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EMI, Streamwaves to launch streaming music service
(IDG) -- EMI Recorded Music, a division of U.K. EMI Group, has agreed to launch an online streaming music service with Internet-based subscription music provider, Streamwaves, the companies announced Monday.
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 Dallas Streamwaves did not disclose any financial details of the nonexclusive, multiyear 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 announced plans for streaming music subscription music services to launch by year-end.
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 "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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