UOMO Filmworks' Soundtracks to Be Distributed Through Universal
May 06 2013 - 5:10PM
Marketwired
UOMO Media Inc. (OTCBB:UOMO), a multi-channel media and
entertainment company, announced today that soundtracks from all of
UOMO Filmworks' upcoming productions will be released through UOMO
Records and distributed through Universal Music Group.
UOMO Filmworks has been developing original programming which
will feature celebrities in the areas of reality, lifestyle, and
music-based documentary. The first of the original programming
content initiatives, LIVE from Sigma will be a reality television
program based around live performances, behind the scenes
interviews with musicians, producers and artists, and candid round
table discussions with the biggest names in the entertainment
industry. UOMO Media will own all the soundtracks. The soundtracks
will consist of original music heard in part or whole that are
featured in UOMO Filmworks' productions.
Universal Music will manage the sales, marketing and exclusive
distribution of all of UOMO Filmworks' soundtracks over a wide
array of platforms including digital, physical, streaming,
subscription and mobile.
Performance rights income, defined as revenues generated from
the use of music soundtracks in TV and radio broadcasts, continues
to increase. The sector grew by 9.3 per cent in 2012, and accounts
for 6 per cent of total industry revenues according to IFPI's
recently released Recording Industry in Numbers 2013 reports.
This proves there is a growing digital economy built around
music. Music is driving technology, helping sell devices, fuelling
economic growth with a ripple effect far beyond the limits of the
recorded music market. A huge variety of download stores,
subscription services and streaming offerings are available to
consumers. Companies such as VEVO are also investing in its own
programming, improving and broadening its content offer to appeal
to the global TV advertising market, valued at US$197 billion (PWC
Global Entertainment & Media Outlook). Numbers show investor
confidence in music subscription is high. In November 2012 Spotify
announced a US$100 million investment that valued the company at
US$3 billion, just one month after Deezer announced a US$130
million investment from Access Industries. The soundtracks produced
by UOMO Filmworks and channeled through its established
distribution partners creates valuable assets and generates another
revenue stream for UOMO Media.
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, television, and talent management through its five
operating divisions: UOMO Digital Solutions, UOMO Film &
Television UOMO Recorded Music, UOMO Talent Management, and UOMO
Publishing. For more details please visit www.uomomedia.com.
Contacts: UOMO Media Inc. Main: (416) 368-4400
www.uomomedia.com
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