"Digital Music Group continues to build its music catalog with world-class content," said Mitchell Koulouris, Chief Executive Officer of DMGI. "The transactions announced today underscore our continued commitment to expanding our catalog with high-quality repertoire from the world's best independent labels."
The three new music catalogs under long-term distribution agreements include:
* Music for Little People: A high-quality, award-winning children's music label designed for people turned off by standard commercial kiddie fare, with children's albums that feature such artists as Taj Mahal, Maria Muldaur, Los Lobos, Ladysmith Black Mambazo, Shelley Duvall, and many others. * DM Records: Features the catalog of Ichiban Records, an Atlanta-based label that specialized in blues and Muscle Shoals-style soul, with such acts as Clarence Carter, Ben E. King, Millie Jackson, Roy Ayers, Slave, and others. The catalog also includes alternative rock labels Sky and Naked Language, with such acts as Pylon, The Swans, Moe Tucker, Flat Duo Jets, Dash Rip Rock, the Fleshtones and others, and whip-hop label WRAP, which features MC Breed, DJ Smurf, Treacherous Three and more. * The Cryptic Corporation: This catalog contains a number of audio and visual recordings by noted avant-garde band The Residents. The catalog features Residents classics such as Fingerprince, Our Finest Flowers, Demons Dance Alone, Have a Bad Day, Roadworms, RMX, The King & Eye, George & James, Stars & Hank Forever, The Mole Show Live, 13th Anniversary Show Live: Tokyo, Cube E Live and Wormwood Live. Also featured in the catalog are numerous music videos including versions of Wormwood Live, Eskimo and dozens of Residents classic tracks.
DMGI also announced the signing of four new independent labels to short-term distribution agreements through its subsidiary, Digital Rights Agency (DRA). The labels signed to new short-term distribution agreements include:
* DRT Entertainment: An independent record label founded in 2003 by Derek Shulman, Ron Urban and Theodore Green. DRT's artist roster includes: Artimus Pyledriver, Blindside, Clutch, GWAR, Gentle Giant, Lynam, Soil, Powerman 5000 and The Rasmus. The label also re-masters and re-releases older material from their artists. Last year, they re-released "35th Anniversary" editions of many albums by Shulman's former band, Gentle Giant. * ProgRock Records: ProgRock Records' roster includes new, developing artists as well as established artists, including Planet P (featuring Tony Carey), Oliver Wakeman (son of Yes' Rick Wakeman), Ajalon, and Erik Norlander. * Takeover Records: Formed by the members of the multi-platinum band, Yellowcard, Takeover Records is an alternative/punk rock label based in Long Beach, California. Takeover Records features albums from such alt-rock stalwarts as Yellowcard, Hey Mike!, and Bracket. * FILMguerrero: Formed by John Askew in the late 1990's as a means to release the music of his friends and close associates, the label has never strayed from its original intent of creating a strong visual aesthetic to complement the "cinematic element" of the music Askew so admires. About Digital Music Group, Inc.
Digital Music Group is a trademark of Digital Music Group, Inc. Other names mentioned herein are the property of their respective owners.
Forward-Looking Statements
This release contains forward-looking statements (including, without limitation, information regarding Digital Music Group's digital distribution agreements for the Music for Little People, DM Records, Cryptic Corporation, DRT Entertainment, ProgRock Records, Takeover Records, and FILMguerrero catalogs) that involve risks and uncertainties that could cause the results of Digital Music Group to differ materially from management's current expectations. Actual results may differ materially due to a number of factors including, among others: unforeseen difficulties assembling the digital albums; potential changes in consumers' tastes and preferences in music; and our dependence on the iTunes Music Store and other online music stores and mobile channel partners to make the digital music available for purchase by consumers. The matters discussed in this press release also involve risks and uncertainties described in Digital Music Group's most recent filings with the Securities and Exchange Commission. Digital Music Group assumes no obligation to update the forward-looking information contained in this release.
Digital Music Group, Inc.
