang, surpassing its most aggressive holiday forecasts by 100% and doubling the number of new customer trials on Christmas Day from the previous year. The dramatic results pushed eMusic past the 400,000 paid subscriber mark less than two months since the company announced that it reached 350,000 subscribers in November.

eMusic downloads of digital music and audiobooks reached an all-time peak on Christmas Day with nearly half a million downloads (700 mpbs of data) delivered. With more than three million tracks from more than 20,000 labels, eMusic continues to provide the largest catalogue of independent music ever amassed. Since establishing its current subscription model in November 2003, the retailer has sold more than 177 million music downloads and approximately 50,000 digital audiobooks.

"We had the most explosive December 25 and 26 in eMusic history, doubling our projections and blowing away our numbers," said David Pakman, President and CEO of eMusic. "As this holiday season marks our greatest ever, I'd like to personally thank our customers for their ongoing support and wish everyone a very happy holiday. eMusic has entered a new phase of growth and as we continue to build and develop the number one site for discovering music and literature there will be much for our customers to look forward to."

eMusic customers include conventional web-based subscribers as well as subscribers to eMusic Mobile, eMusic's over-the-air download service with AT&T, which is now available on 11 mobile phones. eMusic's diverse collection of independent music is ever-increasing with new label and distributor signings and labels added through existing agreements. New titles from every musical genre -- including jazz, classical, R&B, metal, electronic and more -- appear on a weekly basis. eMusic is adding new audiobooks titles continually and will announce several audiobook publisher deals in the coming months.

About eMusic

eMusic (www.emusic.com) is a digital entertainment retailer focused on serving customers aged 25+ by offering independent music and audiobooks in a universally compatible format at a great value. It is the world's largest retailer of independent music and the world's second-largest digital music service after iTunes, with more than three million tracks from 20,000 of the world's leading independent labels and over 1,500 titles from top audiobook publishers. To super-serve its customers, eMusic provides award-winning editorial content, a vibrant online community and unrivaled music discovery tools. eMusic's subscription-based service offers 25 free downloads or one free book at sign-up, giving consumers an inexpensive, low-risk way to explore great new music and books they wouldn't find otherwise. Its universally compatible MP3 files play on any device including the iPod®. Based in New York with an office in London, eMusic.com Inc. is wholly owned by Dimensional Associates, Inc., the private equity arm of JDS Capital Management, Inc.

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