Emusic and K-NFB Incorporated Media Arc Co.

Absrtact: According to foreign media reports, Emusic is the online music subscription service pioneer, in Monday the company and an E-book dealer quietly merged, this integration in the digital media industry is a little unusual. Emusic spokesman also said the past three years as the company

According to foreign media reports, Emusic is the online music subscription service pioneer, in Monday the company and an E-book dealer quietly merged, the integration in the digital media industry is a little unusual. Emusic spokesman also said Adam Klein, Adam Klein's CEO for the past three years, had resigned.

Emusic did not specifically release the press release, but sent a brief statement to the music Company (attached at the end of the article). Klein also confirmed by email that he quit the company: "I am very pleased with the company's significant positioning and the reorientation of the future." "The emusic, established in 1998, has been charging subscribers a monthly fee to download a certain number of songs.

After the Apple itunes Music Store was released, the 99 Cents/first song Price became the current standard, but emusic users who downloaded the number of songs each month, their songs cost only 25 cents/first. Yet there is a secret: The Big Music Company, which accounts for 90% of America's music sales, is not interested in the discount online retailer. The company adjusted its model in 2010 and 2011 to start offering songs to big music companies and to adjust the pricing plan to be closer to its rivals ' prices.

The company that merged with Emusic is K-NFB Reading, whose sales of digital books and e-book reading software Blio, founded by entrepreneur Rey Courzville (Ray Kurzweil), is now the engineering director of Google (Weibo). The merged entity will be referred to as media arc, and emusic and K-NFB are operating divisions respectively. The amount of the agreement and other details are not disclosed.

The statement reads as follows:

Emusic and K-NFB Incorporated Media Arc Co.

Dear Emusic Partners, we are pleased to announce today that Emusic and K-NFB Reading merged into one company, the new company name is Media ARC Inc. The new company will provide more comprehensive resources, with more than 17 million songs, 40,000 audio books and 600,000 e-books. Emusic and K-NFB will continue to operate as media ARC's business unit.

As a new company, emusic and K-NFB will use their technical and professional portfolios to build a consumer-centric interface that makes it easier and more seamless for consumers to find, buy and interact with various media content and interactions. The company's goal is to better compete in today's marketplace by offering multimedia content solutions to electronics manufacturers, retailers, mvpd/wireless companies and other companies that can sell more content to our partners.

Media Arc's mission is to provide the best possible digital media discovery experience by recommending new songs and books to readers and music collectors using cross content insights. This will provide both authors and artists with the opportunity to expand their fans, get new audiences and sell more content. Emusic is a pioneer in the field of digital music and is rooted in helping fans discover favorite artists and albums.

Emusic was founded in 1998 by the futuristic Rey Courzville Ray Kurzweil and was invested by Microsoft's former chief financial officer Michael Michael Brown and the media sales giant Baker&taylor, Blio. The company also developed one of the most technologically advanced e-readers in the market.