DMGI Announces New Music Acquisitions
19 Avril 2007 - 1:00PM
PR Newswire (US)
Company Adds Music and Video From Todd Rundgren, The Alarm, Dwight
Twilley, Richard Clayderman, and Wayne Newton to Growing Music
Catalog SACRAMENTO, Calif., April 19 /PRNewswire-FirstCall/ --
Digital Music Group, Inc. (NASDAQ:DMGI), a content owner and global
leader in the digital distribution of independently owned music and
video catalogs, today announced the acquisition of both music and
video content through digital distribution, master purchase, and
digital rights purchase agreements with artists including Todd
Rundgren, The Alarm, Dwight Twilley, Richard Clayderman, and Wayne
Newton. The total number of music tracks included under these
agreements is approximately 3,000. "DMGI continues to build its
catalog with high quality content from legendary artists, including
unreleased, rare, and never-before-heard tracks," said Mitchell
Koulouris, Chief Executive Officer of DMGI. "Today's announcement
of previously unreleased work by these artists underscores our
commitment to acquiring and making available great music to fans
and music enthusiasts around the world." The agreements announced
today include: * Todd Rundgren/Utopia: The Todd Rundgren and Utopia
archive features approximately 2,000 never-before-released live
recordings, demos, out-takes, and alternate versions from 1977 to
2000. It also includes a significant array of never-before seen
video footage as well. Rundgren, both an accomplished songwriter
and producer whose hits "I Saw the Light," "Can We Still Be
Friends," "Hello, It's Me," and "Bang the Drum" vaulted him from a
cult following to stardom, formed Utopia in the mid-1970s. The
archive includes never before seen or heard rare audio and video
performances from both Rundgren as a solo artist and Utopia. The
first of these previously unreleased audio and video performances
will be released in the summer of 2007. * The Alarm: One of the
true powerhouses of the 1980s, The Alarm recorded some of the most
important rock records of the decade including "Declaration" and
"Strength." This video catalog features some of the great
performances of the band including music videos and never before
seen live performances. The catalog also features the VH1 special
"Bands Reunited." * Dwight Twilley: This power pop icon scored two
top-twenty hits with "I'm on Fire" in 1975 and "Girls" (featuring
Tom Petty on background vocals) in 1984. This archive features
never-before released masters from the power pop legend including
demo recordings of "10,000 American Scuba Divers Dancing," "Wild
Dogs," as well as other rare and previously-unreleased tracks. Also
included are cover versions of The Beatles' "Come Together,"
Badfinger's "I Can't Take It," Marvin Gaye's "I'll Be Doggone," and
Sam Cooke's "Twistin' the Night Away." These previously unreleased
tracks will be issued in a series of five compilations starting in
the summer of 2007. In addition, the compilation "The Best of the
Rest of Dwight Twilley" will also be released in the summer of 2007
as well as an extended and remastered version of Twilley's classic
Christmas album, "Have a Twilley Christmas." * Richard Clayderman:
International pop instrumentalist Richard Clayderman is referred to
in the Guinness Book of World Records as "the most successful
pianist in the world." With a broad international following,
Clayderman routinely sells out concerts and sells millions of
records. His first album sold more than 20 million copies and a
live concert broadcast on Chinese television in 1987 attracted more
than 800 million viewers. This catalog features Clayderman at his
best including nearly 1,000 never-before released romantic
standards, ballads, and hits of the world. * Wayne Newton: Music
legend Wayne Newton is best known for his phenomenal success as a
performer in Las Vegas. As a recording artist in the 1960s and
1970s, Newton scored a number of memorable hits including "Danke
Schoen," "Red Roses for A Blue Lady," and "Daddy Don't You Walk So
Fast." This catalog features tracks from this music legend that
have never been previously available in digital channels. About
DMGI Founded in 2005, Digital Music Group Inc. (NASDAQ:DMGI) is a
content owner and global leader in the digital distribution of
independently owned music and video content. DMGI acquires the
digital rights to media catalogs and digitally encodes them into
multiple formats for distribution to digital entertainment services
operating over the Internet and wireless, cable and mobile
networks. Our digital entertainment service partners include: the
iTunes Store, Google Video, YouTube, AOL/In2TV, RealNetworks,
Napster, Wal-Mart Music, MusicNet, Verizon, Sprint, InfoSpace,
Moderati, Zingy, 9 Squared, and many others. For more information,
please visit http://www.dmgi.com/. Digital Music Group is a
trademark of Digital Music Group, Inc. Other names mentioned herein
are the property of their respective owners. Forward-Looking
Statements This release contains forward-looking statements
(including, without limitation, information regarding Digital Music
Group's distribution of the Todd Rundgren, The Alarm, Dwight
Twilley, Richard Clayderman, and Wayne Newton music and video
catalogs and making these catalogs available through current and
future digital entertainment services) that involve risks and
uncertainties that could cause the results of Digital Music Group
to differ materially from management's current expectations. Actual
results may differ materially due to a number of factors including,
among others: unforeseen difficulties assembling and processing the
music and video content; the market demand for digital music and
video recordings and potential changes in consumers' tastes and
preferences in music and video; and our dependence on digital
entertainment services for the distribution and sale of our music
and video content. The matters discussed in this press release also
involve risks and uncertainties described in Digital Music Group's
most recent filings with the Securities and Exchange Commission.
Digital Music Group assumes no obligation to update the
forward-looking information contained in this release. Press
Contact Allen & Caron Inc.: Len Hall, VP Media Relations,
Telephone: (949) 474-4300, e-mail: Investor Relations Contact
Digital Music Group, Inc.: Karen Davis, Chief Financial Officer,
Telephone: (916) 239-6010 x2505 Allen & Caron Inc.: Jesse Deal,
Account Manager, Telephone: (212) 691-8087, e-mail: DATASOURCE:
Digital Music Group, Inc. CONTACT: Media, Len Hall, VP Media
Relations, +1-949-474-4300, , or Investors, Jesse Deal, Account
Manager, +1-212-691-8087, , both of Allen & Caron Inc., for
Digital Music Group, Inc.; or Karen Davis, Chief Financial Officer
of Digital Music Group, Inc., +1-916-239-6010, ext. 2505 Web site:
http://www.digitalmusicgroupinc.com/
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