MI2N
Music Industry News Network
SUNDAY, FEBRUARY 18TH
Advanced Search
MusicDish Advertising Network
HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Business News (more headlines) 03-31-2004

Circuit City Stores, Inc., To Purchase Assets Of MusicNow, Inc.

Bookmark and Share

MusicDish Network Sponsor
Circuit City Stores, Inc., and MusicNow, Inc., announced today that the two companies have signed a definitive agreement for the purchase by Circuit City of the assets of MusicNow, a leading digital music platform.

"MusicNow is on the cutting-edge of digital music delivery over the Internet," said W. Alan McCollough, chairman, president and chief executive officer of Circuit City Stores, Inc. "MusicNow has developed a strong platform to deliver digital media directly to consumers and to partner with other companies to allow them to power their music download and subscription services."

"In addition to being one of the leading music and electronics retailers in the world, Circuit City brings to our business an important set of resources," said Scott L. Kauffman, president and CEO of MusicNow. "Having a company with those characteristics to support MusicNow is essential for competing in this dynamic market. With the acquisition, we are now strongly positioned to play a major role in the next chapter of the digital media revolution."

MusicNow will retain its own brand and continue to execute on its strategy of empowering third parties to launch digital music services.

"We're thrilled to be gaining the knowledge and expertise in the digital media space that MusicNow brings, and of equal importance, to welcome its world class team," said Fiona Dias, president of Circuit City Direct. "Circuit City will integrate MusicNow's platform into Circuit City's Web site at circuitcity.com as well as our nearly 600 Superstores across the country."

The transaction is not expected to have a material impact on Circuit City's fiscal 2005 earnings and is expected to close in April 2004.

Bookmark and Share

back | top



MusicDish Advertising Network

Mi2N Music PR

Hybrid Studios Hosts Annual NAMM Afterparty

High Definition Music Card - The New Way To Experience Music!

DEATH BY MISADVENTURE, New True Mystery Podcast Launches 31st January 2018

Music And Kids Joins Forces With Carnie Wilson, With Plans To Provide One-on-One After-School Music Education To Thousands Of Middle And High School Students

Don Dawil's Valentine's Day Debut Latin Single "Necesito Verte"

Taking Applications - The 23rd Annual USA Songwriting Competition

The International Music Consulting Firm GINGIO Hosts Events At NAMM And Grammy Weeks



MusicDish*China Song Blast
Promote Your Music Single In China

News Headlines
Mi2N EDITOR'S PICKS
» Spotify Makes Motion To Restrict Communication Between Wixen Music Publishing, Inc., Its Clients, And Their Attorneys
» Say Hello To Volareo: A Streaming Speaker That Pays Musicians When You Clap
» MarilynMusic Places Five New Songs With Altino Music
» VidaPrimo Debuts Latin Music Channel On XUMO
» "Whiskey And Cigarettes Show" Nominated For 2018 New Music Awards
» Reservoir Promotes Rell Lafargue To President And Chief Operating Officer
» Independent Music Magazine Indie Band Guru Launches Indiegogo Campaign
» The International Music Consulting Firm GINGIO Hosts Events At January NAMM And Awards Week
» Award Winning Singer/Songwriter Craymo Releases December Rain (Carol Of Love) To Radio
» Runway 27, Left: Planned Release Of Third Album 'Triple Story' In Spring 2018


Get your music news covered...
Have your press release written
by the pros at Mi2N

Articles
MUSICDISH E-JOURNAL
» Insomniac Announces Inaugural Electric Daisy Carnival China Set To Debut In Shanghai
» Italian Independent Music Collective Fil1993 Group Signs With MusicDish*China
» MusicDish*China Presents 'Savage Guitarist' Todd Clouser In Beijing
» Mixcloud Taps Gracenote For Advanced Music Recognition
» Copyright Royalty Board Increases Sirius XM Royalty Rate
» Lithuanian Band Grabs Bronze At The Silk Road Indie Music Festival 2017
» Live Entertainment Specialists Headliner Launch Premium Artist Booking Service
» Voice-Controlled Speakers & The Music We Listen Too
» Nordic & British Musicians' Unions' Joint Statement On Sexism In The Music Industry
» Women Make An Impact On The 2018 MPG Awards Shortlist
» The Nashville Musicians Sound Healthcare Plan Rolls Out
» Streaming & Listening Diversity - Spotify Case Study

Mi2N's Music PR distribution service guarantees online exposure for your press release. Choose from seven (7) different packages.


HOME | FREE NEWS SUBMISSION | PREMIUM PR DISTRIBUTION | PR COPYWRITING | RSS FEEDS | TESTIMONIALS | CONTACT

Sections: Band | Business | Career | Events | Label | Music Releases | Radio | Tech | Video | Web Events
Genres: Country/Folk | Dance/Electronica | Jazz/Blues | Latin | Rock | Urban | World
International: Asia | Canada | Europe

Advertise | Artist Development | Submit Video | MusicDish*China | MusicDish e-Journal | MusicDish Network | Urban Music News Network
Copyright © 1997-2018 MusicDish LLC, all rights reserved. Text, graphics, and HTML code are protected by US and International Copyright Laws, and may not be copied, reprinted, published, translated, hosted, or otherwise distributed by any means without explicit permission.