eMusic Claims 100,000 Paying Subscribers
Posted on September 13, 2005eMusic, a digital msuic download service, selling more than two million tracks monthly, announced that its paying subscriber base now exceeds 100,000. eMusic also announced the elevation of David Pakman, formerly COO, to President and CEO. Danny Stein, President of JDS Capital, the owner of eMusic, will assume the role of Chairman and will continue to be engaged in the company. David Pakman remains a Managing Director of Dimensional Associates, the private equity arm of JDS Capital that also owns eMusicLive, The Orchard and Dimensional Music Publishing. eMusic claims that is has risen from relative obscurity to become the No. 2 digital music service -- second only to iTunes -- in the number of downloads it sells each month.