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Home > Company Index > Media > Internet & Online Content Providers > The MTVi Group, Inc.

The MTVi Group, Inc.
 NEWS FROM THE STANDARD
MusicMatch Settles with RIAA on Web Radio Rights
Jul 15 2001 05:00 PM PDT

Listen.com Makes Its Peace With the Major Music Labels
Jun 11 2001 12:41 PM PDT

 PROFILE
If video killed the radio star, will The MTVi Group kill the video star? The company houses MTV Networks' series of Web sites, which feature more than 20 Internet music destinations, including MTV.com, VH1.com, and Sonicnet.com, as well as 14 international Web sites in Asia, Europe, and Latin America. The sites offer chat rooms, news, streaming radio, and Webcast performances. They also sell CDs, music downloads, and MTV Networks merchandise. MTVi has also partnered with RioPort.com to offer paid music downloads from all five major labels. The company laid off 25% of its employees and canceled an IPO in 2000. Through MTV Networks, media dynamo Viacom owns 90% of MTVi; Liberty Digital owns the remaining 10%.

 COMPETITION
Launch Media, Inc. (LAUN)
Universal Music Group (dossier)
Yahoo! Inc. (YHOO)

 DEALS
Deal: MTVi Allies With Rioport
Date Announced: 04.04.01
Value of transaction (US $Mil): 0
Description: Online entertainment firm and music industry ASP to offer paid music download service, drawing titles from all five major labels.

Search all deals for this company

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1998 Sales (mil.): 8.80
1-Yr. Sales Growth: 52.9%
Employees: 212
Revenue per employee: $41,509.43

 KEY PEOPLE
• Nicholas Butterworth
    CEO
• Jim DePalma
    CFO

 CONTACT INFO
770 Broadway
New York, NY 10003
US
Phone: 212-654-9000
Fax: 212-654-9001
Online: Web Site

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