Musicnotes.com Sells Five-Millionth Download; Growth Continues In 2009
Madison, WI – March 12, 2009 – Musicnotes, Inc., the market leader in downloadable sheet music, announced today that it recently sold its five-millionth download since the site first launched (1999). The five-millionth download was a Guitar Guru Session of Don McClean’s “Vincent (Starry, Starry Night),” and was sold to a customer in Germany.
Musicnotes also announced today its sales growth continues in 2009. “We have seen some moderation in our rate of growth as the recession has deepened,” indicated Chairman and CFO Tim Reiland, “however our current growth rate remains strong at 20 percent year-over-year.”
One area where growth has actually accelerated for Musicnotes is its Guitar Guru product line. Guitar Guru utilizes free, interactive software for guitar players and was a featured download at www.apple.com in early February. Guitar Guru for Mac was a “staff pick” on the Apple Download Page and was on their top ten download list for much of the month, which contributed to greater interest and higher sales.
Musicnotes will also pass another milestone in early 2009, when royalties paid to publishers and songwriters will pass the $10 million mark. “We are thrilled to provide a growing royalty stream to music publishers and the songwriters they represent,” commented Reiland. “Because our business is entirely dependent on offering our 100,000+ daily visitors the songs they want to play, talented songwriters are critically important to Musicnotes.”
About Musicnotes: Musicnotes, Inc. offers an online catalog of almost 100,000 digital sheet music titles, built on the strength of content agreements with Alfred Publishing, EMI Music Publishing, Faber Music Ltd, Sony/ATV Publishing, BMG/Universal, Disney Music Publishing, peermusic, Word Music, EMI Christian, Bug Music and many others. Musicnotes is included in Internet Retailer’ list of the Top 500 Online Retailers and was recently selected by Internet Retailer as a “Hot 100” site for 2009.