August 14, 2007 08:30 ET
Lime Wire to Enter Music Download Market With New Digital Store and Inks Deals With Music Companies
NEW YORK, NY--(Marketwire - August 14, 2007) - Lime Wire LLC, maker of the popular LimeWire
file-sharing software, announced today that it will open a digital music
Initially the store will be a stand-alone website, also accessible from
links in the file-sharing software. Subsequent releases will enable users
to browse and purchase music directly from within the LimeWire program.
The first partners in the new digital channel are IRIS Distribution and
Nettwerk Productions. These companies have signed deals with Lime Wire to
provide music from their extensive catalogs.
"We are delighted to collaborate with these forward-thinking music
companies and sell their authorized content through LimeWire," said Jesse
Rubenfeld, Lime Wire Chief Financial Officer.
Songs in the LimeWire Store will be sold in the universally compatible MP3
format. Customers will be able to buy songs and albums "a la carte" or as
part of monthly subscription plans.
Parties interested in delivering their content through the store can
inquire by e-mailing email@example.com.
About Lime Wire LLC
Lime Wire LLC (www.limewire.com) develops powerful, sophisticated software
offering an unparalleled user experience. Its signature products, LimeWire
BASIC and LimeWire PRO, run on the decentralized Gnutella Network and are
among the world's most popular peer-to-peer file-sharing applications.
Founded in 2000 by Chairman Mark Gorton, Lime Wire is a leader of
innovative peer-to-peer software development and solutions in the
file-sharing industry. The company currently employs the largest number of
expert Java developers at the forefront of the file-sharing revolution. The
Lime Wire team enjoys a dynamic work environment at company headquarters in
New York City.
About IRIS Distribution
IRIS is the leading digital distribution company dedicated to the
successful marketing and promotion of prominent independent music and video
catalogs. Founded in 2003, IRIS provides a comprehensive suite of
technical, marketing and legal services to independent record labels and
physical distributors, helping them to navigate the emerging digital
marketplace. IRIS currently distributes a select group of top independent
record labels including Big Dada, Burning Spear, Chemikal Underground, Duck
Down Records, Gemini Sun, Ghostly International, K Records, Kemado, Kranky,
Le Tigre, Megaforce, NinjaTune, Palmetto Records, Preservation Hall,
Projekt, SCION and Subliminal to over 350 digital outlets, including
Apple's iTunes Music Store, Beatport, eMusic, Kompakt MP3, Napster 2.0, and
Real/ Rhapsody; mobile channels such as AT&T, Boost, Cingular, CosmoGirl,
GroupieTunes, MobileStreams, Sprint, T-Mobile, and Zingy; as well as video
outlets including Apple's iTunes Music Store, Gotuit Media, and Ruckus
Networks. IRIS is based in San Francisco, California. For more information,
About Nettwerk Productions
Nettwerk Productions was founded in 1984 by Terry McBride, Mark Jowett, and
Ric Arboit. Soon after its start-up, the production company established its
multi-faceted corporate structure including recording, managing and
publishing. Today the Nettwerk Music Group has since evolved into a
label/publishing/management company with offices in Vancouver, Los Angeles,
New York, and London, with affiliated Internet, graphics, and video