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Universal Music Group Buys EMusic

posted onApril 6, 2001
by hitbsecnews

Universal plans to morph EMusic into its recently announced Duet service, a partnership between themselves and Sony. The EMusic acquisition means the two record labels don't have to tackle the cost and time demands of building a Net music delivery service from scratch. They also start out with an instant customer base of 10,000 users with a history of paying for Net downloads.

MP3NewsWire.

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