e.Digital Corporation (fka EDIG)

[cksla]

June 11, 2001 Universal, Sony Announce Leadership, Brand for Music Service
Universal Music Group and Sony Music Entertainment today disclosed two top executives and a name change for the planned music subscription service known as Duet. Sony and Universal named Andrew Schuon CEO and president of PressPlay, the new name for the music service the two companies expect to launch in late summer. The companies also named Michael Bebel to serve as the service's chief operating officer. Schuon, who previously served as president and CEO of UMG's Farmclub.com, will oversee PressPlay's operations. Bebel will oversee PressPlay's business affairs, finances and lead its technology implementation. Bebel previously served as the executive vice president of business development for UMG's ELabs division. The PressPlay service, expected to launch in the U.S. this summer and in Europe in the fall will first offer access to streaming music, adding music downloads later. PressPlay currently has agreements to offer music from Sony and Universal only. Subscription pricing has not yet been disclosed. Yahoo will market the service to visitors to its online properties, including Yahoo Music.