Universal Music Group International Signs Agreement With Qtrax Digital Music Service

< BACK TO MUSIC starstarstarstarstar   Culture - Music Press Release
15th October 2008, 11:43am - Views: 815










 

Universal Music Group International Signs Agreement With Qtrax Digital Music Service


NEW YORK, Oct. 15 /PRNewswire-AsiaNet/ --


    Universal Music Group International, a division of Universal Music Group, the world's leading

music company and Qtrax, today announced a licensing deal covering Europe, Asia/Pacific, South

America & Africa. This deal follows a similar recent agreement with Universal Music Group for

North America. 


    Qtrax showcases an ad-supported delivery model that easily and accurately directs revenue

back to artists and rights holders.  Users who download and install the Qtrax client will soon be

able to use it to search for, discover and listen to a colorful and diverse catalog of high-quality

digital music files numbering in the millions.  Qtrax will monetize the experience by selling

sponsorships and advertising displayed during the search and download processes.  Additionally,

users will have the option to purchase music and related items throughout the Qtrax interface.   


    "UMG is the largest music company in the world and has shown great vision and leadership in a

landscape that is rapidly changing," said Allan Klepfisz, Chairman and CEO of Brilliant

Technologies Corporation. "We are thrilled that Universal has chosen to lead the way forward with

us internationally soon giving music fans everywhere access to UMG's tremendous music

catalogue." 


    About Universal Music Group 

    Universal Music Group is the world's leading music company with wholly owned record

operations or licensees in 77 countries. Its businesses also include Universal Music Publishing

Group, the industry's leading global music publishing operation.


    Universal Music Group's record labels include Decca, Deutsche Grammophon, Disa, Emarcy,

Fonovisa, Interscope Geffen A&M Records, Island Def Jam Music Group, Lost Highway Records,

Machete Music, MCA Nashville, Mercury Nashville, Mercury Records, Philips, Polydor Records,

Universal Motown Republic Group, Universal Music Latino, Universal Records South, and Verve

Music Group as well as a multitude of record labels owned or distributed by its record company

subsidiaries around the world. The Universal Music Group owns the most extensive catalog of

music in the industry, which includes the last 100 years of the world's most popular artists and their

recordings. UMG's catalog is marketed through two distinct divisions, Universal Music Enterprises

(in the US) and Universal Strategic Marketing (outside the US). Universal Music Group also

includes eLabs, its new media and technologies division; Bravado, its merchandising company;

Twenty-First Artists, its full service management division; and Helter Skelter, its live music agency. 


    Universal Music Group is a unit of Vivendi, a global media and communications company.



    Qtrax is the world's first free and legal peer-to-peer music service and showcases an innovative

ad-supported downloading model that easily directs revenue back to artists and rights holders.

Qtrax is the first free and legal P2P to be embraced by the music industry. Qtrax has successfully

signed licensing deals with major labels, music publishers and leading indies, including: EMI

Music, EMI Publishing, Warner Music Group, Warner Chappell, Sony/ATV Publishing, Universal

Music Group, Universal Publishing, TVT Records, Beggars Banquet and more.  Qtrax will soon

provide fans with access to a colorful and diverse catalog with millions of high-quality, high-fidelity

Culture Music Qtrax 2 image

digital music files. Based in New York City, Qtrax is a subsidiary of Brilliant Technologies

Corporation (Other OTC: BLLN), a publicly traded technology holding company.


    Safe Harbor

    This announcement contains express or implied forward-looking statements which involve

known and unknown risks and uncertainties that could cause actual results to differ materially from

those suggested, including but not limited to risks identified and discussed in company filings with

the Securities and Exchange Commission. These forward-looking statements are based on

information and management's expectations as of the date hereof and future results may differ

materially from expectations and the company disclaims any obligation to update them except as

required by law.


SOURCE:  Qtrax

 

    CONTACT:  Shamin Abas

              +1-917-494-9288, for Qtrax; or 


              Peter Lofrumento

              +1-212-331-2585, for Universal Music

    

    Web site:  http://www.qtrax.com  

              (BLLN BLLN.PK)


To view this and other AsiaNet releases please visit http://www.asianetnews.net






news articles logo NEWS ARTICLES
Contact News Articles |Remove this article