Universal Music Invests in Latin Web Site
Seagram Co.’s Universal Music Group has invested an undisclosed amount of money in Miami-based Eritmo.com, a Latin music Web site that features news, fan club information, chat rooms and Webcasts of Latin music concerts, reviews and videos.
The site, which allows fans to sample snippets of singles and albums, plans to create an extensive online digital library and to expand its e-commerce and international operations in the months ahead.
Sources said the site also may eventually allow unknown Latin artists to post songs that can be streamed or downloaded by music fans.
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