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gernb1

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gernb1

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Thursday, 02/28/2002 4:23:49 PM

Thursday, February 28, 2002 4:23:49 PM

Post# of 93827
CenterSpan To Pay Sony $2 Million And Stock In Digital Music Pact


Thursday February 28, 9:56 am Eastern Time


WASHINGTON -(Dow Jones)- CenterSpan Communications Corp. (CSSS) agreed to
pay $2 million, plus stock, for the rights to distribute Sony Music Entertainment's
(SNE) recordings in a digital format over the Internet.

CenterSpan also issued Sony 283,556 common shares and a warrant for another 189,037 shares at an exercise price of
$8.11 a share, according to a filing Thursday with the Securities and Exchange Commission.

-Robert L. Grant, Dow Jones Newswires; 202-393-7851; robert.grant@dowjones.com

(This story was originally published by Dow Jones Newswires)



Copyright (c) 2002 Dow Jones & Company, Inc.
All Rights Reserved

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