| According to an official release, the partnership
will give Sprite consumers in the United States an unparalleled personalised
digital music experience and link Musicmatch with millions of consumers
through The Coca-Cola Companys popular Sprite brand. The details
of the partnership will be announced later this year.
"Our new partnership with Musicmatch is an example of the
kinds of relationships we are always looking for, where both companies
understand each others objectives and can create mutually
beneficial programming that delivers great value to consumers,"
said Coca-Cola North America senior VP (integrated marketing) Katie
Bayne.
Added Coca-Cola North America group director (music) entertainment
marketing group, "The Sprite brand has a long history with
music, and we believe our partnership with Musicmatch is a great
way to bring personalised digital music to US consumers in new and
innovative ways," said Geoff Cottrill.
The new partnership with Coca-Cola reinforces Musicmatchs
position as the most successful digital music company to date. Musicmatch
has achieved a number of company and product milestones over the
past several months that have resulted in a significant increase
in Musicmatch Jukebox revenues, digital music downloads, subscribers
to its Musicmatch MX service, Musicmatch Radio usage and overall
company revenues. The specific milestones include:
* Musicmatch Jukebox: More than 45 million registered software
users in 2003, a 25 percent increase over 2002, with more than one
million copies of Musicmatch Jukebox Plus sold in 2003.
* Musicmatch Downloads: Now selling more than one million downloads
per month.
* Musicmatch MX: More than 170,000 paying subscribers to the companys
subscription radio service, with 100 percent growth over 2002.
* Musicmatch Radio: More than 90 million hours played in 2003, with
growth of more than 50 percent over 2002. The companys Artist
MATCH station is the worlds most popular Internet radio station.
* Corporate: Cash flow positive for each of the past 10 quarters,
with more than 30 percent growth in overall revenues over 2002.
"Musicmatch has just completed the most successful quarter
in the history of the company, with significant growth in all areas
of our business and a tremendous start to 2004," said Musicmatch
president and COO Peter Csathy. "We are thrilled to be a part
of the Coca-Cola companys efforts to bring legitimate music
services to millions of consumers. This relationship demonstrates
that Musicmatch has the right product and service offerings for
our partners, the ability to appeal to the broadest set of consumers,
and the passion to work with major partners to enhance their brands
with digital music promotions," he added.
Coca-Cola had said in December 2003 that it would also be launching
an Internet music download service in Britain this month through
which it will begin selling music downloads from a catalog of 250,000
songs supplied from each of the five big music labels.
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