Light Media Implements iTunes Distribution for Inspirational Artists Worldwide
October 25 2011 - 9:25AM
Marketwired
Light Media (PINKSHEETS: LGMH),
Inspirational
Media Specialist, announced today that it will be offering
exclusive
iTunes distribution on a
revenue-sharing basis, for inspirational artists, in the following
territories: United States, Canada, Mexico, Europe; Australia, New
Zealand and Japan. Light Media maintains iTunes distribution for
its aggregated inspirational content (music and video) worldwide.
"By investing and reinvesting into our Light Media WebNetwork
over the past several years with a top priority to aggregate
inspirational media content (audio and video) and marry content
with distribution and media, Light Media has been fortunate to have
created relationships with a proprietary database of over 3,000
independent inspirational musicians and artists (1,537 on
GospelEngine.com). As such, beginning on November 1, 2011, all
independent artists on Light Media web-portals www.GospelEngine.com,
www.GospelCity.com and www.GospelHipHop.com will see a new
top-level weblink highlighted as: 'iTunes
Distribution.' When this link is clicked on, indies will be
able to signup to have their music distributed directly through
iTunes stores worldwide. There are over 300 million iPods sold and
all iPhones/iPads/iTouch devices use the iTunes store. On October
4, 2011, Apple CEO, Tim Cook, announced that 16 billion songs had
been downloaded via iTunes. As smartphone devices further permeate
and become permanent fixtures/staples in all levels of society
worldwide, the demand for digitally-distributed content will
continue to rise and so will the importance and value of having
aggregated content, media plus distribution (music and video) via
the #1 digital distribution platform (iTunes)," said Danny Wilson,
CEO of Light Media.
About Light Media:
Light Media (PINKSHEETS: LGMH), Inspirational Media Specialist,
markets, produces and distributes inspirational music, video, video
games, print media and entertainment in the Urban Media space
through its network of radio, Internet, television, print and
special events global business platforms and marketing and alliance
partners. Light Media is also the 20th publicly-traded radio/media
conglomerate (member) of the prestigious (see full RBR-TVBR Media
Index listing at:
http://www.rbr.com/media-news/stocks/three-day-winning-streak-snapped-9-28-11.html).
To listen to Power 105.5/The King, please visit:
www.Power105TheKing.com. For more information, please visit:
www.LightMediaHoldings.com or www.InvaluableMedia.com. Light Media
Capitalization Structure, as of Q3 (2011): Common Shares Issued:
38,273,500; Common Shares Float; 7,050,000; Common Shares
Authorized: 100,000,000. DTCC eligibility application filed.
Cautionary Note Regarding Forward-Looking
Statements: This press release contains statements, which may
constitute "forward-looking statements" within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
Those statements include statements regarding the intent, belief or
current expectations of Light Media (PINKSHEETS: LGMH) and members
of its management as well as the assumptions on which such
statements are based. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements.
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