Milestone Group PLC Milestone Group Plc : Contract

 
TIDMMSG 
 
   MILESTONE GROUP PLC 
 
   ("Milestone" or the "Company") 
 
   New music publishing contract signed through Nexstar 
 
   Milestone, the AIM quoted (AIM: MSG) provider of digital media and 
technology solutions announces that its joint venture partner in Nexstar, 
Black Cactus Holdings Limited, has signed a contract with music and 
media company Rock Solid Development Ltd to utilise the innovative music 
publishing platform, Backstage HD. 
 
   Further to the announcement made on 14March 2016, the platform provides 
a one-stop-shop technical solution for musicians, recording artists, 
independent labels and the music industry. Rock Solid will use the 
Backstage HD platform to help them manage and develop their stable of 
artists quickly and cost-effectively. The first artist to launch on the 
platform from Rock Solid is East London rapper, singer and producer 
Jammin. 
 
   Nexstar will receive a revenue share per transaction which includes 
sales of music, ticket sales and advertising revenue. 
 
   Deborah White, CEO of Milestone commented: 
 
   "This latest contract for the Nexstar JV is the start of an exciting new 
direction for the Company. The technology offered via Black Cactus 
provides Nexstar with the ability to offer artists a new simple multi 
channel marketing and distribution solution." 
 
   Keith Johnson, CEO of Rock Solid commented: 
 
   "This move ensures Rock Solid's relevance in an ever-changing market 
place. We now have the technology to give artists the global reach of a 
record label whilst maintaining their rights. This gives license for a 
new level of artist integrity, the music industry will never be the same 
again." 
 
   For further information: 
 
 
 
 
Milestone Group plc                                   Tel: 020 7929 7826 
Deborah White, Chief Executive 
 
Cairn Financial Advisers LLP, Nominated Adviser       Tel: 020 7148 7900 
Liam Murray 
 
Hybridan LLP, Broker                                  Tel: 020 3764 2341 
Claire Louise Noyce 
 
Walbrook PR Limited, PR                               Tel: 020 7933 8780 
Gary Middleton / Paul Cornelius / Paul Whittington 
 
 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Milestone Group PLC via Globenewswire 
 
   HUG#2005384 
 
 
  http://www.milestonegroup.co.uk/

(END) Dow Jones Newswires

April 21, 2016 02:02 ET (06:02 GMT)

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