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MP3.com Splits

MP3.com is creating a new division, dubbed MP3 Technologies, which will provide the technology for MP3.com and other Web sites, including the forthcoming Pressplay online subscription service. The Mp3.com web site will still will still give customers a place to listen to music, however.

"We've always seen ourselves as really a technology company," Kostello said. "Now, as part of the larger Vivendi Universal family, we have new customers; so it makes sense to have a separate division."

Source: Moreover News

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