Musicmaker.com Custom CD Shipments Exceed 900,000 in First Quarter 2000
NEW YORK, March 30 /PRNewswire/ -- Musicmaker.com (Nasdaq: HITS - news) today announced that for the first quarter 2000 they produced and shipped more than 900,000 custom CDs -- soaring more than 3000% from fourth quarter 1999. This increase in volume is a jump of over 2000% compared with the full year 1999.
``The numbers obviously speak for themselves,'' said Larry Lieberman, musicmaker.com's President of Global Marketing. ``Exclusive custom CD promotions with Jimmy Page and The Black Crowes, Beastie Boys, as well as business-to-business events have fueled our growth.''
About musicmaker.com
Musicmaker.com, with offices in New York City and Reston, Virginia, is a leading custom compilation and secure digital download music retailer on the Internet. Musicmaker.com offers music lovers the opportunity to build their own CDs by selecting and organizing songs from a library of tracks from over 165 labels in a variety of music genres. Tracks can be sampled before selection. CDs include up to 20 tracks or 70 minutes of music and can be personalized with unique labels as well as imprints on the jewel boxes. The musicmaker.com site also offers over 100,000 songs for download in MP3 and Microsoft Windows Media formats.
In addition to EMI Recorded Music and Zomba Music Group, musicmaker.com currently has exclusive marketing agreements with Columbia House (jointly owned by Sony Music and Warner Music Group), Audio Book Club, Platinum Entertainment, and Woodstock.com, as well as marketing agreements with AOL (and their Netscape Netcenter, Spinner, Winamp and ICQ brands), Musicland, Transworld Entertainment, Wherehouse Music, and others.
Market Capitalization $144.3M
Shares Outstanding 33.0M
Float 8.40M
