LONDON and NEW YORK, NY -- 09/08/08 --
EMI Music and Warner Music Group
Corp. (NYSE: WMG) announced today a new marketing and distribution
partnership in South East Asia, building on the companies' existing
relationship in India, the Middle East and North Africa.
Under the multi-year license agreement, Warner Music Group will market and
distribute EMI's worldwide repertoire in Hong Kong, Indonesia, Malaysia,
Singapore, Korea and Thailand. WMG will serve as the exclusive local
physical and digital distributor of all EMI Music releases. EMI will
continue to develop global digital partnerships which will include these
territories.
The two companies already enjoy a successful partnership in India, the
Middle East and North Africa, where EMI has marketed and distributed Warner
Music's physical product since 2005.
Lachie Rutherford, President of Warner Music Asia Pacific, said, "We are
extremely pleased to be expanding our relationship with the talented team
at EMI and to have access to their outstanding artist roster and catalog.
For WMG artists, this has meant being able to utilize EMI's first-rate
infrastructure in parts of the world where our presence has been
historically limited. Meanwhile EMI's artists will now be able to fully
leverage our South East Asian operations, specifically our marketing teams
and vast distribution network of traditional retail, wireless and online
partners, through which we have seen great success in recent years."
Adrian Cheesley, EMI Music's President - Asia Pacific/Latin America, said,
"This collaboration allows EMI Music and Warner Music to leverage each
other's resources locally to the mutual benefit of our artists and our
business. In South East Asia, EMI will retain a small regional team in
Hong Kong to oversee the local marketing and distribution of our artists'
music, working closely with Lachie and his excellent team."
The financial terms of the agreement were not disclosed.
About EMI Music
EMI Music is the recorded music division of EMI Group Limited, one of the
world's leading music companies. EMI Music represents artists spanning all
musical tastes and genres. Its record labels include Angel, Astralwerks,
Blue Note, Capitol, Capitol Nashville, EMI Classics, EMI CMG, EMI Records,
EMI Televisa Music, Manhattan, Mute, Parlophone and Virgin. Artists on EMI
labels include Lily Allen, The Beatles, Coldplay, Corinne Bailey Rae,
Gorillaz, Hot Chip, Norah Jones, The Kooks, Korn, Kylie Minogue, Katy
Perry, Pink Floyd, Joss Stone, KT Tunstall, Keith Urban and Robbie
Williams.
About Warner Music Group
Warner Music Group became the only stand-alone music company to be publicly
traded in the United States in May 2005. With its broad roster of new stars
and legendary artists, Warner Music Group is home to a collection of the
best-known record labels in the music industry including Asylum, Atlantic,
Bad Boy, Cordless, East West, Elektra, Lava, Nonesuch, Reprise, Rhino,
Roadrunner, Rykodisc, Sire, Warner Bros. and Word. Warner Music
International, a leading company in national and international repertoire,
operates through numerous international affiliates and licensees in more
than 50 countries. Warner Music Group also includes Warner/Chappell Music,
one of the world's leading music publishers, with a catalog of more than
one million copyrights worldwide.
For further information contact:
For EMI:
Amanda Conroy
Tel: +44 2070 795 7529
Email: Email Contact
Jeanne Meyer
Tel: +1 (212) 786 8850
Email: Email Contact
For Warner Music Group:
Media Inquiries:
Will Tanous
Tel: +1 (212) 275-2244
Email: Email Contact
James Steven
Tel: +44 (207) 368 2572
Email: Email Contact
Investor inquiries:
Jill Krutick
Tel: +1 (212) 275-4790
Email: Email Contact
