Tuesday, April 8, 2008
Slacker Inks Deal With Music Publishers
San Diego-based Slacker has inked a number of deals with the music publishing industry, the firm announced today. Slacker, which offers an online personalized radio service and portable music service, said that it has finalized deals with EMI Music Publishing, Sony/ATV Music Publishing, Universal Music Publishing Group and Warner/Chappell Music. Financial terms of the deal were not disclosed, however Slacker said the agreements will allow Slacker content rights to music. Those rights will allow the transfer of songs from Slacker's streaming service to its portable music players, and ability to save and replay those songs on request. Slacker's online services and portable players allow users to create their own "personal radio stations" with streamed music. The firm is venture backed by Austin Ventures, Centennial Ventures, Mission Ventures, and Sevin Rosen Funds.