Encino, CA - September 22, 1999 -
ARTISTdirect, Inc. today announced that it has filed a registration
statement with the Securities and Exchange Commission for a proposed
initial public offering of its Common Stock.
ARTISTdirect, Inc.is a leading online music company that provides music
entertainment through the ARTISTdirect Network, an integrated network of
Web sites offering multi-media content, music news and information,
community around shared music interests, and music-related commerce. The
ARTISTdirect Network consists of ARTISTdirect.com (www.artistdirect.com),
home of the online channels that the company operates and maintains on
behalf of artists; UBL.com (www.ubl.com), a leading music search engine on
the Web; iMusic (www.imusic.com), an online community site where fans
exchange music interests and commentary; and the ARTISTdirect Superstore,
a retail site offering a wide selection of recorded music and artist
merchandise. Additionally, ARTISTdirect, Inc. operates the ARTISTdirect
Talent Agency and manages Kneeling Elephant Records.
The terms of the public offering have not yet been disclosed and offers
will only be made by prospectus. The public offering is being managed by
an underwriting group led by Morgan Stanley Dean Witter. Bear Stearns
& Co. Inc. and Deutsche Banc Alex Brown are co-managers of the
offering.
A registration statement on Form S-1 relating to the Common Stock has
been filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may any offers to
buy be accepted prior to the time the registration statement becomes
effective. This press release does not constitute an offer to sell or the
solicitation of an offer to buy the Common Stock, nor shall there be any
sale of the Common Stock in any state in which such offer, solicitation,
or sale would be unlawful prior to the registration or qualification of
the Common Stock under the securities laws of any such
state.
