As part of the settlement with BeMusic, Liquid Audio
agreed to set aside a cash reserve of $7,000,000 to share in the defense of the patent action brought by SightSound that is presently pending in the United States District Court for the Western District of Pennsylvania.
also said it will establish a new office in Tokyo to directly service and manage existing relations and build new ones with label, retail and consumer electronic companies.
The Chinese move is the latest expansion by Liquid Audio
Although mainstream music has embraced the Liquid Audio
format because it prevents illegal copies, the site still has a limited inventory, with only 50,000 titles.
His responsibilities will be assumed by Stephen Imbler, president of Liquid Audio
CONTACT: investors, Michael Bolcerek of Liquid Audio
Japan is listed on the Mothers sector of the Tokyo Stock Exchange (TSE), the sector for start-up venture businesses.
eSplice's affiliate store network provides Liquid Audio
with distribution to new targeted consumer audiences through its affiliate store network," said Dick Wingate, senior vice president of content development and label relations.
NOTE: Liquid, Liquid Audio
, Liquid Music Network and the Liquid Audio
logo are trademarks of Liquid Audio
, the Liquid Audio
logo, and Liquid Music are trademarks of Liquid Audio
The EMI CMG service is expected to be a stepping-stone to other select genre, full ownership subscription services powered by Liquid Audio
for EMI Recorded Music.
's Remote Inventory Fulfillment System (RIFFS) integrates a virtual warehouse of tens of thousands of downloadable tracks into Angelaudio's existing retail Web site," said Susan Van Hosen, worldwide sales director for Online Music at Liquid Audio