TORONTO, ONTARIO -- (Marketwired) -- 04/24/13 -- UOMO Media Inc. (OTCBB: UOMO), a multi-channel media and entertainment company, is pleased to announce today that its Recorded Music Division, UOMO Records, has renewed its distribution deal with Universal Music Canada Inc.
With this deal, Universal Music is the exclusive distributor of UOMO Media's music based content from its Recorded Music Division and independent record label. Universal Music will continue to manage the sales, marketing and distribution of UOMO's growing catalogue of music and artists. UOMO's products will be promoted and distributed over a wide array of services and platforms including digital, physical, streaming, subscription and mobile. Universal has been the industry market share leader for the past fifteen years.
Mr. Camara Alford, CEO and Chairman of UOMO Media comments, "Over the last 12 months we have been diligently reassessing all of our industry alliances and I am very proud to be extending our relationship with Universal Music - one of the true global leaders in multi-platform media distribution. Universal Music and UOMO will work closely together with the shared goal of maximizing the potential of UOMO's catalogue and further expanding on our successful partnership. I look forward to continuing to work with our partners at Universal Music as we collaborate and release new and exciting projects together in the coming months."
Previous releases through this venture have garnered certified Gold and Platinum records, Number 1 Videos, and a MMVA Video of the Year award.
Nielsen SoundScan and Nielsen BDS, the entertainment industry's leading data information systems, announced that total music purchases (Physical Albums, Digital Albums and Digital Songs) are at an all-time high, surpassing 1.65 billion units in 2012, up 3.1% vs. 2011 driven by digital music sales, which continues to be a key growth element within the market. Within this figure, Universal Music Group leads the market share commanding over 32.41% of total album sales.
Further, IFPI's recently-released Recording Industry in Numbers 2013 reports that music subscription services are seeing rapid growth. Music subscription and ad-supported streaming services now account for 20% of digital revenues globally, up from 14% in 2011. These facts show the music industry has not only adapted to the Internet and monetized the digital marketplace. Music is driving technology, helping sell devices, fuelling economic growth with a ripple effect far beyond the limits of the recorded music market.
About Universal Music Group
Universal Music Group is the global music leader, with wholly owned operations in 60 territories. Its businesses also include Universal Music Publishing Group, one of the industry's premier music publishing operations worldwide.
Universal Music Group's record labels include A&M/Octone, Angel, Astralwerks, Blue Note, Capitol Records, Decca, Def Jam Recordings, Deutsche Grammophon, Disa, Emarcy, Fonovisa, Geffen Records, Interscope Records, I.R.S., Island Records, Lost Highway Records, Machete Music, Manhattan, MCA Nashville, Mercury Nashville, Mercury Records, Motown Records, Polydor Records, Republic Records, Universal Music Latino, Verve Music Group and Virgin Records, 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 catalogue of music in the industry, which includes the last 100 years of the world's most popular artists and their recordings. UMG's catalogue 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 Global Digital Business, its new media and technologies division and Bravado, its merchandising company.
Universal Music Group is a fully owned subsidiary of Vivendi.
About UOMO Media Inc.
UOMO Media Inc. is a multi-channel entertainment company that acquires, produces, and manages media content. UOMO integrates existing and well-established revenue streams in recorded music, publishing, and talent management through its five operating divisions: UOMO Digital Solutions, UOMOLife (including AdUOMO), UOMO Recorded Music, UOMO Talent Management, and UOMO Publishing. For more details please visit www.uomomedia.com or www.uomolife.com.
Contacts:
UOMO Media Inc.
Telephone Main: (416) 368-4400
www.uomomedia.com
