UNIVERSAL MUSIC GROUP SIGNS MUSIC DISTRIBUTION AGREEMENT WITH REDDOTNET
Coral Springs, FL, June 19, 2000 - RedDotNet, a leading provider of network and information services, and Universal Music Group (UMG), the world's largest music company, today announced that they have entered into a licensing agreement for digital distribution of Universal Music's catalog into retail stores nationwide via the RedDotNet proprietary system.
The RedDotNet system is a high-speed network connecting retailers to the company's digitized content servers via in-store stations, which enable consumers to preview in-depth information about music, enjoying streaming media (including sound samples and music videos) and ultimately purchase music. The stations are equipped with real-time manufacturing capabilities which can burn existing albums from the Universal catalog in CD format as well as print cover graphics and liner notes.
Eric Weisman, President and CEO of Alliance Entertainment Corp., the parent company of RedDotNet, stated: "We're pleased to partner with Universal Music Group with its rich catalog and extensive roster of artists. This agreement further solidifies RedDotNet as the leading provider of network and information services and continues to build upon our position as a leading provider of business-to-business commerce solutions to the home entertainment product marketplace."
"Our agreement with RedDotNet will allow us to make more of our music consistently available at retail," said Heather Myers, Executive Vice President of Universal Music group's GLOBAL e. "We are excited about using digital technology to provide innovative ways to enrich the experience of music consumers."
"We are pleased to add Universal Music Group, with the world's largest music catalog, as a partner to the RedDotNet system," said Tim Sexton, President of RedDotNet. "We are confident that our retailing customers will be excited about the enhanced product availability over our innovative broadband network."
"We are excited to be working with RedDotNet. Consumers will now be given unprecedented access to our incredible catalog of artists through RedDotNet's cutting edge retail network," said Chuck Shorter, Vice President and General Manager of Kiosks for GLOBAL e.
RedDotNet, an Alliance Entertainment company, is a leading provider of network and information services through the development of its proprietary RedDot Network. RedDotNet distributes digital entertainment content in a secure, high quality format to retail stores nationwide over its high-speed network connecting retailers to the Company's proprietary digital storage content repository. The RedDot stations enable consumers to preview in-depth information about music, enjoy streaming media (including sound samples and music videos) and ultimately purchase music. The RedDot station enables the consumer to purchase his/her selection by directing the consumer to the location in-store to find the album; digitally downloading and manufacturing the CD, on demand in-store; and/or electronically ordering the album for direct delivery to the consumer's home. Also, in the future the RedDot stations will permit consumers to digitally download selections to SDMI-compliant devices.
About Alliance Entertainment Corp.Alliance Entertainment Corp. (www.aent.com) is a leading provider of business-to-business commerce solutions to the home entertainment product marketplace. Through its Distribution and Fulfillment Services Group,Alliance offers an extensive product inventory (including CDs, cassettes,DVDs, videos, video games and related merchandise), e-commerce fulfillment capabilities and innovative technology and support services for today's marketplace. Through its Network and Information Services Group, Alliance isa leading distributor of digital entertainment content through RedDotNet's proprietary broadband network (www.reddotnet.com). In addition, Alliance is a leading provider of information services through the All Media Guide(AMG) databases. AMG's customers license its e-commerce enabling entertainment databases to support their Internet retailing businesses. AMGis also a developer of proprietary Web Sites for music (www.allmusic.com),movies (www.allmovie.com), and games (www.allgame.com).
About Universal Music Group
Universal Music Group is the world's leading music company with wholly-owned record operations or licensees in 59 countries around the world. Its recording labels include A&M Records, Decca Record Company, Deutsche Grammophon, Geffen Records, Interscope Records, Island Def Jam Music Group,Jimmy and Doug's Farm Club, MCA Nashville, MCA Records, Mercury Records,Motown Records, Philips, Polydor, Universal Records, 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 UM³(outside the U.S.). Its businesses also include Universal Music Publishing Group, one of the industry's largest global music publishing operations.
Universal Music Group is a unit of The Seagram Company, Ltd., a global entertainment and spirits and wine company.