///Corporate

UNIVERSAL MUSIC GROUP DISTRIBUTION APPOINTS RANDY MALINOFF VICE PRESIDENT, DIRECT-TO-CONSUMER ECOMMERCE

UNIVERSAL CITY, CA, June 30, 2010–Randy Malinoff has been appointed to Vice President, Direct-to-Consumer eCommerce for Universal Music Group Distribution (UMGD), the award-winning sales, marketing and distribution arm of Universal Music Group, the world’s leading music company. The announcement was made today by Mitch Rotter, Senior Vice President, Marketing & Product Development, Universal Music Distribution, to whom Mr. Malinoff will report.

In this position, Mr. Malinoff will be responsible for developing, executing and maximizing all UMGD direct-to-consumer (D2C) online sales initiatives. He will work closely with UMGD labels to provide strategic support in the launch of artist based D2C stores and offers as well as the D2C marketing department to ensure the successful deployment of new offers. Mr. Malinoff will also have operational oversight of UMGDs D2C platform to drive enhancements and new feature sets.

“We’re excited to welcome an executive as creative and driven as Randy to Universal,” stated Mr. Rotter. “His entrepreneurial background coupled with his years of dedicated eCommerce work will serve us well as UMGD continues to aggressively explore digital initiatives in order to provide music fans with the greatest ease when acquiring music.”

“I’m very excited for this opportunity and am looking forward to helping UMGD gain even more traction in the eCommerce world,” stated Mr. Malinoff. “Universal Music Group artists are among the world’s best and with such high quality content, I’m confident we can take our D2C operations to the next level.”

Prior to joining UMGD, Mr. Malinoff was Co-Founder of That’s It Media Group. Prior to that, he was Vice President of Digital Marketing for Universal Studios Home Entertainment. He also worked at Ktel Records as Executive Vice President/General Manager of Ktel Online. Previous to Ktel, Mr. Malinoff was the Director of Retail Marketing for Wherehouse Entertainment.

About Universal Music Group Distribution (UMGD)

UMGD consists of four major divisions: Universal Music Distribution (UMD); Fontana, a worldwide distributor of independent music labels; Vivendi Entertainment, the largest independent DVD distribution company in the US and also a theatrical distributor; and Universal Music Christian Group. It distributes the music from such companies as Universal Motown Republic Group, Island Def Jam Music Group, Interscope Geffen A&M Records, A&M/Octone Records, MCA Nashville, Lost Highway, Mercury Nashville, Verve Music Group, Decca Label Group, Universal Music Latino, Universal Music Enterprises, Hip–O, UTV, Sanctuary Records, Disa, Machete Music, ABKCO, Concord Music Group, Hollywood, Lyric Street, Fonovisa, Walt Disney, Big Machine, VI Music, Sybersound, Hidden Beach and Palm Pictures. The company also represents a world-famous roster of artists: U2, Mariah Carey, Kanye West, Elton John, Bon Jovi, Eminem, Sheryl Crow, 50 Cent, Sting, Jay-Z, Andrea Bocelli, Gwen Stefani, Shania Twain, Taylor Swift, Mary J. Blige, Sugarland, Maroon 5, Rihanna, The Black Eyed Peas, Akon, and Fall Out Boy, and many others.

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