|Baidu and EMI Launch Advertising-Supported Streaming Service|
|Jan 16, 2007|
|BEIJING, Jan 16, 2007 /Xinhua-PRNewswire via COMTEX News Network/ -- Baidu.com Inc. (Nasdaq: BIDU), the
leading Chinese language Internet search provider and EMI Music, the world's
largest independent music company, today announced a pioneering strategic
partnership to launch an advertising-supported online music streaming service
in China, a landmark revenue-sharing arrangement between an internet search
engine and an international music company in the country. EMI and Baidu have
also agreed to explore developing advertising-supported music download
(Logo: http://www.newscom.com/cgi-bin/prnh/20041011/BAIDULOGO )
Today's agreement will see Chinese repertoire from EMI's Typhoon Music being made available for streaming, at no charge, to all users of Baidu, the leading search engine in China.
Baidu will set up a special 'EMI Music Zone' in its music search channel which will legally stream all of EMI Music's Chinese repertoire, including recordings from artists such as Jolin Tsai (Taiwan), Stephanie Sun (Singapore), David Tao (Taiwan), Sandy Lam (Hong Kong) and Richie Ren (Taiwan). While consumers listen to the music for free they will be exposed to internet advertising, and EMI and Baidu will share the revenue generated by the advertising, a pioneering approach to monetising and promoting digital music in China.
Baidu is the largest internet portal in China and the fourth largest in the world. According to the 2006 report from the official China Internet Network Information Center, Baidu has a market share in overall search of 62.1%, while the latest report from iResearch, a leading market research company for China's internet industry, calculates that the company has an 84% share of music searches.
Mr Robin Li, chairman and CEO of Baidu said: "We believe this partnership with EMI will drive value for Baidu users, content providers and advertisers. It also sets the stage for future co-operation between the internet and music industries."
"With Baidu's close relationship with Chinese digital music lovers, EMI and Baidu's co-operation is a major breakthrough in the history of online music in China. It provides an efficient digital distribution platform to reach Chinese consumers, allowing fans to listen to EMI's latest quality music immediately on the internet," said Norman Cheng, Chairman of EMI Music Asia and Director of Typhoon Music.
"The cooperation between Baidu and EMI also moves us towards jointly controlling digital piracy, something that is important to EMI in the Chinese digital music market. Our co-operation with the world's largest Chinese search engine is also part of EMI's strategic roadmap to expanding digital music development across the region," added Mr. Cheng.
Baidu.com, Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best way for people to find information. In addition to serving individual Internet search users, Baidu provides an effective platform for businesses to reach potential customers. Baidu's ADSs, each of which represents one Class A ordinary share, are currently trading on the NASDAQ Global Market under the symbol "BIDU".
EMI is the world's largest independent music company, operating in 50 countries. Its EMI music division represents around 1300 artists spanning all musical tastes and genres. It's record labels include Angel, Astralwerks, Blue Note, Capitol, Capitol Nashville, Emi Classics, EMI CMG, EMI Records, EMI Televisa Music, Manhattan Mute, Parlophone and Virgin, for further information on EMI, please visit http://www.emigroup.com .
About Typhoon Music:
Typhoon Music is a joint venture company through which EMI owns controlling stakes in music companies operating in the People's Republic Of China and Hong Kong. In the PRC, Typhoon/EMI opened for business in 2003 and has the largest share of local repertoire amongst the world's major music companies with artists including The Flowers, Anson Hu and Xu Wei signed to Typhoon/EMI's PushTyphoon label. In Hong Kong, Typhoon's Gold Label company is a full-service record label, artist management company and concert promoter for artists such as Justin Lo, Leo Ku and Ronald Cheng.
For more information, contact: Baidu: China Linda Sun, Baidu.com, Inc. Tel: +86-10-8262-1188 *8246 Email: email@example.com Rory Macpherson, Ogilvy Public Relations Worldwide (Beijing) Tel: +86-10-8520-6553 Email: firstname.lastname@example.org US Thomas Smith, Ogilvy Public Relations Worldwide (New York) Tel: +1-212-880-5269 Email: email@example.com EMI In China: Joanna Huang EMI Music Marketing China Tel: +86-10-65678156(168) Email: Joanna.firstname.lastname@example.org Caroline Chow EMI Music New Media Tel: +852-2506-5635 Email: Caroline.email@example.com Rest of Asia: Hans Ebert EMI Music Southeast Asia Tel: +852-2585-5658 Email: Hans.firstname.lastname@example.org UK/US: Amanda Conroy EMI, London Tel: +44-20-7795-7529 Email: Amanda.email@example.com
SOURCE Baidu.com Inc.
Linda Sun+86-10-8262-1188 *8246, or firstname.lastname@example.org, for Baidu; Rory Macpherson, +86-10-8520-6553, or email@example.com, or Thomas Smith, +1-212-880-5269, or firstname.lastname@example.org, both of Ogilvy Public Relations Worldwide for Baidu; Joanna Huang, +86-10-65678156(168), or Joanna.email@example.com, or Caroline Chow, +852-2506-5635, or Caroline.firstname.lastname@example.org, or Hans Ebert, +852-2585-5658, or Hans.email@example.com, or Amanda Conroy, +44-20-7795-7529, or Amanda.firstname.lastname@example.org, all of EMI