BBC Homepage World Service Education
BBC Homepagelow graphics version | feedback | help
BBC News Online
 You are in: Business
Front Page 
World 
UK 
UK Politics 
Business 
Market Data 
Economy 
Companies 
E-Commerce 
Your Money 
Business Basics 
Sci/Tech 
Health 
Education 
Entertainment 
Talking Point 
In Depth 
AudioVideo 

Wednesday, 30 May, 2001, 16:07 GMT 17:07 UK
Bertelsmann buys Myplay
Bertelsmann website
Bertelsmann has expanded aggressively into online music
Bertelsmann, the German media giant, has agreed to buy the US online music company, Myplay.com.

The purchase will augment Bertelsmann's other online music interests, including an alliance with the music-swapping company Napster and involvement in a subscription-based music service called MusicNet.


This is the final mosaic in our digital music delivery chain

Bertelsmann spokesman
Myplay allows music fans to store songs digitally on the internet via a privately labelled music "Locker".

The company invented the digital music Locker in 1999 and now has 6.5 million subscribers.

Bertelsmann, which is thought to have paid about $30m (21m) for Myplay, is acquiring the company for its e-commerce unit, BeCG.

Transferable technology

BeCG plans to use the technology as a database for its other subscription services, such as its book and video collection.

Myplay.com website
Myplay.com allows users to store tunes on the internet
"This technology will enable our customers to store and call up music from the internet, mobile telephone or cable network," added BeCG chief executive Andreas Schmidt.

Over the past few months, Bertelsmann has been aggressively expanding its online music business.

"This is the final mosaic in our digital music delivery chain," said a company spokesman.

"Digital music storage has been the missing link."

Other ventures

Bertelsmann's alliance with Napster aims to allow people to trade music over the internet legally - with the permission of music publishers.

MusicNet is a collaboration with AOL TimeWarner, EMI and RealNetworks, the maker of an internet-based music and video player.

The music streaming and download service MusicNet is set to launch later this year.

Each company will own a minority stake in MusicNet and their record labels - EMI Recorded Music, BMG Entertainment and Warner Music Group - will license their music catalogues via the company.

Bertelsmann also owns CDNow, an online music retailer.

Search BBC News Online

Advanced search options
Launch console
BBC RADIO NEWS
BBC ONE TV NEWS
WORLD NEWS SUMMARY
PROGRAMMES GUIDE
See also:

15 May 01 | Business
Bertelsmann cuts back on web
01 May 01 | Business
Giant music merger collapses
05 Feb 01 | Business
Bertelsmann gains stake in RTL
03 Apr 01 | Business
Music giants form Napster rival
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories