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Music Firms Invest in Web Download Site
All five major music companies have invested in a single Web start-up that operates a directory of downloadable music from more than 50,000 artists. On Friday, San Francisco-based Listen.com said it had secured investments from BMG Entertainment, EMI Recorded Music, Universal Music Group and Warner Music Group, though terms of the deals were not released. Sony Music invested an undisclosed amount in Listen.com in October...
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