EMI Provides Catalog to Digital On-Demand
"We are happy that EMI shares our vision for bringing the future of digital entertainment into retail stores. Our company is looking forward to broadening the distribution of EMI's rich catalog in this innovative way," said Tom Szabo, chairman of Digital On-Demand.
EMI is taking an equity position in Digital On-Demand, as well as receiving a licensing fee for the arrangement. "We are very pleased to have reached this agreement with Digital On-Demand," said Eric Nicoli, Chairman of EMI. He called the move "another important step in EMI's plans to make use of new technologies to provide a better service for our customers and to maximize our revenues."
Major record labels are all moving into digital downloading. EMI followed by only a few weeks similar moves by Sony Music Entertainment and Virgin Records.