Interact-TV Subsidiary Announces Agreement with Epic Records
LOS ANGELES, Jan. 16, 2013 /PRNewswire/ -- Interact-TV Incorporated (OTC: ITVI) is pleased to announce that its wholly-owned subsidiary, Pocket Kid Records, has signed a recording and licensing agreement with Epic Records regarding Pocket Kid's signed artist, Dead Sara.
The agreement gives Epic the immediate right to manufacture, distribute, market and sell Dead Sara's self-titled debut album (released in April 2012) outside the United States and Canada. The agreement also calls for Epic to finance the recording and production of the next album and gives Epic exclusive worldwide rights to manufacture, distribute and sell Dead Sara's next album, which will be released with both Pocket Kid Records' and Epic's logos.
"While we've already achieved many important milestones in the development of our young record company, this relationship with Epic is a significant leap forward," commented Robert Bryan, president of both Interact-TV and Pocket Kid Records. "Dead Sara's first overseas tour last year created a strong interest from fans outside the U.S. who wanted access to Dead Sara's songs. Among many other important operational targets reached, the agreement with Epic will now allow us to make songs off of Dead Sara's first album available to foreign territories, and will ensure worldwide distribution going forward."
Mr. Bryan continued: "Our Agreement with Epic places the power and financial resources of a major music industry corporation behind our Dead Sara releases. We expect a tremendous increase in fan base, name recognition, and value of the Dead Sara franchise as a result of this agreement."
Steve Medley, chairman of the board of Interact-TV commented, "We are pleased with Pocket Kid Records' performance. Everything they have done including this agreement with Epic shows that they have the knowledge, management and resources to successfully compete in today's music industry and develop and break new talent. We couldn't ask for anything more from our Pocket Kid team."
About Interact-TV: Interact-TV Incorporated, a publicly-traded Delaware corporation (OTC: ITVI) is a diverse entertainment company with interests in various media, including recorded music products through its wholly-owned subsidiary's subsidiary Pocket Kid Records.
About Pocket Kid Records: Pocket Kid Records is an innovative new record company that concentrates on developing artists and providing an environment that attracts top talent by being supportive and less controlling of artists' respective visions and products than traditional multi-media companies. For more information visit PocketKidRecords.com.
About Epic Records: Epic Records is a multi-genre record label owned by Sony Music Entertainment, itself a subsidiary of Sony Corporation (NYSE: SNE). Run by its Chairman and CEO, Antonio "L.A." Reid, Epic is the home of such varied artists as Avril Lavigne, Modest Mouse, Chevelle, Jennifer Lopez, Ozzy Osbourne and Ciara.
SOURCE Interact-TV Incorporated