Barnesandnoble.com to join a crowd of firms offering 'online music stores'
Article Abstract:
Barnesandnoble.com Inc. is launching an "online music store" where consumers may purchase sound recordings over the Internet. With estimated online sales market-wide of $374 million for 1999 to $2.5 billion by 2003, Barnesandnoble.com will be competing against such established book and music retailers as Amazon.com, CD-Now Inc., Borders Group Inc. and Tower Records. Executives believe that their service will be the best, featuring classical and jazz music, steep discounts, music- related products, independent reviews and music samples. Company officials also purchased 4.5 million shares in the new venture, with the price rising to $17.25. Parent Barnes and Noble shares fell 31.25 cents in trading.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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MTV hires outside music consultant, amid low ratings, top-level defections
Article Abstract:
The Music Television (MTV) cable network has appointed Tom Calderone as its new music consultant. Mr. Calderone will manage all of the network's music-video and other music programs. MTV has been plagued by continuously low ratings. The network is now working to concentrate its image and lure a larger, younger audience. Mr. Calderone will have the title of senior vice president of music. His appointment will go into effect in October 1998.
Comment:
Appoints Tom Calderone as its new music consultant as network suffers low ratings
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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