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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 28, 1999
TCI MUSIC, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 0-22815 84-1380293
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
67 Irving Place North, 4th Floor
New York, NY 10003
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (212) 387-7700
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(Former name or former address, if changed since last report): Not applicable
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Item 5. OTHER EVENTS
See Exhibit 99 to this Form 8-K.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits. Exhibit 99. TCI Music, Inc. Press Release issued May 5,
1999.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TCI MUSIC, INC.
Date: May 5, 1999 By: /s/ Ralph J. Sorrentino
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Ralph J. Sorrentino
Executive Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
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99 TCI Music, Inc. Press Release issued May 5, 1999.
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Exhibit 99
NEW YORK--(BUSINESS WIRE)--May 5, 1999--TCI Music, Inc. (Nasdaq SmallCap: TUNE
- - news; Nasdaq SmallCap: TUNEP-news) Wednesday announced that following the
acquisition of PRIMESTAR by Hughes Electronics Corp. on April 28, 1999, DMX's
digital music service was terminated from the programming provided to the former
PRIMESTAR subscribers.
As a result PRIMESTAR subscribers will no longer receive the DMX music service.
The company is in the process of analyzing its legal position and intends to
pursue all legal remedies available to it. This action will have no effect on
the company's residential and commercial subscribers who receive the DMX music
service through their cable operator or directly from DMX.
The company's gross revenues from PRIMESTAR subscribers in fiscal 1998 were
$3.76 million or approximately 4.45 percent of the company's gross revenues in
fiscal 1998. At this time, the DMX music service is not included in the
programming of any other DBS television programming distributor in the United
States.
TCI Music is a diversified music entertainment company delivering audio and
video music services to commercial and residential consumers via satellite,
television, the Internet and other methods.
TCI Music is composed of DMX LLC (DMX(R)) which programs, markets and
distributes the premium digital audio music service known as Digital Music
Express(R), the Box Worldwide, Inc. (The Box), which programs and distributes
the interactive music video television network The Box Music Network(R) and
SonicNet(R), a leading Internet music network consisting of a group of music Web
sites.
TCI Music is traded on the Nasdaq Small Cap Market through its Series A Common
Stock and Series A Convertible Preferred Stock under the symbols TUNE and TUNEP,
respectively.
CONTACT: TCI Music, Inc., New York
Ralph Sorrentino, 212/387-7700