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Home > Company Index > Media > Internet & Online Content Providers > peoplesound.com Ltd.
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peoplesound.com Ltd. |
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NEWS FROM THE STANDARD |
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European Music Sites to Merge
Jun 11 2001 09:33 AM PDT
PROFILE |
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Sound to the people! peoplesound.com is Europe's largest Web site for free music downloads with over 8,000 registered artist posting MP3s on its French, German, Italian, Dutch, Spanish, and UK Web sites. Musical acts can promote themselves to record labels and share in the profits of CD sales (50% of royalties). peoplesound.com features music of all genres, screened by artist and repertoire professionals. It also provides record companies with consumer research and allows them to test-market bands on its site. peoplesound.com executives Ernesto Schmitt, Martin Turner, Paul Levett, and Bruno Heese founded the company in 1999. Investors include the global Internet fund, Europ@web, and Sonera Corporation. Italian company Vitaminic has agreed to acquire peoplesound.com.
COMPETITION |
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EMusic.com Inc. (dossier)
Launch Media, Inc. (LAUN)
MP3.com, Inc. (MPPP)
DEALS |
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Deal: Vitaminic Acquires Peoplesound
Date Announced: 06.08.01
Value of transaction (US $Mil): 29
Description: Italian digital music company to acquire British MP3 and talent scout site for $29 million.
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KEY PEOPLE |
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Ernesto Schmitt
CEO
Voong Lipfah
CFO
CONTACT INFO |
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20 Orange St., 4th Fl.
London WC2H 7NN, United Kingdom
Phone: 44-207-4000
Fax: 44-207-4001
Online: Web Site
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Copyright © 2001, Hoover's Inc. Austin, Texas.
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