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Tuesday, October 14, 2008
Universal Music Group International Signs Agreement With Qtrax Digital Music Service
Comtex
NEW YORK, Oct 14, 2008 (PR Newswire Europe via COMTEX) ----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.
About Qtrax ( www.qtrax.com )
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 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.
Web site: http://www.qtrax.com
Shamin Abas, +1-917-494-9288, for Qtrax; or Peter Lofrumento, +1-212-331-2585, for Universal Music
Copyright (C) 2008 PR Newswire Europe
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