Mood Media and Universal Music Group Announce Multi-Year Agreement
TORONTO, June 4, 2013 /PRNewswire/ - Mood Media Corporation (ISIN: CA61534J1057) (TSX:MM / LSE AIM:MM), a global leader in designing in-store consumer experiences, and Universal Music Group (UMG), the world's leading music company, have entered into a multi-year agreement that will enable the companies to develop new music offerings across the range of Mood's music services and for Mood Media to provide UMG's artists with marketing and promotional support on Mood's industry-leading entertainment platforms.
"This new partnership with UMG is a landmark agreement in the in-store consumer experience space and represents an entirely new level of alliance for our two companies now and into the future," said Lorne Abony, Chairman and CEO of Mood Media. "It represents a new level of collaboration where we will work closely with UMG's talented team and their unparalleled catalog of artists and labels to create distinctive events, promotions and new music services that captivate consumers at retail and at the point of sale. This is a demonstration of our ongoing commitment to deliver innovative new solutions in partnership with the world's leading brands."
Lucian Grainge, Chairman and CEO of Universal Music Group said, "We're pleased to be working with Lorne and his team and look forward to giving our artists increased exposure on Mood's platform."
Bruce Resnikoff, President and CEO of Universal Music Enterprises said, "Our agreement with Mood enables us to partner with a global leader in providing in-store consumer experiences and furthers our mission of exploring new ways for our artists to reach the widest possible audience. We look forward to working with Mood in creating unique music experiences that fans will enjoy."
The agreement will enable Mood Media to offer its clients music from UMG's industry leading labels including A&M/Octone, Angel, Astralwerks, Blue Note, Capitol Records, Decca, Def Jam Recordings, Deutsche Grammophon, Disa, Emarcy, Fonovisa, Geffen Records, Interscope Records, I.R.S., Island Records, Lost Highway Records, Machete Music, Manhattan, MCA Nashville, Mercury Nashville, Mercury Records, Motown Records, Polydor Records, Republic Records, Universal Music Latino, Verve Music Group and Virgin Records. The agreement also supports the creation of new music solutions across the full portfolio of Mood services such as integrated in-store events and new music channels.
About Mood Media Corporation
Mood Media Corporation (TSX:MM/ LSE AIM:MM), is one of the world's largest designers of in-store consumer experiences, including audio, visual, interactive, scent, voice and advertising solutions. Mood Media's solutions reach over 150 million consumers each day through 570,000 subscriber locations in over 40 countries throughout North America, Europe, Asia and Australia.
Mood Media Corporation's client base includes more than 850 U.S. and international brands in diverse market sectors that include: retail, from fashion to financial services; hospitality, from hotels to health spas; and food retail, including restaurants, bars, quick-serve and fast casual dining. Our marketing platforms include 77% of the top 100 retailers in the United States and 100% of the top 50 quick-serve and fast-casual restaurant companies.
For further information about Mood Media, please visit www.moodmedia.com.
About Universal Music Group
Universal Music Group is the global music leader, with wholly owned operations in 60 territories. Its businesses also include Universal Music Publishing Group, one of the industry's premier music publishing operations worldwide.
Universal Music Group's record labels include A&M/Octone, Angel, Astralwerks, Blue Note, Capitol Records, Decca, Def Jam Recordings, Deutsche Grammophon, Disa, Emarcy, Fonovisa, Geffen Records, Interscope Records, I.R.S., Island Records, Lost Highway Records, Machete Music, Manhattan, MCA Nashville, Mercury Nashville, Mercury Records, Motown Records, Polydor Records, Republic Records, Universal Music Latino, Verve Music Group and Virgin Records, as well as a multitude of record labels owned or distributed by its record company subsidiaries around the world. The Universal Music Group owns the most extensive catalogue of music in the industry, which includes the last 100 years of the world's most popular artists and their recordings. UMG's catalogue is marketed through two distinct divisions, Universal Music Enterprises (in the U.S.) and Universal Strategic Marketing (outside the U.S.). Universal Music Group also includes Global Digital Business, its new media and technologies division and Bravado, its merchandising company.
Universal Music Group is a fully owned subsidiary of Vivendi.
SOURCE Mood Media Corporation