Report: EMI to Offer Digital Music Online
LOS ANGELES — EMI Music, whose artists range from the Rolling Stones to Coldplay, is granting a file-sharing network the rights to its entire digital music catalog, according to a published report.
The deal between London-based EMI and Wippit, a British company that distributes authorized copies of songs on its file-sharing network, allows Wippit subscribers to download as many songs as they want for a flat monthly fee, the Los Angeles Times reported Thursday on its Web site.
Consumers keep the songs until their subscriptions end, the newspaper reported. It was not immediately clear what sort of use restrictions EMI has negotiated.
Major record companies have balked at that model, worrying that people would download large amounts of music and then stop paying the monthly fees.
Wippit has about 165,000 registered users, but only 5,000 subscribers who pay either $6.50 monthly or the $49 annual fee, chief executive Paul Myers said.
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