Glenn Weisberger Appointed CEO and President of Peer2Media, Inc.

Entertainment Industry Veteran to Guide Peer2Media, Inc. in Delivering

Free and Legal Music Downloads



Apr 11, 2001, 01:00 ET from Peer2Media, Inc.

    LOS ANGELES, April 11 /PRNewswire/ -- Peer2Media, Inc., the world's first
 peer-to-peer music network that provides ongoing revenue streams to music
 rights holders, today announced the appointment of Glenn Weisberger as
 Chief Executive Officer and President.  A former executive of The Harvey
 Entertainment Company, Weisberger brings his vast entertainment industry
 knowledge, along with his contacts, legal and financial experience to
 Peer2Media and its flagship service Peer2Music, during a critical period for
 online music companies.
     Weisberger brings over 15 years of entertainment experience to the
 company.  Most recently he was the Executive Vice President, General Counsel
 and acting Chief Financial Officer for The Harvey Entertainment Company.
 Prior to that he acted as a senior legal executive for the Television Group at
 Universal City Studios, Inc.  Weisberger is an expert on syndication and
 licensing of copyrighted materials.  At one point on behalf of Universal, he
 received the highest judgment for copyright infringement ever awarded by a
 United States Court, which was later upheld by the US Supreme Court.
     Mr. Weisberger said "I love music, so naturally I was attracted to
 Peer2Media and its business model.  This company completely answers the
 Napster question.  Its business model is unique because it provides a win-win
 solution for all involved; record companies, rights holders, advertisers and
 consumers.  In light of the recent Napster decision, this model is exactly
 what the market is calling for.  Because Peer2Media has figured out how to tap
 into peer-to-peer networks, like Napster, Gnutella and FreeNet, it has the
 capacity to disseminate legal copies of artists' music to tens of millions of
 people at no cost."
     Peer2Media and its flagship service, Peer2Music, provides a technological
 answer for the RIAA and record industry's recent copyright infringement
 problems.  Its system infects the peer-to-peer networks with legal versions of
 popular songs.  Once the songs enter the network, they begin to multiply, just
 like the pirated version.  Artists are paid a royalty from revenue generated
 by advertising embedded in the music file.  And to ensure the files' security,
 Peer2Media uses titanium-strength encryption of all its content.
 
     ABOUT PEER2MEDIA
     Peer2Media, Inc. and its flagship online network, Peer2Music, is the
 world's first online company to develop and deploy a patented music download
 service, which delivers free music to end-users over the vast peer-to-peer
 networks like Napster, Gnutella and FreeNet.  Supported by "disruptive"
 advertising technology, Peer2Music compensates the record industry with
 ongoing revenue streams for the use of its musical content.
 
     For further information please contact: David Bowers of The Bowers Group,
 323-650-9643, dbbowers@aol.com, for Peer2Media, Inc.; or Michael Reardon of
 Peer2Media, Inc., 818-951-3350, Michael@peer2media.com.
 
 

SOURCE Peer2Media, Inc.
    LOS ANGELES, April 11 /PRNewswire/ -- Peer2Media, Inc., the world's first
 peer-to-peer music network that provides ongoing revenue streams to music
 rights holders, today announced the appointment of Glenn Weisberger as
 Chief Executive Officer and President.  A former executive of The Harvey
 Entertainment Company, Weisberger brings his vast entertainment industry
 knowledge, along with his contacts, legal and financial experience to
 Peer2Media and its flagship service Peer2Music, during a critical period for
 online music companies.
     Weisberger brings over 15 years of entertainment experience to the
 company.  Most recently he was the Executive Vice President, General Counsel
 and acting Chief Financial Officer for The Harvey Entertainment Company.
 Prior to that he acted as a senior legal executive for the Television Group at
 Universal City Studios, Inc.  Weisberger is an expert on syndication and
 licensing of copyrighted materials.  At one point on behalf of Universal, he
 received the highest judgment for copyright infringement ever awarded by a
 United States Court, which was later upheld by the US Supreme Court.
     Mr. Weisberger said "I love music, so naturally I was attracted to
 Peer2Media and its business model.  This company completely answers the
 Napster question.  Its business model is unique because it provides a win-win
 solution for all involved; record companies, rights holders, advertisers and
 consumers.  In light of the recent Napster decision, this model is exactly
 what the market is calling for.  Because Peer2Media has figured out how to tap
 into peer-to-peer networks, like Napster, Gnutella and FreeNet, it has the
 capacity to disseminate legal copies of artists' music to tens of millions of
 people at no cost."
     Peer2Media and its flagship service, Peer2Music, provides a technological
 answer for the RIAA and record industry's recent copyright infringement
 problems.  Its system infects the peer-to-peer networks with legal versions of
 popular songs.  Once the songs enter the network, they begin to multiply, just
 like the pirated version.  Artists are paid a royalty from revenue generated
 by advertising embedded in the music file.  And to ensure the files' security,
 Peer2Media uses titanium-strength encryption of all its content.
 
     ABOUT PEER2MEDIA
     Peer2Media, Inc. and its flagship online network, Peer2Music, is the
 world's first online company to develop and deploy a patented music download
 service, which delivers free music to end-users over the vast peer-to-peer
 networks like Napster, Gnutella and FreeNet.  Supported by "disruptive"
 advertising technology, Peer2Music compensates the record industry with
 ongoing revenue streams for the use of its musical content.
 
     For further information please contact: David Bowers of The Bowers Group,
 323-650-9643, dbbowers@aol.com, for Peer2Media, Inc.; or Michael Reardon of
 Peer2Media, Inc., 818-951-3350, Michael@peer2media.com.
 
 SOURCE  Peer2Media, Inc.