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Music Week

| March 03, 2001 | COPYRIGHT 2001 UBM Information Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TORNADO HEADS INTO BLACK

Digital service provider Tornado says it expects to break even by the second quarter of 2002 as the Aim-listed company announced a pre-tax loss of 5.8m [pounds sterling] for the year to December 31, 2000. The company last week also announced its first retail distribution partnership with pan-European Tiscali-owned portal World Online.

MICROSOFT BUYS MEDIAWAVE STAKE

Microsoft has taken a minority stake in streaming media service provider Mediawave. Mediawave -- which had previously been partnered with Microsoft Windows Media rival Real Networks -- has become MSN partner for providing server capacity for music webcasts. It worked with the software giant on Madonna's Brixton concert and is working on tonight's (Monday) Brits web production for future webcast on MSN.

MIDEM 2001 REVEALS FINAL FIGURES

Midem says this year's ...

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