Destiny's Proprietary Platform Will Provide Secure Distribution of UMG Pre-Release Digital Media NEW YORK and VANCOUVER, British Columbia, June 6
NEW YORK and VANCOUVER, British Columbia, June 6 /PRNewswire/ -- Universal
Music Group (UMG), the world's leading music company, and Destiny Media
Technologies (OTC Bulletin Board: DSNY) announced today that they have
expanded their digital media distribution services agreement to include UMG's
affiliates in Canada and Mexico. Under this multi-year agreement, Destiny
Media remains the primary, and only company-wide platform, for the global
distribution of UMG's pre-release digital media in North America.
"This agreement further expands UMG's ability to utilize Play MPE's(R)
digital distribution platform which replaces the costly traditional system of
delivering promotional CDs using couriers and express mail," stated Vincent
Freda, UMG's Executive Vice President, Digital Logistics and Business
Services. "Beyond its significant cost benefits, this system enhances our
control over unauthorized copying, shortens distribution lead times, and
provides superior data tracking."
"We are pleased that Universal Music Group has chosen to expand its
relationship with us. We've been working with their staff since our first
pilot in 2004 and we look forward to continuing to grow their usage both in
and outside of the United States," added Steve Vestergaard, CEO of Destiny.
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 Records 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
U.S.) and Universal Strategic Marketing (outside the U.S.). 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 Play MPE(R)
With over 21,000 users and over 83,000 songs from more than 1,000 record
labels, including Universal Music Group, EMI Music Group, Sony BMG and Warner
Music Group, Destiny's Play MPE(R) system is the most widely used digital
distribution system available to the recording and radio industries. Play
MPE(R) is a secure distribution system that features state-of-the-art
encryption to protect content while delivering high definition audio to users
in radio, marketing and media. A powerful promotional tool, Play MPE(R) also
allows record companies to distribute video, text and graphics including music
videos, CD covers, credits, lyrics, promotions, and other content. More
information on Play MPE(R) can be found at http://www.plaympe.com
About Destiny Media Technologies
Destiny (http://www.dsny.com) is a software development company which
provides tools that some of the world's largest media companies use to
distribute their content on the Internet. Products include Play MPE(R),
Clipstream(R) and Radio Destiny(TM).
"Safe Harbor" statement under the Private Securities Litigation Reform Act
of 1995: This release contains forward looking statements that are subject to
risks and uncertainties, including, but not limited to, the impact of
competitive products and pricing, product demand and market acceptance, new
product development, reliance on key strategic alliances, availability of raw
materials, the regulatory environment, fluctuations in operating results and
other risks detailed from time to time in the Company's filings with the
Securities and Exchange Commission.
Contact:
Maria Ho-Burge
Universal Music Group
212.331.2569
SOURCE Universal Music Group
