EMI, Streamwaves to launch streaming music service

The monthly subscription-based service, to be run through the Streamwaves site, should launch in the first quarter of 2001, EMI and Streamwaves said in a statement.

EMI and Streamwaves did not disclose any financial details of the nonexclusive, multi-year license agreement, nor did the companies set out pricing for the online streaming music service.

Paid subscription services for digital music streaming are being launched by the major recording labels as a way to combat the popularity of free music downloads offered by companies like Napster.

Universal Music Group, a fully owned subsidiary of Seagram Company and Sony Music Entertainment have both announced plans for streaming music subscription music services to launch by the end of the year.

Last June, BMG Entertainment announced its licensing agreement with start-up music site Musicbank to digitally stream music from its library. The service has not yet launched, though the Web site promises a "[Northern] Fall 2000" release. EMI's recording labels include Capitol Records, Virgin Records and the seminal jazz recording label, Blue Note Music.

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Laura Rohde

PC World
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