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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Wednesday, July 23, 2008
UOMO Media's Random Music deliver for Minogue's Hits Collection
Comtex
TORONTO, Jul 23, 2008 (BUSINESS WIRE) ----UOMO Media Inc. (OTCBB: UOMO) a multi-channel entertainment and media company's writer/producer team Random Music, has written three songs on Dannii Minogue's album "Unleashed".
The singles "Spend Your Love On Me" and "Love Me Like This" were written by Dannii Minogue and Hugo Lira, N Negin Djafari, Thomas Gustafsson of Random Music. "Going Going Gone" was written by Random's Hugo Lira , Ian-Paolo Lira, Negin Djafari, and Dannii Minogue.
The latest hits collection by Dannii Minogue is a compilation containing unreleased tracks and remixes chosen by the popular Australian dance-pop singer. Commenting on the album's release, Minogue said that "this album is about my personal favorites - bringing you the best unreleased material, including club mixes that were number one and songs I've written with my favorite producers around the world."
The Swedish-based songwriters of Random Music have been responsible for a string of international hits in the US, Australia, Japan, France, Germany and several other countries. In June of 2008, Random Music signed an exclusive management agreement with UOMO Media.
About UOMO Media Inc.
UOMO Media Inc. is a multi-channel entertainment company that acquires, produces, and manages intellectual media content and digital assets. UOMO integrates existing and well-established revenue streams in recorded music, publishing, talent management and distribution through its four operating divisions: UOMO Digital, UOMO Recorded Music, UOMO Talent Management, and UOMO Publishing. PricewaterhouseCoopers estimates that by 2011, the global media and entertainment industry will be worth US$ 2 trillion. www.uomomedia.com
SOURCE: UOMO Media Inc.
UOMO Media Inc. Investor Relations Javed Mawji, 646-808-0685 ir@uomomedia.com www.uomomedia.com
Copyright Business Wire 2008
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