ENCINO, Calif.--(BUSINESS WIRE)--March 28, 2000--ARTISTdirect Inc. (Nasdaq:ARTD), an online music company, today announced its initial public offering of 5,000,000 shares of its common stock at a price of $12 per share.

All 5,000,000 shares being offered are being sold by ARTISTdirect Inc. The managing underwriters of the offering are Morgan Stanley Dean Witter; Bear, Stearns & Co. Inc.; and Deutsche Banc Alex Brown. ARTISTdirect Inc. has granted the underwriters a 30-day option to purchase up to 750,000 additional shares to cover over-allotments, if any.

A copy of the prospectus relating to the offering may be obtained from Morgan Stanley Dean Witter, 1585 Broadway, New York, N.Y. 10036, Attn.: Prospectus Department.

A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Offers may be made only by means of a prospectus.