SANTA MONICA, Calif., March 12, 2008 (PRIME NEWSWIRE) -- ARTISTdirect, Inc. (OTCBB:ARTD) today announced the appointments of Jon Diamond as non-executive chairman, succeeding Frederick W. Field who will continue to serve as a director, and Dimitri Villard, a current member of the board of directors and chairman of its audit committee, as interim chief executive officer, succeeding Jon Diamond in that position.
The company said the changes are intended to support efforts to maximize the inherent value of its digital media entertainment assets, with Diamond now primarily focused on strategic initiatives and Dimitri Villard responsible for overall company management.
About ARTISTdirect, Inc.
Headquartered in Santa Monica, California, ARTISTdirect, Inc. is a digital media entertainment company that is home to an online music network and, through its MediaDefender subsidiary, is the leading provider of anti-piracy solutions in the Internet-piracy-protection industry. The ARTISTdirect Network is a network of web-sites offering multi-media content, music, news and information organized around shared music interests, music-related specialty commerce and digital music services.
Forward-Looking Statements:
This news release may contain "forward-looking" statements, which are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, and include words such as "anticipates," "expects," "intends," "plans," "believes," "may," "will" or similar expressions that are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Such statements are not guarantees of future performance and subject to risks, uncertainties and assumptions that are difficult to predict. Therefore, the company's actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. Except as required by applicable law or regulation, the company undertakes no obligation to revise or update any forward-looking statements contained herein in order to reflect future events or circumstances. For a further description of various risks and uncertainties with respect to ARTISTdirect's business, please refer to the Company's filings with the Securities and Exchange Commission, which can be viewed without charge on the Internet at www.sec.gov.