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Home > Company Index > Specialty Retail > Music, Video, Book & Entertainment Software Retailing & Distribution > EMusic.com Inc.
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EMusic.com Inc. |
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NEWS FROM THE STANDARD |
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Uplister Offering Music to Go
Jul 19 2001 07:14 AM PDT
Digital Music Davids Aren't Worried About Goliaths
Jul 13 2001 02:37 PM PDT
Artful Dodges
Jun 11 2001 12:00 AM PDT
Vivendi Universal to Buy MP3.com
May 21 2001 06:12 AM PDT
Universal Gets GetMusic
Apr 25 2001 06:34 PM PDT
PROFILE |
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EMusic.com is singing the blues. Formerly known as GoodNoise, it enables consumers to sample or buy music that can be downloaded from the Internet in the MP3 format. Business has suffered, though, as customers have turned to other sites that allow them to download music for free. Emusic.com has responded with sharp staff cuts following a year of rapid hiring. Its 2000 acquisition of Tunes.com made it the operator of the RollingStone.com and DownBeatJazz.com sites; it also owns Cductive.com. Chairman Bob Kohn and CEO Gene Hoffman Jr. founded the firm in 1998 after working together at Pretty Good Privacy. Music giant Universal Music Group bought Emusic.com in 2001.
COMPETITION |
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CDnow, Inc. (dossier)
MP3.com, Inc. (MPPP)
Napster, Inc. (dossier)
DEALS |
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Deal: EMusic.com to Be Acquired by Universal Music Group
Date Announced: 04.09.01
Value of transaction (US $Mil): 24.6
Description: Online music portal to be acquired by Univeral Music Group for $24.6 million or 57 cents a share.
> Search all deals for this company
TRACKERS |
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Jan. 12, 2001 - LAYOFF TRACKER
66 laid off
Description: Cutting approximately 36% of its staff in an effort to reduce expenses. Planning to consolidate its two New York offices.
Jun. 15, 2000 - LAYOFF TRACKER
40 laid off
Description: Changing focus from independent labels to major labels.
> More LAYOFF NEWS
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FINANCIAL OVERVIEW |
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Fiscal Year-End: June
2000 Sales (mil.): 6.50
1-Yr. Sales Growth: 6,400.0%
Employees: 184
Revenue per employee: $35,326.09
KEY PEOPLE |
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Gene Hoffman
CEO
Emily Rupp
CFO
CONTACT INFO |
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1991 Broadway, 2nd Fl.
Redwood City, CA 94063
US
Phone: 650-216-0200
Fax: 650-556-9712
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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