BUSINESSWEEK ONLINE : MAY 29, 2000 ISSUE
INTERNATIONAL -- INT'L COVER STORY The Web THE TUNE There are more than 150 public online music companies, from Web radio to band-promotion sites, to places to buy CDs or make customer compilations, customize music channels, or just steal music and trade it with your friends. SOUR NOTE With the recent Nasdaq carnage and legal battles against high-profile sites MP3.com and Napster, a shakeout has begun. Investors have been fleeing music sites. HIGH NOTE Not only can anyone be a star by launching their own Web site, anyone can be a record label, radio broadcaster, or retailer. ''One morning, we're going to wake up and there will be 20 million hits for a new song by some band on MP3,'' says Who guitarist Pete Townsend. ''And that will be the new Beatles.'' _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					RELATED ITEMS Download This! (int'l edition) INT'L COVER IMAGE: Download This! TABLE: The Artists TABLE: The Labels CHART: Although Music Is a Slow-Growth Business... TABLE: Radio CHART: For Now, Web Rivals Shouldn't Slow Radio TABLE: The Retailers CHART: Retail: Still King but for How Long? TABLE: The Consumer TABLE: The Web The Digital Revolution Will Not Be Criminalized (int'l edition) These Wristbands Will Keep You Humming (int'l edition) Napster's Shawn Fanning: The Teen Who Woke Up Web Music Forget Napster. Net File-Swapping Now Goes Way Beyond Music INTERACT E-Mail to Business Week Online

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