Late last month, Liquid Audio
Japan said it would terminate its agreement with the California-based company to conduct operations on its own to become more responsive to local needs and as a result of high licensing fees.
software has been localized in the Japanese language and will soon feature Chinese and Korean versions.
The Liquid Audio
site has no toll-free phone number and no way to check a transaction's status.
a consulting company which is the major shareholder of Liquid Audio
Japan with a stake of 40%, said it will sell all its shares in the future.
Masafumi Okanda, former president of Liquid Audio
Japan, which is affiliated with Liquid Audio
In return Liquid Audio
will distribute music provided by channelfly.
On January 24, 2003, Liquid Audio
announced the sale of assets related to its digital media distribution technology and infrastructure business to Geneva Media, LLC, an affiliate of Anderson Merchandisers, LP, for $3.
Okanda became president and chief executive of Liquid Audio
Japan in November 1999 and held the post until he resigned from the company on Sept.
Earlier in the day, police arrested former Liquid Audio
Japan President Masafumi Okanda, 32, and the four others on suspicion they abducted on June 9 last year a 33-year-old executive of Liquid Audio
Japan to prevent him from going to the U.
Microsoft Corp and Liquid Audio
Inc have partnered to add support for Microsoft's Windows Media digital media platform to Liquid Audio
's multiformat music distribution system and services.
However, Big Blue will face stiff competition from the MP3 standard which is a lready readily available and whose proponents - Liquid Audio
, Diamond Multimedia, Iomega Corp - have recently working to add anti-piracy elements to the widely used compression software (CI No 3,540).
Chief Executive Officer Raymond Doig stated, "Michael has been a valued employee during an extremely difficult period for the company, and we all wish him every success in his future endeavors.