UOMO Media Renews Universal Distribution Deal
April 24 2013 - 4:45PM
Marketwired
UOMO Media Inc. (OTCBB:UOMO), a multi-channel media and
entertainment company, is pleased to announce today that its
Recorded Music Division, UOMO Records, has renewed its distribution
deal with Universal Music Canada Inc.
With this deal, Universal Music is the exclusive distributor of
UOMO Media's music based content from its Recorded Music Division
and independent record label. Universal Music will continue to
manage the sales, marketing and distribution of UOMO's growing
catalogue of music and artists. UOMO's products will be promoted
and distributed over a wide array of services and platforms
including digital, physical, streaming, subscription and mobile.
Universal has been the industry market share leader for the past
fifteen years.
Mr. Camara Alford, CEO and Chairman of UOMO Media comments,
"Over the last 12 months we have been diligently reassessing all of
our industry alliances and I am very proud to be extending our
relationship with Universal Music - one of the true global leaders
in multi-platform media distribution. Universal Music and UOMO will
work closely together with the shared goal of maximizing the
potential of UOMO's catalogue and further expanding on our
successful partnership. I look forward to continuing to work with
our partners at Universal Music as we collaborate and release new
and exciting projects together in the coming months."
Previous releases through this venture have garnered certified
Gold and Platinum records, Number 1 Videos, and a MMVA Video of the
Year award.
Nielsen SoundScan and Nielsen BDS, the entertainment industry's
leading data information systems, announced that total music
purchases (Physical Albums, Digital Albums and Digital Songs) are
at an all-time high, surpassing 1.65 billion units in 2012, up 3.1%
vs. 2011 driven by digital music sales, which continues to be a key
growth element within the market. Within this figure, Universal
Music Group leads the market share commanding over 32.41% of total
album sales.
Further, IFPI's recently-released Recording Industry in Numbers
2013 reports that music subscription services are seeing rapid
growth. Music subscription and ad-supported streaming services now
account for 20% of digital revenues globally, up from 14% in 2011.
These facts show the music industry has not only adapted to the
Internet and monetized the digital marketplace. Music is driving
technology, helping sell devices, fuelling economic growth with a
ripple effect far beyond the limits of the recorded music
market.
About Universal Music Group
Universal Music Group is the global music leader, with wholly
owned operations in 60 territories. Its businesses also include
Universal Music Publishing Group, one of the industry's premier
music publishing operations worldwide.
Universal Music Group's record labels include A&M/Octone,
Angel, Astralwerks, Blue Note, Capitol Records, Decca, Def Jam
Recordings, Deutsche Grammophon, Disa, Emarcy, Fonovisa, Geffen
Records, Interscope Records, I.R.S., Island Records, Lost Highway
Records, Machete Music, Manhattan, MCA Nashville, Mercury
Nashville, Mercury Records, Motown Records, Polydor Records,
Republic Records, Universal Music Latino, Verve Music Group and
Virgin Records, 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 catalogue of
music in the industry, which includes the last 100 years of the
world's most popular artists and their recordings. UMG's catalogue
is marketed through two distinct divisions, Universal Music
Enterprises (in the U.S.) and Universal Strategic Marketing
(outside the U.S.). Universal Music Group also includes Global
Digital Business, its new media and technologies division and
Bravado, its merchandising company.
Universal Music Group is a fully owned subsidiary of
Vivendi.
About UOMO Media Inc.
UOMO Media Inc. is a multi-channel entertainment company that
acquires, produces, and manages media content. UOMO integrates
existing and well-established revenue streams in recorded music,
publishing, and talent management through its five operating
divisions: UOMO Digital Solutions, UOMOLife (including AdUOMO),
UOMO Recorded Music, UOMO Talent Management, and UOMO Publishing.
For more details please visit www.uomomedia.com or
www.uomolife.com.
Contacts: UOMO Media Inc. Telephone Main: (416) 368-4400
www.uomomedia.com
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