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Universal Music Canada Next Customer For Musicrypt

  • el
  • pt
  • August 10, 2024

    by -- Musicrypt



    Musicrypt Inc. is pleased to announce that it has reached agreement with
    Universal Music Canada on commercial terms for use of Musicrypt's Digital Media
    Distribution System (DMDS).

    With the addition of Universal as a paying customer, DMDS is now the secure
    digital delivery service of choice for more than 80% of the Canadian music
    industry. Major Canadian broadcast chains that collectively represent over 98%
    of all chart monitored radio stations use DMDS, including Standard Radio and
    Rogers Media Broadcasting on an exclusive basis.

    Another important milestone was attained on Thursday July 29th when Musicrypt
    completed its 100,000th secure digital delivery. This achievement is brought
    more clearly into focus when one contemplates the time, cost and materials
    saved, and the leaks prevented, through the use of DMDS.

    Jeremy Summers, Director of National Promotion, Universal Music Canada said,
    "The improved security and efficiencies DMDS provides for internal distribution
    and delivery to radio will be of great benefit to Universal Music Canada. Radio
    has welcomed releases that we sent via DMDS and this has enhanced the impact of
    our promotional campaigns. DMDS has set the benchmark for the secure digital
    delivery of music in Canada. We look forward to working closely with Musicrypt
    in the future".

    Peter Diemer, Vice President, Marketing & Sales, Musicrypt Inc, said,"In April,
    when Universal Music Canada entrusted us with the long awaited and anticipated
    lead single from the new album by million selling artist The Tragically Hip, it
    was a defining moment for our relationship. Vaccination Scar was exclusively
    and securely delivered via DMDS in the middle of the Easter long weekend with
    the push of a button. The song was the #1 Most Added Rock Single, the #1 Most
    Added Canadian Single and the #1 Most Added Single Overall at Canadian radio
    the same week it was released. It also enjoyed the highest debut of the week on
    the R & R Canadian Rock Chart and the BDS (Broadcast Data Systems) Rock Spins
    and Audience Charts."

    About Universal Music Group: Universal Music Group is the world's leading music
    company with wholly owned record operations or licensees in 71 countries and is
    a unit of Vivendi Universal, a global media and communications company. Its'
    businesses also include Universal Music Publishing Group, one of the industry's
    largest global music publishing operations.

    About Musicrypt: Musicrypt's Digital Media Distribution System (DMDS) is the
    leading secure B2B digital delivery solution for the music industry. DMDS is a
    web-based delivery system that pioneers secure digital file distribution by
    incorporating biometrics, high-value encryption and watermarking. The first
    application of DMDS replaces the physical distribution of new musical
    recordings by record companies from the studio, internally, and to radio
    stations with more secure, more effective and less costly digital distribution
    via the Internet. DMDS delivers broadcast quality media from the sender
    securely and on time to authorized recipients. Musicrypt trades on the TSX
    Venture Exchange (TSX-V) in Toronto under the symbol MCT and has offices in
    Vancouver, Calgary, Toronto, Richmond Hill, Montreal, London and Paris.


    The statements contained in this release that are not purely historical are
    forward-looking statements and are subject to risks and uncertainties that
    could cause such statements to differ materially from actual future events or
    results. Such forward-looking statements are made pursuant to the safe harbor
    provisions of the Private Securities Litigation Reform Act of 1995. The TSX
    Venture Exchange does not accept responsibility for the adequacy or accuracy of
    this release.

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    Musicrypt Inc.
    John Heaven
    President & CEO
    Phone: (905) 763-3553
    Universal Music Canada
    Jeremy Summers
    Phone: (416) 718-4000
    James Monaco
    Phone: (416) 686-3395

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