UNIVERSAL MUSIC PUBLISHING GROUP BECOMES FIRST MAJOR PUBLISHING COMPANY WITH REPRESENTATION IN DUBAI
UMPG LEADS THE WAY TO NEW MARKETS, LICENSING IN UAE, Middle East, AND NORTH AFRICA VIA SUB-PUBLISHING DEAL WITH FAIRWOOD/BKP MUSIC (ARABIA)
Wednesday, August 20, 2008 - Universal Music Publishing Group (UMPG), the world's leading global music publishing corporation, today announced that it has agreed a deal for Fairwood/BKP Music (Arabia), to act as a sub-publisher and licensing representative across the UAE and neighboring region (including Arab territories of the Middle East and North Africa). The deal makes UMPG the first major global music publishing company to enter the UAE region.
The new agreement will encourage the use of UMPG's catalogue in local advertising campaigns, local film and television uses, and other revenue generating uses throughout Dubai and the region.
"UMPG is aggressive about the licensing of our repertoire in new and emerging markets. Through this new deal with Fairwood/ BKP we will generate new revenue opportunities for our writers and artists in one of the most economically exciting regions in the world today." said David Renzer, Chairman & CEO, Universal Music Publishing Group.
"I am excited by the possibilities of this groundbreaking deal with Fairwood/BKP in the United Arab Emirates," added Andrew Jenkins, Executive Vice President of International, Universal Music Publishing Group. "We will be working with a like-minded entrepreneurial company to develop a new market for our own songwriters in the region and over time to provide opportunities for the best local writers in the rest of the world."
Hussain "Spek" Yoosuf, Managing Director, Fairwood/BKP Music, commented, "The conclusion of this agreement provides new possibilities for Fairwood/BKP and Universal Music Publishing Group to ignite a dynamic business with our respective partners and clients in the region. We are delighted to be able to work with Universal Music Publishing Group to create these new possibilities and build on what we've already worked to establish in this part of the world."
Fairwood/BKP Music (Arabia) fz-llc, is a joint venture between Dubai based BKP Music and the UK's Fairwood Music (International). Fairwood/BKP Music (Arabia) is the only full service music publishing operation in the UAE and the leader in the Middle East and North Africa representing some of the world's biggest copyrights for the region.
This historic deal will provide a licensing procedure in many countries of the region for the first time, and will support the efforts of those organizations who want to provide legitimate music services. The deal also represents a wonderful opportunity for UMPG songwriters to see their repertoire exploited in a region where no other major music publishing operation is yet established.