Tuesday, January 05, 2010

online dance music retailer looking for investment

Online dance music retailer Masterbeat has hired Allen & Caron, Inc. to help it reach out to investors and media. The dance specialist claims to be the only kid on the block to peddle non-DRM (a.k.a. "lossless," CD-quality) files from major labels, including Warner Music Group and Universal Music Group. (Hmm. EMI offers such on iTunes, no?).

"We are working closely with major and independent record labels and our goal is to take a leadership position in dance music," said CEO DJ Brett Henrichsen. "At the same time, we want to build a base of institutional investors ... "

Press release.

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