Digital Music Group Announces New Music Content Acquisitions
Digital Music Group Announces New Music Content Acquisitions
SACRAMENTO, Calif., Aug. 8 /PRNewswire-FirstCall/ -- Digital Music Group, Inc. (NASDAQ:DMGI), a content owner and distributor of digital music recordings focused on past-hits, out-of-print, back catalog, and independent label recordings, today announced three new long-term distribution agreements, consisting of over 6,000 tracks in total, with independent record labels. Under the terms of the long-term digital distribution agreements signed with each company, DMGI will distribute their respective catalogs to online music stores worldwide. Additionally, DMGI announced agreements with a number of individual artists, each with their own history of creating chart-topping records.
The three music catalogs under long-term distribution agreements are: Fuel 2000 Records:
* Fuel 2000 Records is a label that specializes in contemporary
recordings of such heritage rock artists as Jethro Tull, Bill Wyman and
Pat DiNizio. Fuel 2000 Records also controls several historic
catalogs, and it has marketed numerous reissue titles and compilations.
* Tone Casualties Records: Over the past 10 years, Tone Casualties
Records has amassed a catalog of electronic, atmospheric titles by such
boundary-breaking artists as Holger Czukay, Laurent Brondel, Gabor
Csupo, Controlled Bleeding and many more.
* Roadshow Records: Roadshow Records is a heritage R&B, funk and disco
label that began in the 1970s with recordings by B.T. Express,
Enchantment, Brass Construction and other artists. This catalog
includes the Billboard Magazine top 5 hit "Do It ('Til Your
Satisfied)," among others.
Additionally, DMGI announced agreements with the following recording artists:
* Roger Hodgson: Roger Hodgson is the distinctive former vocalist of
Supertramp. His newest album is titled Rites of Passage and includes
live versions of the top Supertramp hits and favorites including "Give
a Little Bit," "The Logical Song," "Take The Long Way Home," and "In
Jeopardy."
* Dwight Twilley: Dwight Twilley's new live album All Access contains 18
of his finest songs from the past 30 years, including his hits, "I'm on
Fire," "Girls," and "Why You Wanna Break My Heart," as well as Twilley
favorites including "TV," "Somebody To Love," and "10,000 American
Scuba Divers Dancing."
* Ron Dante: Ron Dante is the voice of the Archies' "Sugar Sugar" and
numerous other sunny hits. Mr. Dante continues in his quest to craft
the perfect pop record on his forthcoming album, California Summer,
which features Bruce Johnston & the Beach Boys.
"We're pleased to announce these new long-term distribution agreements and our affiliation with such quality record labels and artists," said Mitchell Koulouris, Chief Executive Officer of DMGI. "We continue to build our content acquisition pipeline and finalize agreements with a number of labels and artists around the world."
Additionally, DMGI intends to release portions of these catalogs through ringtone, mastertone, and over-the-air download sales channels as they are added as part of the Digital Music Group distribution network.
About Digital Music Group, Inc.
Founded in 2005, Digital Music Group, Inc. (NASDAQ:DMGI) is focused on helping consumers worldwide to experience more music, in more ways. Digital Music Group acquires the digital rights to music recordings and processes these recordings into digital format for distribution to online music stores such as the iTunes Music Store, MSN Music, RealNetworks, Napster, Wal-Mart Music and Yahoo! Music, where they are available for purchase by consumers via downloading. For more information, please visit www.dmgi.com.
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 distribution of the Fuel 2000 Records, Tone Casualties Records, Roadshow Records, Roger Hodgson, Dwight Twilley, and Ron Dante catalogs and making these catalogs available in the current and future digital channel) 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 to make the digital albums 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.
Press Contact
Digital Music Group, Inc.: Anders Brown, Chief Operating Officer,
Telephone: (916) 239-6010 x2504
Allen & Caron Inc.: Len Hall, VP Media Relations,
Telephone: (949) 474-4300,
e-mail: Len@allencaron.com
Investor Relations Contact
Digital Music Group, Inc.: Karen Davis, Chief Financial Officer,
Telephone: (916) 239-6010 x2505
Allen & Caron Inc.: Jesse Deal, Account Manager,
Telephone: (212) 691-8087,
e-mail: Jesse@allencaron.com
Source: Digital Music Group, Inc.
CONTACT: Anders Brown, Chief Operating Officer, ext. 2504, or Investor
Relations, Karen Davis, Chief Financial Officer, ext. 2505, both of Digital
Music Group, Inc., +1-916-239-6010; or Len Hall, VP Media Relations,
+1-949-474-4300, Len@allencaron.com, or Investor Relations, Jesse Deal,
Account Manager, +1-212-691-8087, Jesse@allencaron.com, both of Allen & Caron
Inc., for Digital Music Group, Inc.
Web site: http://www.dmgi.com/
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