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NetBeat Merges with German Music Company SoundG

Added: (Tue Dec 19 2000)

Pressbox (Press Release) - 18th December 2000

NetBeat Merges with German Music Company SoundG
Merger Brings New Technology That Offers Free Music Online

NetBeat, Europe’s most established online music distributor, announced today that it will be merging with SoundG (www.soundg.com ), a leading German online music distributor based in Frankfurt. This aggressive move into the German market highlights NetBeat’s continued European rollout following another funding round earlier this year.

NetBeat (www.netbeat.com ) already has offices in London, Brussels and will shortly be opening in Paris. The merger with SoundG gives NetBeat a significant presence in Germany as well as the access to SoundG’s unique technology which provides owners of music copyright with revenue for downloads whilst offering free music to consumers.

Paid4Music, SoundG’s new business concept and technology, offers a solution to music copyright owners who have not been able to generate revenues from music downloaded from the Internet. Consumer brands who sign up with Paid4Music pay royalties to the copyright owners for the opportunity to download their music which can then be given as gifts to consumers as part of marketing campaigns. Once consumers redeem the electronic vouchers for these gifts, SoundG is able to manage the consumer information and then give back specific data on the consumer for future targeted marketing campaigns to increase brand loyalty.

Paid4Music enables any company wishing to promote their products in today’s crowded market to harness the ever-increasing power of music. In addition, using online music to promote brands works more quickly, cost effectively and has a greater reach than traditional marketing methods.

Stephanie Hunt, CEO of NetBeat said: “SoundG is an ideal merger partner for NetBeat to continue its European expansion. SoundG has developed a revolutionary business model and technology that drives revenue back to the owners of music copyright and gives brands the opportunity to promote themselves both offline and online using free music - something that appeals to anyone, across the world.”

Wolfgang Schur, CEO of SoundG commented: “NetBeat has a successful track record for distributing music online in the UK, Belgium and France and we are very excited to be part of its continued European expansion. SoundG’s unique technology gives NetBeat a model for generating revenue from music online and the team’s experience will enable NetBeat to gain a foothold in the German music market”.

For more information, please contact:
Simon Avis or Nicky Matthews
Mantra Public Relations
Email: savis@mantra-pr.com
Tel: 020 7440 1512

About NetBeat

Established in 1996, NetBeat (www.netbeat.com ) is Europe’s most established online music distribution business. NetBeat acts as an online distributor, marketer, and promoter of music for independent labels' artists and major labels' developing artists. NetBeat stands out by creating exclusive music programming to help promote and market the artists with which it works. Programming includes the upcoming Annie Nightingale weekly shows, as well as festival and event mini-sites with webcasts, exclusive video interview content and special offers/competitions. Furthermore, NetBeat acts as a close partner with its independent labels, enabling them to manage their own content through a uniquely developed extranet system.

For the consumer, NetBeat is a showcase for the most cutting-edge music of the day. NetBeat offers consumers exclusive and non-exclusive download content. Download content includes over 9000 tracks from independent labels which NetBeat has signed exclusively to the site, and over 60 000 tracks signed non-exclusively. NetBeat also offers CDs from the broadest selection of independent music available, complemented by CDs from all the major record labels. On top, NetBeat has live concerts online (webcasts), video interviews, and gives the latest music news and reviews. In the coming months, online radio channels will be added, as well as multilingual capabilities that will automatically deliver content in the language of the visitor without any special configuration.

About SoundG
SoundG is a music portal offering high quality, music downloads ranging from ambient, trip-hop and house music to well known German bands. SoundG is a project of IBV Internet Business Ventures AG and has offices in both Frankfurt and Cologne. The SoundG team consists of e-commerce and music industry specialists.

SoundG endeavours to make the offer of music online profitable, and has developed both consumer and B2B concepts that provide copyright owners with royalties, consumers with free music and SoundG with the revenues from downloads.

About Paid4Music
Paid4Music is a special business process developed and registered for patent by IBV AG that will be launched by December 2001. Paid4Music is a unique promotional concept using music that allows brands to offer digital music as giveaways and at the same time to develop greater customer knowledge and loyalty.

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