EMusic.com, Inc. operates online music networks, providing music fans with music content, news, and information and community features. EMusic.com is a Web site for sampling and purchasing music in the MP3 format. Through direct relationships with artists and licensing agreements with approximately 600 independent record labels, EMusic.com offers a collection of approximately 125,000 tracks for purchase, a collection of digital music content from recognized artists available for legal distribution in MP3 format over the Internet. Its RollingStone.com leverages Rolling Stone magazine's unrivaled deep archives, including approximately 7,000 artist profiles, a collection of photos and interviews, approximately 30 years of magazine covers and approximately 1,000 on-demand videos. It also operates additional Web sites, including IUMA.com, Tunes.com, and Downbeatjazz.com. The company, formerly known as GoodNoise Corporation, was founded in 1989 and is based in New York City. EMusic.com Inc. was a subsidiary of Universal Music Group, Inc.