MP3.com, Warner Music in Deal to Promote Artists, Videos on Site
MP3.com Inc. agreed to market and promote Time Warner Inc.’s Warner Music Group videos and recordings on its Web site.
The company has a two-year, nonexclusive North American music video license and a three-year, nonexclusive marketing and promotion agreement with Warner Music, a spokesman said.
Financial terms of the agreements weren’t released.
MP3.com will provide various services to Warner Music, including artist pages and e-mail, to market and promote artists.
The San Diego-based company signed a licensing agreement in June for Warner Music recordings on two of MP3.com’s software services.
The company settled with Warner Music in June over claims made in a copyright-infringement lawsuit filed by five major record labels.
The shares of MP3.com fell 28 cents to $2.84 in Nasdaq Stock Market trading.
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