| ISMagazine.com | Internet Today |
June, 1999 |
MUSICOSM.COM LAUNCHES FIRST INTERACTIVE MP3 RECORD LABEL
Former Label Exec Behind Korn & Cypress Hill Revolutionizes Music Business with Interactive A&R And Digital Distribution of Hot New Artists
BEVERLY HILLS, CA -- 05/12/99 Leading music community web site Musicosm.Com today announced the launch of Musicosm Rex, a new MP3 record label. Capitalizing on the digital revolution which is rocking the music industry, Musicosm Rex is the first on-line label to let the worldwide community of on-line music fans participate in the discovery and promotion of new bands -- an activity previously reserved to music industry insiders. Drawing on its founder's experience managing the company that discovered multi-platinum acts Korn and Cypress Hill, Musicosm Rex combines the efforts of a professional A&R talent scout staff with on-line fan participation to filter the thousands of aspiring bands on-line into a showcase for the best unsigned bands. Musicosm.Com users download and vote on each new set of MP3 demos to crown a new winner each month. Musicosm Rex is signing the bands with the most votes and downloads to exclusive recording contracts for promotion and digital download sale of their music on-line.
THE FIRST INTERACTIVE MP3 RECORD LABEL
Combining the Internet's promotional and interactive technology with the best of the traditional recording business, Musicosm Rex's exclusive recording deals bring the winning artists extensive on-line promotion to Musicosm.Com's worldwide audience community. Winning bands also benefit from exposure to Los Angeles-based Musicosm.Com's connections in the record industry and the site's regular visits from label executives, attorneys, and journalists interested in finding new talent.
THE "NEXT GENERATION" OF THE MUSIC BUSINESS
"We're putting the distributed processing power of the Internet to work to revolutionize the music industry's A&R talent selection paradigm. Bands that make it through the rigorous combination of Musicosm Rex's professional A&R selection and interactive worldwide audience voting process are very likely to have both artistic ability and commercial potential," said Scott Fedewa, CEO of Musicosm.Com. "The audience's participation creates an interactive "filter" to ensure that the MP3s offered by Musicosm Rex's bands are worth downloading and helps the band establish a fan base. This audience participation is what is unique about the Internet compared to any previous medium and is revolutionizing the music business. With participation from bands worldwide already under way, Musicosm Rex is enjoying thousands of downloads even before it has been announced."
A NEXT GENERATION ON-LINE YOUTH ENTERTAINMENT NETWORK
Musicosm Rex's MP3 business is an exciting part of Musicosm.Com's venture capital-backed vision for the future of the record business. Musicosm.Com empowers both artists and fans with an on-line environment that channels their enthusiasm into a worldwide audience community organized around music and youth lifestyles. On-line at http://www.MUSICOSM.com, Musicosm.Com's community offers an "insider's view" behind the scenes of Hollywood's music industry through daily updated lifestyle content including music industry news, top web site links, CD reviews and sales, Free Email, cool clothing, and much more. With creative ventures like Musicosm Rex, Musicosm.Com is tapping the explosive growth potential of the Internet to build a major venture capital success story that will dominate the next generation of the youth entertainment market.