///Corporate

UNIVERSAL MUSIC MEXICO SIGNS AGREEMENT WITH WALT DISNEY’S BUENA VISTA MUSIC GROUP

November 18, 2005 - Universal Music Mexico (UMM), a division of Universal Music Group (UMG), the world’s leading music company, and the Walt Disney Company’s Buena Vista Music Group which includes Hollywood Records, Walt Disney Records, Lyric Street Records and Mammoth Records announced today that they have signed an exclusive multi-year distribution agreement to represent Disney’s extensive recorded music catalog throughout the entire Latin American region.

UMM/UMG and Disney will partner to offer Buena Vista’s unique and extremely popular music repertoire including all of the Disney’s labels’ frontline releases, which incorporates a stable of multi-platinum pop, rock and country albums. This includes the latest platinum pop artist Hilary Duff, Most Wanted, which entered the US charts at number one.

The Disney roster continues to grow, with several platinum artists currently signed to the Hollywood Records label such as Jesse McCartney (whose most recent album is Beautiful Soul), rock band Breaking Benjamin, legendary Grammy Award-winning Mammoth Records’ artists Los Lobos and Lyric Street’s country sensations Rascal Flatts. Also on the Hollywood roster are rising stars Aly & AJ and Elefant.

The agreement will also encompass the full Disney catalog of music from over 75 years, including all-time favorite soundtracks like Snow White, Mary Poppins, The Lion King, Tarzan and Toy Story. Already scheduled for release this autumn are Disney soundtracks for The Chronicles of Narnia: The Lion, the Witch and the Wardrobe and Chicken Little (which includes three new recordings by Alejandro Lerner).

We have had a long and prosperous relationship with Bob Cavallo and the entire Buena Vista Music Group team for many years now in North America, stated Zach Horowitz, UMG’s President & Chief Operating Officer. We are delighted to expand our relationship further, and look forward to helping Buena Vista build upon the success that it has already achieved in the growing Latin music market.

The Buena Vista Music Group has had a strong presence in the Latin American market for many years, commented Jesus Lopez, UMG’s Chairman of Latin America & Iberian Peninsula. And we look forward to working with their incredible team of executives to lay the groundwork for an even stronger presence for their artists and catalog in the region.

Mexico has become one of Disney's strongest selling territories and we are delighted to have the opportunity to work with such dynamic artists as Hilary Duff and Jesse McCartney, among many others, added Fabio Alvarez, General Manager Universal Music Mexico. We see terrific opportunities, especially for Disney's unmatched children's product.

Buena Vista Music Group’s Chairman Bob Cavallo said, Zach Horowitz and his team have been pioneers in growing the Latin music market and we look forward to working closely with them in this region.

Buena Vista Music Group’s Executive Vice President and General Manager David Agnew added, Jesus and Fabio have worked tirelessly to promote many genres of music in Latin America. Their enthusiasm in embracing our roster of artists and wealth of catalog is truly exciting.

About Universal Music Group

Universal Music Group is the world’s largest music company with wholly owned record operations or licensees in 77 countries. Its businesses also include Universal Music Publishing Group, one of the industry’s largest global music publishing operations.

Universal Music Group consists of record labels Decca Music Group, Deutsche Grammophon, Interscope Geffen A&M Records, Geffen Records, Island Def Jam Music Group, Lost Highway Records, Machete Music, MCA Nashville, Mercury Nashville, Mercury Records, Philips, Polydor Records, Universal Music Latino, Universal Motown Records Group, 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 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, a new media and technologies division, and Universal Music Mobile.

Universal Music Group is a unit of Vivendi Universal, a global media and communications company.

About Buena Vista Music Group

The Buena Vista Music Group encompasses all of the Walt Disney Company’s recorded music and music publishing operations, including Hollywood Records, Walt Disney Records, Lyric Street Records, Mammoth Records and Walt Disney Music Publishing.

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