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UNIVERSAL MUSIC, DISNEY MUSIC FORGE LICENSE AGREEMENT FOR AUSTRALIA, NEW ZEALAND

Forthcoming Releases Include Jonas Brothers and Hannah Montana



New York, NY, March 11, 2009 - The Disney Music Group and Universal Music Group (UMG) have entered into an international licensing agreement for Australia and New Zealand. Under its terms, the Disney Music Group has selected UMG to market and distribute in those countries the unique roster of artists affiliated with Hollywood Records and Walt Disney Records, and their catalogues.

The agreement was announced today by Max Hole, President, Asia-Pacific Region, Universal Music Group International, and David Agnew, President, Walt Disney Records, & EVP/GM of Disney Music Group. It takes effect from April 1, 2009 and covers both digital and physical rights.

Universal Music Group has an existing international licensing deal with the Disney Music Group for Asia and Canada, as well as a distribution arrangement in the United States. It also has a license agreement with Hollywood Records in South America.

According to IFPI, the international recording industry organisation, Universal Music Group released seven of 2008’s top 10 biggest-selling albums worldwide. The 2008 top 10 included Walt Disney Records’ High School Musical 3: Senior Year, after the first two soundtracks from Disney’s High School Musical franchise became the biggest- selling albums worldwide in 2006 and 2007.

Disney Music Group is home to artists including Miley Cyrus, Jonas Brothers, Jesse McCartney, Rascal Flatts, Demi Lovato, Plain White Ts, Hannah Montana and the hugely successful High School Musical and Camp Rock soundtracks.

Max Hole said, “Disney artists and music create excitement wherever they go – and Australia and New Zealand are no exception. We’re pleased to partner with the Disney Music Group in yet another part of the world, and our teams there are looking forward to spreading the excitement even further.”

David Agnew commented: “We are pleased to expand our excellent business relationship with Universal Music into Australia and New Zealand, and feel confident that we will do great things together. We are thankful to our colleagues at EMI for having successfully launched many of our artists and repertoire in Australia and New Zealand over the past three years, and wish them continued success.”

About Universal Music Group

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

Universal Music Group's record labels include A&M/Octone, Decca, Deutsche Grammophon, Disa, Emarcy, Fonovisa, Interscope Geffen A&M Records, Island Def Jam Music Group, Lost Highway Records, Machete Music, MCA Nashville, Mercury Nashville, Mercury Records, Philips, Polydor Records, Universal Motown Republic Group, Universal Music Latino, Universal Records South 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 includes the last 100 years of the world's most popular artists and their recordings. UMG's catalog 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, its new media and technologies division; Bravado, its merchandising company; Twenty-First Artists, its full service management division; and Helter Skelter, its live music agency.

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

About Disney Music Group

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

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