April 14, 2008 09:07 ET
eMusic Sales Surpass 200 Million Downloads
NEW YORK, NY--(Marketwire - April 14, 2008) - eMusic, the world's largest digital retailer
of independent music and the world's second-largest music service after
iTunes, today announced that it has sold more than 200 million downloads
since establishing its current subscription model in November 2003. The
total comprises music downloads sold
in the U.S. and the E.U., where eMusic has been available in all 27 E.U.
nations since September 2006. The company is now selling more than 7
million tracks a month across all territories. The 200 millionth track
downloaded was "Fiery Crash" from Andrew Bird's "Armchair Apocrypha" (Fat Possum
eMusic also reports that it has sold 40 million downloads since the launch
of Amazon MP3 on September 25, 2007.
"As more choices emerge for consumers in the digital music space, eMusic
continues to grow, attracting new customers and selling more music every
day," said eMusic President and CEO David Pakman. "We've been ahead of the
curve on DRM-free formats and price since day one, and we believe these
numbers show that eMusic continues to sell more digital music than any
other service apart from iTunes.
"Most importantly, we are doing a great job satisfying customers' needs,
helping them discover music they otherwise would not have found, and giving
them a reason to spend money on music," he added.
The company reached the 200 million download mark in less than a year and
half since hitting 100 million downloads in December 2006 -- less than half
the time it took to reach 100 million downloads. These royalty-bearing
downloads reflect how eMusic is helping independent labels gain market
share by selling albums and songs that wouldn't have sold otherwise to
customers interested in music outside of the mainstream.
eMusic offers the serious music fan a place to find the best online music in all genres,
including indie rock, classical and jazz. With deep relationships with the
world's top independent labels, guidance from the best music editorial
experts and a passionate music community, eMusic caters to music fans aged
25+. It provides all tracks in the universally compatible MP3 format at
prices as low as 27 cents (17p/ 23c) a track.
eMusic (www.emusic.com) is a specialty digital entertainment retailer that
has been at the forefront of offering MP3
downloads and customer-friendly prices since its inception in 1998.
The company is focused on serving customers aged 25 and older by offering
independent music and audio books 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 3.5 million tracks from 27,000 of the
world's leading independent labels and thousands of titles from top audio
book publishers. To super-serve its more than 400,000 customers, eMusic
provides award-winning editorial content, a vibrant online community and
unrivaled music discovery tools. eMusic's subscription-based service
music downloads or one free audio book at sign-up, giving consumers an
inexpensive, low-risk way to explore great new music and books they
wouldn't find otherwise. Based in New York with an office in London,
eMusic is available in the U.S. and all 27 E.U. nations. eMusic.com Inc.
is wholly owned by Dimensional Associates, Inc., the private equity arm of
JDS Capital Management, Inc.