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Home > Company Index > Media > Internet & Online Content Providers > peoplesound.com Ltd.

peoplesound.com Ltd.
 NEWS FROM THE STANDARD
European Music Sites to Merge
Jun 11 2001 09:33 AM PDT

 PROFILE
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
EMusic.com Inc. (dossier)
Launch Media, Inc. (LAUN)
MP3.com, Inc. (MPPP)

 DEALS
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.

 KEY PEOPLE
• Ernesto Schmitt
    CEO
• Voong Lipfah
    CFO

 CONTACT INFO
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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