Listen.com Acquires TuneTo.com

Deal Expands Listen's Streaming Media Capabilities



Apr 05, 2001, 01:00 ET from Listen.com, Inc.

    SAN FRANCISCO, April 5 /PRNewswire/ -- In a move designed to expand its
 streaming media delivery capabilities, Listen.com announced today that it has
 acquired TuneTo.com, a provider of technologically advanced streaming services
 and products.  Terms of the deal between the two private companies were not
 disclosed.
     "In the near term, Listen believes that Internet radio will be the
 dominant platform around which new technology music services and devices will
 be built," said Listen CEO and founder Rob Reid.  "TuneTo arms Listen with the
 next generation of streaming technology and an innovative team of media
 delivery experts.  They will greatly enhance the products that we offer to
 partners."
     "We will also be exploring opportunities to deploy this advanced
 technology into new applications like music-on-demand subscription services
 and the next wave of wireless and net-attached devices," added Reid.
 
     Listen.com - Not just a Web site anymore
     Listen launched as an online music directory in 1999 and soon after became
 a leading syndicator of music directories on the Web.  Last fall, the company
 began focusing on business-to-business syndication of both proprietary and
 licensed music discovery content, music navigation tools and streaming media.
     Listen's first media offering was Listen Radio, a radio service developed
 after the company acquired WiredPlanet last fall.  Listen Radio offers more
 than 150 stations in different genres and for multiple partners.
     In the past three weeks, the company has built upon the success of its
 radio product and rolled out several major new radio ventures.  Working with
 the Listen Radio team, Listen Japan launched the largest streaming music
 service in Japan.  In Thailand, Listen signed a radio development deal with
 the country's largest radio and entertainment company, Grammy Entertainment.
 And, in a deal emblematic of future bricks-and-mortar partnerships, Listen
 began working with Crunch Fitness to deliver customized streaming radio
 directly into the chain's gyms.
     Listen will integrate TuneTo's technologies into its radio products both
 domestically and internationally.  Listen Japan, which recently acquired the
 mobile phone Internet entertainment content provider Noel, will also leverage
 TuneTo's technology to expand its wireless offerings.
     "Listen will continue to seek out new opportunities to improve our music
 delivery and discovery offerings as the market consolidates," added Reid.
 
     High-quality streams at reduced costs for multiple devices
     TuneTo.com's patent-pending technology provides near-CD, broadband quality
 streaming media using a hybrid system of streaming and caching that can
 support MP3, Real Audio, Microsoft Media and other media formats.  It can
 handle millions of simultaneous users while reducing streaming costs.
     This technology works across all bands and all devices, from narrowband
 and broadband desktop PCs to mobile and net-attached devices.  TuneTo's system
 is especially well suited for wireless devices with an Internet connection.
 Service providers can reduce their streaming costs by delivering high bit rate
 data over low bit rate connections to these wireless handheld devices.  More
 recently, TuneTo modified its technology for use with
 subscription-based, on-demand music services.
     "TuneTo has created a unique streaming solution that has the potential to
 change how, where and at what cost Internet music is delivered," said
 TuneTo.com's CEO and co-founder Tim Bratton.  "At Listen.com, we look forward
 to fulfilling this potential."  Bratton is joining Listen as a Vice President
 of Media Delivery.
 
     About Listen.com
     Listen.com syndicates music editorial content, music discovery tools and
 media delivery technologies to a network of some of the most popular Web sites
 and other music platforms.  Listen offers music search and directory services,
 proprietary reviews and content, and streaming radio products to its
 distribution partners.  Partners include Yahoo!, Excite@Home, Terra Lycos,
 NBCi.com, iWon, RealNetworks, ZDNet, AltaVista, shockwave.com, iVillage,
 Britannica.com, Crunch Fitness, eUniverse, Road Runner and Rounder Records.
 Listen also owns and operates the Tokyo-based Listen Japan through a joint
 venture with Trans Cosmos.
     For more information on Listen and its management, investors and partners,
 visit www.listen.com.  Listen.com and the Listen.com logo are service marks of
 Listen.com, Inc.
 
 

SOURCE Listen.com, Inc.
    SAN FRANCISCO, April 5 /PRNewswire/ -- In a move designed to expand its
 streaming media delivery capabilities, Listen.com announced today that it has
 acquired TuneTo.com, a provider of technologically advanced streaming services
 and products.  Terms of the deal between the two private companies were not
 disclosed.
     "In the near term, Listen believes that Internet radio will be the
 dominant platform around which new technology music services and devices will
 be built," said Listen CEO and founder Rob Reid.  "TuneTo arms Listen with the
 next generation of streaming technology and an innovative team of media
 delivery experts.  They will greatly enhance the products that we offer to
 partners."
     "We will also be exploring opportunities to deploy this advanced
 technology into new applications like music-on-demand subscription services
 and the next wave of wireless and net-attached devices," added Reid.
 
     Listen.com - Not just a Web site anymore
     Listen launched as an online music directory in 1999 and soon after became
 a leading syndicator of music directories on the Web.  Last fall, the company
 began focusing on business-to-business syndication of both proprietary and
 licensed music discovery content, music navigation tools and streaming media.
     Listen's first media offering was Listen Radio, a radio service developed
 after the company acquired WiredPlanet last fall.  Listen Radio offers more
 than 150 stations in different genres and for multiple partners.
     In the past three weeks, the company has built upon the success of its
 radio product and rolled out several major new radio ventures.  Working with
 the Listen Radio team, Listen Japan launched the largest streaming music
 service in Japan.  In Thailand, Listen signed a radio development deal with
 the country's largest radio and entertainment company, Grammy Entertainment.
 And, in a deal emblematic of future bricks-and-mortar partnerships, Listen
 began working with Crunch Fitness to deliver customized streaming radio
 directly into the chain's gyms.
     Listen will integrate TuneTo's technologies into its radio products both
 domestically and internationally.  Listen Japan, which recently acquired the
 mobile phone Internet entertainment content provider Noel, will also leverage
 TuneTo's technology to expand its wireless offerings.
     "Listen will continue to seek out new opportunities to improve our music
 delivery and discovery offerings as the market consolidates," added Reid.
 
     High-quality streams at reduced costs for multiple devices
     TuneTo.com's patent-pending technology provides near-CD, broadband quality
 streaming media using a hybrid system of streaming and caching that can
 support MP3, Real Audio, Microsoft Media and other media formats.  It can
 handle millions of simultaneous users while reducing streaming costs.
     This technology works across all bands and all devices, from narrowband
 and broadband desktop PCs to mobile and net-attached devices.  TuneTo's system
 is especially well suited for wireless devices with an Internet connection.
 Service providers can reduce their streaming costs by delivering high bit rate
 data over low bit rate connections to these wireless handheld devices.  More
 recently, TuneTo modified its technology for use with
 subscription-based, on-demand music services.
     "TuneTo has created a unique streaming solution that has the potential to
 change how, where and at what cost Internet music is delivered," said
 TuneTo.com's CEO and co-founder Tim Bratton.  "At Listen.com, we look forward
 to fulfilling this potential."  Bratton is joining Listen as a Vice President
 of Media Delivery.
 
     About Listen.com
     Listen.com syndicates music editorial content, music discovery tools and
 media delivery technologies to a network of some of the most popular Web sites
 and other music platforms.  Listen offers music search and directory services,
 proprietary reviews and content, and streaming radio products to its
 distribution partners.  Partners include Yahoo!, Excite@Home, Terra Lycos,
 NBCi.com, iWon, RealNetworks, ZDNet, AltaVista, shockwave.com, iVillage,
 Britannica.com, Crunch Fitness, eUniverse, Road Runner and Rounder Records.
 Listen also owns and operates the Tokyo-based Listen Japan through a joint
 venture with Trans Cosmos.
     For more information on Listen and its management, investors and partners,
 visit www.listen.com.  Listen.com and the Listen.com logo are service marks of
 Listen.com, Inc.
 
 SOURCE  Listen.com, Inc.