UNIVERSAL MUSIC GROUP (UMG) EXPANDS DIGITAL MUSIC & VIDEO DISTRIBUTION AGREEMENT WITH DESTINY MEDIA TECHONOLGIES’ PLAY MPE®
Destiny’s Proprietary Platform Will Provide Secure Distribution of UMG Pre-Release Digital Media
New York, NY/ Vancouver, British Columbia, June 6, 2008 – Universal Music Group (UMG), the world’s leading music company, and Destiny Media Technologies (DSNY: OTCBB) announced today that they have expanded their digital media distribution services agreement to include UMG’s affiliates in Canada and Mexico. Under this multi-year agreement, Destiny Media remains the primary, and only company-wide platform, for the global distribution of UMG’s pre-release digital media in North America.
“This agreement further expands UMG’s ability to utilize Play MPE’s® digital distribution platform which replaces the costly traditional system of delivering promotional CDs using couriers and express mail,” stated Vincent Freda, UMG’s Executive Vice President, Digital Logistics and Business Services. “Beyond its significant cost benefits, this system enhances our control over unauthorized copying, shortens distribution lead times, and provides superior data tracking.”
“We are pleased that Universal Music Group has chosen to expand its relationship with us. We’ve been working with their staff since our first pilot in 2004 and we look forward to continuing to grow their usage both in and outside of the United States,” added Steve Vestergaard, CEO of Destiny.
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 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 Play MPE®
With over 21,000 users and over 83,000 songs from more than 1,000 record labels, including Universal Music Group, EMI Music Group, Sony BMG and Warner Music Group, Destiny’s Play MPE® system is the most widely used digital distribution system available to the recording and radio industries. Play MPE® is a secure distribution system that features state-of-the-art encryption to protect content while delivering high definition audio to users in radio, marketing and media. A powerful promotional tool, Play MPE® also allows record companies to distribute video, text and graphics including music videos, CD covers, credits, lyrics, promotions, and other content. More information on Play MPE® can be found at www.plaympe.com
About Destiny Media Technologies
Destiny (www.dsny.com) is a software development company which provides tools that some of the world’s largest media companies use to distribute their content on the Internet. Products include Play MPE®, Clipstream® and Radio Destiny™.
“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission.