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PeopleSound

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477: 517:, under which music on the site was free but artists could opt to sell physical copies. The website allowed artists to send their finished product to PeopleSound and then granted them a non-exclusive world-wide licence for £100. At the time, this promotion received significant coverage. In exchange, artists were given a page on the PeopleSound website, and were free to choose a price to sell their music. These artists earned 50 per cent 872:
who was headhunted by a major investment bank to help start a financial-services Web site. "The invited him to lunch," says Schmitt. "When he got there, he asked if Martin noticed all the cars in the parking lot. He pointed to one, and told him that if he signed right then, he could have the keys." It was a Ferrari. Turner declined. "He doesn't like red," says Schmitt, who promptly hired him to be peoplesound.com's COO.
1167:'PeopleSound.com Ltd. now leads Europe-based Internet sites for downloadable music. Based in Britain, it has German, French, Dutch, Spanish and Italian versions, and it emphasizes its local content.' 'In July, MP3.com and PeopleSound.com were the seventh and 10th most popular entertainment sites, respectively, among European Web surfers, according to MMXI Europe BV, a site-ranking firm.' 1072:'PeopleSound.com Ltd. now leads Europe-based Internet sites for downloadable music. Based in Britain, it has German, French, Dutch, Spanish and Italian versions, and it emphasizes its local content.' 'In July, MP3.com and PeopleSound.com were the seventh and 10th most popular entertainment sites, respectively, among European Web surfers, according to MMXI Europe BV, a site-ranking firm.' 29: 385:
who joined when the company started last year could each make $ 5 million. Staff joining today would still have made about $ 160,000 from their share options", and "100 millionaires could be created". Martin Turner, COO, noted that they'd only make inroads into the US after going public, due to the cost of market entry.
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London is turning into the main new Silicon Valley for Internet businesses and the UK is the hot-point for new music coming out of Europe," he says. "So we're starting in the UK and then rapidly setting up subsidiaries in Germany, France, Italy, Spain, the Benelux countries and even Turkey." "A lot
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earlier in the year. On 11 June, it was announced Vitaminic was buying PeopleSound for 34 million euros in cash. The deal made the joint entity one of the top three largest music platforms on the web and left PeopleSound shareholders with a 19 per cent stake in Vitaminic, the company being one of few
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In the same week that MP3.com defiantly continued its plans for a European expansion following its ceasefire with the major record labels, EMI, one of the largest music publishers in the world, shook hands with peoplesound.com. Why? Because peoplesound.com uses EMI's technology to find out whether a
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The combined acquisition joined archrivals and gave the company a combined catalogue of more than 329,000 tracks and agreements with over 1,200 record labels, with Schmitt telling The Guardian, "Vitaminic is very strong in southern Europe and the US and on the subscriptions side of things we're very
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but had no music industry experience. The platform was built on the premise that technology could help consumers discover music and that an entire new generation of artists needed new channels to be distributed through. It aimed to "topple the monopoly of major music companies revolutionise the way
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Peoplesound.com, the free on-line music download site, yesterday shrugged off concerns surrounding the future backing for start-up internet companies by finalising a new funding round valuing it in excess of £70m. Finnish wireless communications operator Sonera Corporation is taking an 8% stake in
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That's where the growth is. And the stories of wealth and competition are starting to rival the tales from Silicon Valley and Route 128. Twenty-eight-year-old Ernesto Schmitt, the founder of peoplesound.com, remembers the hiring battle for Martin Turner, a former managing director of CompuServe UK,
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PeopleSound was said to only reject 20 per cent of the music offered to them, aiming to create a democratised music platform, and offered customers two free songs from every band. It aimed to differentiate itself by filtering out poor quality artist submissions, and both it and MP3.com were seen as
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In October 2000, PeopleSound launched a service for marketers to discover and license music for TV, digital and offline advertising. The platform aimed to license music at a quarter the cost and take a fraction of the time the process would usually take, and announced plans to launch a tool to find
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named Schmitt "one of the elite figures of the London Net-economy", while ZDNet declared him "one of the UK's better known Web entrepreneurs". It was widely expected to float that summer, reaching a valuation of £100 million. Had an IPO gone to plan, it was expected that "even the most junior staff
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Though Peoplesound has yet to launch, Schmitt's already has 35 employees, from customer service representatives to secretaries to a staff of four professional A&R people who review all of the incoming submissions. Schmitt says that when Peoplesound goes live the site will feature 1,000 bands.
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First out the door and on to the first plane to New York was the chief executive of Peoplesound, Ernesto Schmitt, star of many a dot.com documentary. Schmitt has landed himself a plum role at EMI Group stateside, where he will fill a newly created position of senior vice-president of strategy and
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Peoplesound differentiates itself by filtering out poor quality artist submissions before they are posted on-line. "We get rid of the crap early on. Some sites will post recordings of kids singing in the bath but we have a dedicated team of ex-A&R men deciding which artists will make it onto
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However, the operation disappoints market observers. "It's an unattractive company buying a really great company. I've always been very skeptical of Vitaminic and would have liked to see how far Peoplesound could have gone. We'll have to see what happens to the two companies combined."said Heidi
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In 2004, it was understood that PeopleSound.com was set to be relaunched, and the site had begun operating on a limited basis. Sources said the launch would reposition PeopleSound as an advertising-funded community web site for labels and other content providers. Although the domain name for the
439:, announced a wide-ranging partnership with PeopleSound. The deal was the first European collaboration of new media and old media and allowed PeopleSound to tap into EMI's global administration for its own artists, sharing ownership of its most popular artists with EMI, and splitting royalties. 835:
Ernesto Schmitt, president and chairman of music website Peoplesound.com, is another strong believer in attending First Tuesday events in the early stages of the business: First Tuesday was instrumental in so many ways. I could bounce ideas off other First Tuesday members, which helped me hone
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If they pass the Peoplesound A&R selection and gain a contract, Peoplesound will share 50% of the net profit from record sales. The figure is far more than you'd expect from most major record companies, 17-20% of sales is normal, and even independent labels only offer around 30% after
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Peoplesound's 10,000 artists and 30,000 free MP3 tracks will now be publicised and available for download from AltaVista, LineOne, Liberty Surf and intermusic. The deal with Amazon will enable users to purchase CDs from Peoplesound artists from the music and books retail
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By October 2000, the site represented more than 10,000 unsigned bands and artists, holding the master and recording rights to their music, and had over 1.5 million registered users. The company was also named among "The UK's Most Visionary Companies" in 2001 by
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of it is about having a local grass roots presence, a network and marketing. We've got 150 people working for us across the UK now, finding bands and sending them to us. Without that network you won't be able to get the content and that's really what it's all about.
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Not content to rest on its laurels while it awaits EU regulatory approval on its £14bn merger with Time Warner, EMI has revealed details of a wide-ranging partnership with Europe's largest free music download website Peoplesound.com - the first deal of its kind in
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Not content to rest on its laurels while it awaits EU regulatory approval on its £14bn merger with Time Warner, EMI has revealed details of a wide-ranging partnership with Europe's largest free music download website Peoplesound.com - the first deal of its kind in
353:, who took an 8 per cent stake; Ladybird Ventures; and Zouk Ventures, taking a further 2.4 per cent. Under the deal, PeopleSound exclusively became the free music provider for Zed, Sonera's global wireless portal. This integration was the first example of 373:
noted PeopleSound.com was the most popular music platform in Europe, and led European based Internet sites for downloadable music, still "in its infancy". It had sites in English, German, Dutch, Spanish and Italian, and ranked in the top ten most popular
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Peoplesound.com is built on three principles: the principle that through clever technology, you can help consumers discover music, that an entire new generation of artists need to be distributed, but can't be distributed through the traditional
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Schmitt said he is walking a fine line between a display of wealth for the industry and keeping a modest profile for the artists. "If the artists get the impression we're getting rich off them, it would be disastrous," he said.
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strong in northern Europe". The combined entity was listed on Milan's Nuovo Mercato stock exchange. By August 2001, and following the internet bubble boom of mid-2000, Schmitt quit to take up a senior role for EMI in New York.
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the London-based company, with internet venture capital firm Zouk Ventures taking a further 2.4%. Under the terms of the deal Peoplesound becomes exclusive free music provider for Sonera's global wireless portal, Zed.
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The idea for a new format for online music distribution site was dreamt up by Ernesto Schmitt at about the time lastminute was launching last November. Peoplesound will open for business in the autumn. The
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Peoplesound.com management. From left: Bruno Heese, VP International Development, Martin Turner, Chief Operating Officer, Paul Levett, VP Technical Operations and Ernesto Schmitt, Chief Executive Officer.
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noting that it was "an unattractive company (Vitaminic) buying a really great company (PeopleSound)"; PeopleSound founder Schmitt told the BBC the deal would "reshape the traditional music industry".
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Peoplesound.com. I was also introduced to a number of investors whose interest helped me to drive up the value of my proposition. Perhaps most importantly, I found my chief operating officer there.
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new artist showcasing on the site is likely to be a hit or a miss. In other words, it's another A&R tool for EMI, and it gives a dot.com launched only last year the support of a major player.
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His departure came as Vitaminic completed its £20.9m acquisition of Peoplesound, giving the company a combined catalogue of more than 329,000 tracks and agreements with over 1,200 record labels
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to create a platform where users could search for music by artist or category and discover new recommended music. Unlike music distribution before, which had been managed exclusively by
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Quickly becoming a favorite of the dot-com boom, on 29 May 2000, PeopleSound announced a round of funding valuing it in excess of £70 million ($ 200m in 2022). Investors included
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called PeopleSound "the leader for European-based downloadable music sites", as well as the first pioneer of music streaming on mobile, and it set the basis for later companies like
2037:"Vitaminic is very strong in southern Europe and the US and on the subscriptions side of things we're very strong in northern Europe. It's a very complementary tie-up," he said. 2196:
We only reject around 20 percent of what is offered to us, and with those we do reject, it's not a question of whether these guys are going to sell five million copies or not.
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relaunched PeopleSound kept being renewed until the end of 2008, the site itself stopped received updates in 2006, with the most recent release listed on their site being
361:. Schmitt was quoted as saying "the deal will allow music downloads straight to mobile handsets, enabling music lovers to have their favourite music wherever they go". 2227:
Peoplesound will offer customers two free songs from every band as a taster and then invite customers to create their own compilations in CD Realaudio or MP3 format.
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By June 2001, with tough economic conditions, PeopleSound, with 85 employees, was in merger talks with Vitaminic. The pan-European digital music company, listed on
294:; and Paul Levett. In September 1999, pre-launch, PeopleSound was valued at £12 million and had 35 employees and 400–500 scouts. Early backers included 1143: 1048: 2351: 1544: 767:
Ernesto Schmitt, Peoplesound's president and founder, claims that sites such as his could revolutionise the way new bands are signed and listened to.
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We won't try to make inroads into the States until after we go public, because you need such a huge cash investment to enter the market in the US.
780: 744: 574: 2346: 708: 650: 2356: 245:, PeopleSound raised at a valuation of $ 200 million (£70m in 1999) and reached a valuation of $ 280 million (£100m in 1999). Post 1609: 1395: 1895: 1212: 1017: 848: 1412:
The website represents more than 10,000 unsigned bands and artists, and has both the master and recording rights to their music.
226:, PeopleSound signed unsigned artists, notably offering £100 to artists per song they sent in. These artists earned 50 per cent 525:
good examples of 're-intermediating' companies, combining elements of both traditional retail and record companies functions.
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believe they can topple the monopoly of major record companies and enable more bands to make a name for themselves
168: 1447: 1636: 521:– the market average was 17–20 per cent – on physical copies sold, but music on the site was available free. 208: 1836: 540: 2050: 2299: 632: 211:
in Europe, with millions of registered users, and one of the highest profile new-age internet startups.
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noted "ninety per cent of ads want music that fits the brief, which is where we're targeting".
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We will take leadership in the technology revolution reshaping the traditional music industry.
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index spiked in the late 1990s and then fell sharply as a result of the dot-com bubble.
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that PeopleSound aimed to "start in the UK and then rapidly setting up subsidiaries in
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business development across the group's recorded music and music publishing divisions.
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similar sounding music. Before launching the product, the company was in talks with
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in August 2000. In November 2000, the platform secured distribution deals with
354: 250: 249:, PeopleSound was sold to Vitaminic, and the combined entity was listed on the 246: 44: 2335: 1815: 1779: 1694: 1261:
Peoplesound.com, one of the UK's highest profile remaining internet start-ups
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The early team included Bruno Heese; Martin Turner, formerly head of
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on physical copies sold, but music on the site was available free.
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as a new format for online music distribution. Schmitt had been a
425: 346: 331: 315: 299: 260: 335: 319: 298:'s global Europe@web Internet Fund, which had also invested in 242: 234: 2303: 275:
PeopleSound was founded in June 1999 in London by 28-year-old
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it would be no surprise if Peoplesound floated in the summer
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and as one of the highest-profile tech startups in the UK;
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and the most visited. At peak, it was amongst the top ten
432: 409: 311: 1610:"CAMPAIGN-I: Peoplesound unveils music licensing portal" 1396:"CAMPAIGN-I: Peoplesound unveils music licensing portal" 342:, they had 150 people finding bands across the country. 203:. Going live in October 1999, it was the first European 369:
Having positioned itself successfully, by July 2000,
2118:. Institute for Public Policy Research. p. 49. 1882:'one of the elite figures of the London Net-economy' 1426:
Sheer Inspiration: The UK's Most Visionary Companies
1199:'one of the elite figures of the London Net-economy' 1144:"MP3.com Says It Is Looking to Europe for Expansion" 1049:"MP3.com Says It Is Looking to Europe for Expansion" 2322:
Official website of Intelligent Systems Corporation
2051:"The day the music died for online rebel Napster" 1086:"MP3.com Europe won't include signature services" 918:"The Company File | London's swinging Netropolis" 2333: 1896:"Empire-building Vitaminic swallows Peoplesound" 1230:'one of the UK's better known Web entrepreneurs' 1213:"Empire-building Vitaminic swallows Peoplesound" 1018:"Empire-building Vitaminic swallows Peoplesound" 597:"The Company File: London's swinging Netropolis" 497:post-bubble exits. The deal had sceptics, with 2308:Compare with next available archived snapshot. 1924:"L'italien Vitaminic s'empare de Peoplesound" 1864:"L'italien Vitaminic s'empare de Peoplesound" 1275:"L'italien Vitaminic s'empare de Peoplesound" 1181:"L'italien Vitaminic s'empare de Peoplesound" 435:, having just merged with $ 14 billion 1241: 987: 813:"First Tuesday: a networking success story" 2107: 2105: 1690:"Vitaminic acquista l'inglese Peoplesound" 1513:"EMI unveils first online publishing deal" 1424:"Sweet harmony: Supply-chain management". 1242:Snoddy, Julia; Cassy, John (1 June 2001). 1112:"EMI unveils first online publishing deal" 988:Snoddy, Julia; Cassy, John (1 June 2001). 2273:"Sources: U.K.'s Peoplesound To Relaunch" 2270: 2048: 1579: 1448:"MTV and music site partner for festival" 1083: 442: 2352:British companies disestablished in 2008 2111: 1941:Fitzpatrick, analyst at Lehman Brothers. 1084:Learmonth, Michael (21 September 2000). 1053:The New York Times, International Herald 778: 475: 2210:"Peoplesound.com - A music revolution?" 2148:"Peoplesound.com - A music revolution?" 2102: 2076: 2017: 1893: 1634: 1545:"Can AOL's freeway handle the traffic?" 1542: 1510: 1475: 1210: 1142:Shannon, Victoria (19 September 2000). 1141: 1109: 1047:Shannon, Victoria (19 September 2000). 1046: 1015: 810: 709:"Peoplesound.com - A music revolution?" 287:new bands are signed and listened to". 2334: 2271:Koranteng, Juliana (2 November 2004). 2207: 2145: 1986: 1982: 1980: 1921: 1887: 1861: 1837:"Vitaminic to acquire Peoplesound.com" 1740:"Vitaminic se dope au Peoplesound.com" 1737: 1604: 1602: 1575: 1573: 1571: 1506: 1504: 1335: 1272: 1178: 1042: 1040: 1009: 912: 910: 706: 670: 668: 653:from the original on 11 September 2021 2347:British companies established in 1999 2238: 1799: 1582:"New initiative from peoplesound.com" 1471: 1469: 1363: 1304: 983: 981: 952: 948: 946: 944: 742: 674: 609:from the original on 16 December 2022 577:from the original on 16 December 2022 431:By September 2000, recording company 403: 398: 2357:Technology companies based in London 2179:"PEOPLESOUND.COM: Behind The Scenes" 1855: 1366:"PEOPLESOUND.COM: Behind The Scenes" 1172: 885:"PEOPLESOUND.COM: Behind The Scenes" 677:"PEOPLESOUND.COM: Behind The Scenes" 559: 557: 490:Milan's Nuovo Mercato stock exchange 199:platform founded on 22 June 1999 by 2302:. PeopleSound. 2006. Archived from 1977: 1599: 1580:Marketing, Week (26 October 2000). 1568: 1543:Simmons, Lisa (24 September 2000). 1501: 1478:"Peoplesound seals MP3 music deals" 1135: 1103: 1037: 907: 781:"You want to be famous? Click here" 779:Sprenger, Polly (17 October 1999). 665: 364: 209:most visited entertainment websites 13: 1635:Wearden, Graeme (4 January 2001). 1511:Vickers, Amy (21 September 2000). 1466: 1110:Vickers, Amy (21 September 2000). 978: 941: 857:. 5 September 1999. Archived from 305: 14: 2373: 2315: 1922:Robert, Virginie (11 June 2001). 1862:Robert, Virginie (11 June 2001). 1802:"Italian Firm's Dolce Music Deal" 1476:Vickers, Amy (21 November 2000). 1273:Robert, Virginie (11 June 2001). 1179:Robert, Virginie (11 June 2001). 554: 508: 408:PeopleSound first partnered with 349:wireless communications operator 310:By Autumn 1999, Schmitt told the 2328: (archived February 4, 2001) 2239:Cassy, John (15 February 2000). 2077:Simmons, Lisa (26 August 2001). 2049:Mathiason, Nick (24 June 2001). 1766:"Vitaminic comprará Peoplesound" 1717:"Vitaminic acquista Peoplesound" 1664:"Vitaminic acquires PeopleSound" 1338:"A slow start to the revolution" 1305:Cassy, John (15 February 2000). 1293:100 million pound valuation 1165:– via The New York Times. 743:Cassy, John (15 February 2000). 528: 27: 16:British audio streaming platform 2292: 2264: 2232: 2201: 2171: 2139: 2070: 2042: 2011: 1987:Gibson, Owen (23 August 2001). 1946: 1915: 1894:Wearden, Graeme (8 June 2001). 1829: 1793: 1758: 1738:Frantz, Grenier (8 June 2001). 1731: 1709: 1682: 1656: 1628: 1536: 1440: 1417: 1388: 1357: 1336:Miller, Charles (5 June 2000). 1329: 1298: 1266: 1244:"Peoplesound in takeover talks" 1235: 1211:Wearden, Graeme (8 June 2001). 1204: 1077: 1016:Wearden, Graeme (8 June 2001). 990:"Peoplesound in takeover talks" 877: 811:Vickers, Amy (31 August 2000). 2300:"Free MP3 Music – PeopleSound" 841: 804: 772: 736: 700: 625: 589: 471: 1: 2208:Knight, Will (19 July 1999). 2146:Knight, Will (19 July 1999). 1954:"Peoplesound bought for £20m" 707:Knight, Will (19 July 1999). 547: 513:PeopleSound operated under a 2020:"Vitaminic buys Peoplesound" 2018:Vickers, Amy (8 June 2001). 1841:San Francisco Business Times 1637:"Dot-coms face a tough 2001" 1148:International Herald Tribune 7: 1989:"Schmitt quits Peoplesound" 1774:(in Spanish). 8 June 2001. 953:Cassy, John (31 May 2000). 83:; 25 years ago 33:PeopleSound running in 2000 10: 2378: 1719:(in Italian). 11 June 2001 955:"Peoplesound beat goes on" 270: 220:old media music publishing 2115:New Musical Entrepreneurs 1364:White, Paul (July 2000). 675:White, Paul (July 2000). 633:"Entertaining a big idea" 175: 164: 156: 148: 136: 128: 120: 112: 95: 77: 55: 38: 26: 2342:Music streaming services 849:"Europe's Got Net Fever" 205:music streaming platform 2362:Defunct music companies 2241:"Sounding out the band" 2112:Brindley, Paul (2000). 1616:. Haymarket Media Group 1454:. Haymarket Media Group 1402:. Haymarket Media Group 1307:"Sounding out the band" 745:"Sounding out the band" 281:Boston Consulting Group 485: 443:Music licensing portal 251:Italian Stock Exchange 1436:– via ProQuest. 479: 284:Management Consultant 214:PeopleSound combined 121:No. of locations 861:on 14 September 2022 825:on 15 September 2022 757:on 14 September 2022 464:. Business director 414:V2000 music festival 340:grassroots marketing 2306:on 14 October 2008. 1800:Castleman, Amanda. 721:on 16 December 2022 376:entertainment sites 23: 1428:. pp. 12–15. 573:. 5 October 1999. 486: 404:Joint partnerships 399:Other developments 371:the New York Times 351:Sonera Corporation 256:The New York Times 124:6 locations (peak) 21: 2125:978-1-86030-103-2 1668:HITS Daily Double 565:"Ernesto Schmitt" 332:Benelux countries 190: 189: 179:October 1999 113:Country of origin 2369: 2309: 2307: 2296: 2290: 2289: 2287: 2285: 2268: 2262: 2261: 2255: 2253: 2236: 2230: 2229: 2224: 2222: 2205: 2199: 2198: 2193: 2191: 2175: 2169: 2168: 2162: 2160: 2143: 2137: 2136: 2134: 2132: 2109: 2100: 2099: 2093: 2091: 2074: 2068: 2067: 2065: 2063: 2046: 2040: 2039: 2034: 2032: 2015: 2009: 2008: 2003: 2001: 1984: 1975: 1974: 1969: 1967: 1950: 1944: 1943: 1937: 1935: 1919: 1913: 1912: 1910: 1908: 1891: 1885: 1884: 1879: 1877: 1859: 1853: 1852: 1850: 1848: 1833: 1827: 1826: 1824: 1822: 1797: 1791: 1790: 1788: 1786: 1762: 1756: 1755: 1753: 1751: 1735: 1729: 1728: 1726: 1724: 1713: 1707: 1706: 1704: 1702: 1686: 1680: 1679: 1677: 1675: 1660: 1654: 1653: 1651: 1649: 1632: 1626: 1625: 1623: 1621: 1606: 1597: 1596: 1594: 1592: 1577: 1566: 1565: 1559: 1557: 1540: 1534: 1533: 1527: 1525: 1508: 1499: 1498: 1492: 1490: 1473: 1464: 1463: 1461: 1459: 1444: 1438: 1437: 1421: 1415: 1414: 1409: 1407: 1392: 1386: 1385: 1380: 1378: 1361: 1355: 1354: 1352: 1350: 1333: 1327: 1326: 1321: 1319: 1302: 1296: 1295: 1290: 1288: 1270: 1264: 1263: 1258: 1256: 1239: 1233: 1232: 1227: 1225: 1208: 1202: 1201: 1196: 1194: 1176: 1170: 1169: 1164: 1162: 1139: 1133: 1132: 1126: 1124: 1107: 1101: 1100: 1098: 1096: 1081: 1075: 1074: 1069: 1067: 1044: 1035: 1034: 1032: 1030: 1013: 1007: 1006: 1004: 1002: 985: 976: 975: 969: 967: 950: 939: 938: 932: 930: 914: 905: 904: 899: 897: 881: 875: 874: 868: 866: 845: 839: 838: 832: 830: 821:. 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Index

Screenshot of the PeopleSound website running in 2000
Public
Limited
Traded as
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Dissolved
Founder(s)
Ernesto Schmitt
peoplesound.com
audio streaming
Ernesto Schmitt
music streaming platform
most visited entertainment websites
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record labels
royalties
London
Paris
Munich
dot-com bubble
Italian Stock Exchange
The New York Times
Spotify
Apple Music
Ernesto Schmitt
Boston Consulting Group
Management Consultant
CompuServe UK

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