Vivendi Universal and Sony on Monday said they have rechristened their joint online music initiative and appointed a chief executive to lead the much-anticipated project.
As previously reported, Andy Schuon will become chief executive of Pressplay, formerly known as Duet. Schuon formerly served as the president of Jimmy and Doug's Farmclub.com, an online music service created by Universal Music Group.
Alongside Schuon, the companies appointed Michael Bebel as chief operating officer. Bebel formerly served as vice president of business development for Universal's eLabs, responsible for the major record label's e-commerce and strategic initiatives.
Pressplay is expected to launch a subscription service that allows people to legally download or stream songs onto their computers for a monthly fee. The company signed a distribution deal with Web portal Yahoo in April but has not announced an official launch date. --Jim Hu, Special to ZDNet News