///Corporate

UNIVERSAL MUSIC, CONCORD MUSIC GROUP SIGN INTERNATIONAL LICENSE AGREEMENT

New pact covers diverse artist roster, historic music catalogues; First releases are John Fogerty/Creedence, Isaac Hayes albums



BEVERLY HILLS/LONDON, January 25, 2006 – America’s pre-eminent independent record company, Concord Music Group, and the world’s largest music company, Universal Music Group, have forged an international distribution and licensing agreement, designed to extend the reach and popularity of Concord’s diverse roster of artists and historic music catalogue. This alliance brings Concord together with Universal Music Group International, the division that manages UMG’s businesses in countries outside of North America. UMG has been distributing Concord in North America since July 2004.

The new Concord/UMGI pact will lead to recordings by such diverse artists as John Fogerty, Peter Cincotti, Sergio Mendes, Isaac Hayes, Chick Corea, and Curtis Stigers being marketed and distributed by Universal Music Group International. The first albums for release under the agreement include “The Long Road Home,” the ultimate John Fogerty/Creedence Clearwater Revival collection, and “Ultimate Isaac Hayes – Can You Dig It?,” a 32-track journey through the most celebrated Stax Records work of this Memphis music legend.

The pact also covers Concord Music Group’s vast catalogue of historic recordings from such iconic American record labels as Fantasy, Prestige, Riverside, Specialty, Milestone, and Stax. Landmark releases by Miles Davis, Tony Bennett, Little Richard, Cannonball Adderley, Sarah Vaughan, Dave Brubeck, Oscar Peterson, the Staple Singers, Rosemary Clooney, Chet Baker, and Booker T. & the MGs, among others, will be made available through Universal Music Group International. The distribution and licensing agreement between Concord Music Group and UMGI covers the majority of Concord's recordings and takes immediate effect in most territories.

“We are honoured to expand our relationship with Universal through this new arrangement with UMGI,” said Glen Barros, President and CEO of Concord Music Group. “The sensational team members of UMGI, like their counterparts in North America, are committed to giving their full support to music of all genres and to simply being the best at what they do. It’s really impressive to see just how focused they are, especially considering that they’re the largest music company in the world. It’s also very exciting to know that this partnership will greatly expand the global awareness for our artists and our catalogue.”

Max Hole, Executive Vice President, Marketing and A&R, at Universal Music Group International, commented, "Concord has artists of superior talent and range on their roster, which is why we're so pleased to be in business with them around the world. And when you consider that the company is not only a force in contemporary music, but also embraces the heritage of such classic labels as Stax, Fantasy, Specialty, and Riverside, this partnership is the best that anyone could imagine. I know a lot of people in our companies around the globe can't wait to get going with these artists and these catalogues."

Chris Roberts, President, Universal Classics & Jazz International, said, "Concord Music Group is home to a number of the most dynamic artists in jazz, and many of the most storied catalogues in the genre's history. This is an exciting moment for Universal Classics & Jazz to be in partnership with them, to help bring that artistry to new audiences worldwide."

About Concord Music Group

Concord Records merged with Fantasy, Inc. in 2004 to create the Concord Music Group, strengthening its pre-eminent position as one of the largest independent record companies in the world and keeper of an extraordinarily rich and, in many cases, historically significant catalogue of recordings. They include titles from some of the most admired and enduring names in music, including Rosemary Clooney, John Coltrane, Creedence Clearwater Revival, Miles Davis, Ella Fitzgerald, Isaac Hayes, Little Richard, Thelonious Monk, Tito Puente, Dave Brubeck, George Shearing, Ray Brown, Oscar Peterson and Mel Torme. The group's current roster of world-class artists includes: Karrin Allyson, Regina Belle, Peter Cincotti, Michael Feinstein, Nnenna Freelon, John Fogerty, LaToya London, Sergio Mendes, Ozomatli, Eddie Palmieri, The Rippingtons, Sonny Rollins and Poncho Sanchez. Late last year, Concord acquired Telarc International, renowned for their roster of artists including Tierney Sutton, John Pizarrelli, Ladysmith Black Mambazo and Spyro Gyra.

About Universal Music Group

Universal Music Group is the world's largest music company with wholly owned record operations or licensees in 75 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 catalogue 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.

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