As the holidays approach, eMusic hits a new level of critical mass: today, the world's largest retailer of independent music -- and the world's second-largest digital music service after iTunes -- announces that it has surpassed 350,000 paid subscribers and that its catalogue totals more than three million tracks. Since establishing the current subscription model in 2003, eMusic has sold more than 165 million music downloads and, in the last 50 days alone, approximately 25,000 digital audiobooks. The 350,000 subscriber benchmark comes only six months since eMusic reached 300,000 subscribers in April. And, with more than three million tracks from more than 20,000 labels, eMusic's offers the largest catalogue of independent music ever assembled.
eMusic customers include conventional web-based subscribers and subscribers to eMusic Mobile, eMusic's over-the-air download service with AT&T, which is now available on 14 mobile phones. eMusic's rich catalogue of independent music continues to grow with new label and distributor signings, as well as new labels added through existing agreements. New titles from every musical genre -- including jazz, classical, r&b, metal, electronic and more -- arrive on a weekly basis.
Labels recently or about to be added include:
Harmonia Mundi France
The Echo Label Limited
Engine Company Red
Giant Slayer Records
Lone Hill Jazz
Made in eTaly
N.E.W.S. Distribution NV
Pinnacle Entertainment, Ltd.
Southern Records Distributors
"We are elated to be hitting our stride just as our busiest time of year -- the holiday season -- kicks into high gear," said David Pakman, President and CEO of eMusic. "While other subscription services have lost customers, these milestones demonstrate eMusic's momentum as we simultaneously grow our catalogue and our customer base and add new methods of distribution and product lines. Sophisticated consumers of music and literature know that eMusic is the place to discover entertainment that will move their feet and feed their minds. We have never been more excited about our business and our customers' response to it."
eMusic (www.emusic.com) is a digital entertainment retailer focused on serving customers aged 25+ by offering independent music and audiobooks in a universally compatible format at a great value. It is the world's largest retailer of independent music and the world's second-largest digital music service after iTunes, with more than three million tracks from 20,000 of the world's leading independent labels and over 1,000 titles from top audiobook publishers. To super-serve its customers, eMusic provides award-winning editorial content, a vibrant online community and unrivaled music discovery tools. eMusic's subscription-based service offers 25 free downloads and one free book at sign-up, giving consumers an inexpensive, low-risk way to explore great new music and books they wouldn't find otherwise. Its universally compatible MP3 files play on any audio device including the iPod®. Based in New York with an office in London, eMusic.com Inc. is wholly owned by Dimensional Associates, Inc., the private equity arm of JDS Capital Management, Inc.