| Business Summary | | Musicmaker.com,
Inc.,
through
December
31,
2000,
was
a
provider
of
customized
music
CD
compilations
and
music
digital
downloads.
The
Company
sold
its
products
primarily
over
the
Internet,
as
well
as
provided
custom
CDs
through
marketing
partners,
strategic
alliances
and
direct
mail-order
promotions.
Customers
could
also
download
songs
from
the
Company's
online
library
directly
to
their
personal
computers.
On
January
3,
2001,
the
Board
of
Directors
of
the
Company
as
then
constituted
voted
unanimously
to
cease
operations.
The
present
Board
is
reviewing
alternatives
for
the
Company
going
forward. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Musicmaker.com,
Inc.
was
a
provider
of
customized
music
CD
compilations
and
music
digital
downloads.
In
1/01,
the
Company
ceased
operations
and
is
currently
reviewing
alternatives.
For
the
six
months
ended
6/01,
sales
fell
26%
to
$3.2
million.
Net
loss
before
extraordinary
item
fell
77%
to
$5.8
million.
Revenues
reflect
the
decision
to
suspend
the
internet
based
custom
CD
manufacturing
operations.
Lower
loss
reflects
a
decrease
in
sales
and
marketing
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Seymour Holtzman, 65 Chairman | -- | James Mitarotonda, 46 Pres,
CEO, Director | -- | Mark Fowler, 40 CFO,
Sr. VP-Fin. and Admin., Sec. | $220K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|