WinSonic and Blue Pie Expand Their Services Agreements
WinSonic and Blue Pie Expand Their Services Agreements
The new agreement enhances revenue sharing and establishes the new WinSonic Digital Store, Source Code Library and Digital Entertainment Content Libraries for the North American markets.
ATLANTA, Sept. 9 /PRNewswire-FirstCall/ -- WinSonic Digital Media Group, Ltd. (the "Company") (BULLETIN BOARD: WDMG) announced today the signing of an extended services agreement with Blue Pie Productions Pty Ltd., a privately held Australian company engaged in digital distribution of software, music, video games, video and movies.
The new extended services agreement provides WinSonic with a new "WinSonic branded" digital store to launch WinSonic's rapidly expanding digital content library and along with Blue Pie's extended digital content libraries the WinSonic store will have over 5M tracks available for customers to download and enjoy.
The WinSonic store features some of the greatest entertainers and artists from the past 50 years to current along with over 14,000 labels from all over the world. Content will increase as WinSonic and Blue Pie acquires more digital music and/or WinSonic Digital Cable Systems Network supplies additional music, video games, video and movies for inclusion in the catalogue. In addition to the extended new services the agreement provides for:
-- Blue Pie acquires equity stake in WinSonic Digital Media Group, Ltd.
-- Blue Pie to include a library of digital entertainment content of over 5 Million music files, over 5000 digital video files, 10,000 mobile games, social networking products, data mining systems & tools as well as a source code library of proprietary software.
-- Hosting and data management services, and maintenance of the new store from the Australian and USA Blue Pie and WinSonic data centers.
-- WinSonic digital ready services and my digital music store launch with up to 1,000,000 tracks of WinSonic owned/controlled catalogue.
-- Enhanced revenue sharing and contracts.
-- WinSonic's current agreement has been extended to a global rights agreement to represent the Blue Pie and Blue Vault Digital product lines and digital entertainment catalogs. The current rights exclusive rights agreement will be converted to a non exclusive license to sell the Blue Pie product lines globally.
-- Blue Pie and WinSonic have agreed to limit the market for North America to 3 license holders only. In the event WinSonic's sales targets are met within the first twelve months of operation the license agreement reverts to being exclusive with WinSonic managing all license holders from that point on.
About the new extended services agreement:
The agreement provides Blue Pie with a direct doorway to the U.S. and Canadian markets. WinSonic will be the processing and management face for all things Blue Pie. WinSonic and their Atlanta base will become the " hub " for all things Blue Pie for North America.
WinSonic and Blue Pie are excited about existing opportunities and have commenced discussions with several fortune 500 companies to build digital entertainment channels, providing access to both companies expanding content libraries.
Blue Pie has a sales team working in the USA led by Mr. Jon Taber -- Director of Business Development for North America. Under the new agreement both Blue Pie and WinSonic will combine sales efforts and pool resources including administration and management systems to process and manage all sales. Blue Pie has an extensive sales channel and has secured a number of lucrative systems development and digital entertainment software development contracts with several joint venture agreements being completed in the past 30 days for digital entertainment products to be sold with various hardware, MP3, and MP4 players. Discussions are underway with some of the largest retailers in the US market today. WinSonic will assume day-to-day management of all customer relationships as well as representation of all of Blue Pie's proprietary offerings in North America.
As Blue Pie's CEO Mr. Damien Reilly says:
'This is an extremely exciting time for our company. We have been a part of the Export Market Development Program with Austrade now for the past 4 years and it has been through the help of organizations like Austrade and the EMDG program that new markets like this can be developed. For emerging exporters like Blue Pie and our partners, this represents a great opportunity that will see long-term commercial opportunities developed for many Australian artists. This will provide commercialization of our artists and content rights into the greater North American markets. This agreement will also provide similar opportunities for many US and Canadian artists. We look forward to a very bright future with WinSonic.'
As WinSonic's CEO Mr. Winston D. Johnson says:
'I am delighted that we have been able to partner with a great company like Blue Pie. This agreement provides new opportunities for increased revenue for our company. This agreement now provides the store we need to launch product sales now and new job opportunities in Atlanta. We will expand our combined catalogues by seeking new commercial opportunities with our existing contracts. Both companies share common values with the desire to help develop new, emerging catalogs. We are extremely pleased that our two companies have been able to put this agreement together and look forward to many long years of success.'
ABOUT WINSONIC: (STOCK SYMBOL: WDMG, OTCBB)
WinSonic Digital Media, Ltd., is a Nevada corporation headquartered in Atlanta, Georgia (WinSonic or 'the Company'), is a digital media distribution company that owns, develops, manages, and distributes digital content.
The Company has communication licenses, rights and agreements that allow it to cost effectively and reliably deliver its products and services. WinSonic's library of digitally formatted music, video, print and other media is made available to its customers through innovative web based browsers and distribution platforms. In addition, the Company provides high-end consulting in the areas of digital media production and content distribution and related network implementation, integration and communications services.
WinSonic's legacy began in the early 1980's when CEO, Mr. Winston Johnson founded WinSonic Enterprises and several affiliated companies ('WE') to provide contract production, digital, and technology services to the music, film and recording industry. Prominent artists and corporate clients included James Ingram, Maurice Starr, Michael Jackson, Barbra Streisand, Kenny Rogers, Stevie Wonder, Motown, Sony, MCA, Warner Brothers, A&M and many more. As a result of these entertainment industry relationships, WinSonic has a rapidly expanding digital entertainment content library and master library.
ABOUT BLUE PIE:
www.bluepie.com.au
Blue Pie Productions is an Australian privately owned new media company with expertise in technology and new media, to maximize returns from the new, global Internet-based digital entertainment business. The company commenced operations in 1996 and has been at the forefront of the emerging digital entertainment markets ever since.
We are:
-- A Record Label -- The Record label is called ' Blue Pie ' see
www.bluepie.com.au
-- A Publishing House -- The Publishing business is called ' Blue Pie
Publishing '
-- A media shop -- The Media shop is called ' Magic Blue Media '
www.magicbluemedia.com
-- A creative entertainment house -- The Creative House is called ' Magic
Blue Creative ' www.magicbluecreative.com
Blue Pie, the record label, is the embodiment of Damien Reilly's years of experience with the Internet and the music business. It has grown into a digital record label with a wide range of alliance-partnerships, which it calls upon to create digital delivery systems quickly and cost effectively. The label represents over 14,000 labels worldwide.
Blue Pie's artists include Peter Noone, Oohlala, Belasco, Marvel, Alexx Calise, the Bleed, Sheva, MLU, Burning the Day, Erik Simins, and Sahra to name a few.
About WinSonic Digital Media Group, Ltd.
WinSonic Digital Media Group, Ltd. is a facilities-based media distribution solutions company with a distinctive video transport concept that enables users to view, interact, and listen to all types of audio, online video, and digital TV, in full-screen format, at high speeds, superb quality, and greatly reduced costs, while reducing the need for expensive high-speed connections.
Statements in this press release are certain statements which are not historical or current fact and constitute 'forward-looking statements' within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such forward-looking statements including, but not limited to, our aggressively focus on customer growth and leveraging its relationships with major corporations into revenue growth opportunities, based on our best estimates of future results, performance or achievements, based on current conditions and the most recent results of the company. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms 'may,' 'will,' 'potential,' 'opportunity,' 'believes,' 'belief,' 'expects,' 'intends,' 'estimates,' 'anticipates' or 'plans' to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission. Consequently, all of the forward- looking statements made in this press release are qualified by these cautionary statements and there can be no assurance that the actual results anticipated by the company will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the company or its business or operations.
Source: WinSonic Digital Media Group, Ltd.
CONTACT: Winston D. Johnson, CEO of WinSonic Digital Media Group, Ltd.,
+1-404-230-5705 ext 2233, winston@winsonic.net
Web site: http://www.winsonic.net/
http://www.magicbluecreative.com/
http://www.bluepie.com.au/
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