MP3 Association Formed
Hot on the heels of a favorable RIAA/Rio decision (see <A HREF="http://www.stereophile.com/news/10299/">related story</A>), five of the pioneers in the rapidly expanding market for downloadable music---<A HREF="http://www.goodnoise.com">GoodNoise Corp.</A>, <A HREF="http://www.mp3.com">MP3.com</A>, <A HREF="http://www.musicmatch.com">MusicMatch</A>, <A HREF="http://www.xingtech.com">Xing Technology Corp.</A>, and <A HREF="http://www.diamondmm.com">Diamond Multimedia</A> Systems, Inc.---announced the formation of the MP3 Association, an industry trade group focused on the "continued evolution and adoption of the MP3 (MPEG 1 or 2, Layer 3) standard." The Association will focus on three primary goals: promoting MP3 technology as the next-generation digital music format, educating consumers about MP3 and its legal use, and opening new creative avenues for musicians and developers.