September 21, 2024
Universal Music Canada Next Customer For Musicryptby -- Musicrypt TORONTO, ONTARIO -MUSICRYPT MAKES 100,000th DELIVERY 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. Visit: www.musicrypt.com 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. - 30 - FOR FURTHER INFORMATION PLEASE CONTACT : Musicrypt Inc. John Heaven President & CEO Phone: (905) 763-3553 or Universal Music Canada Jeremy Summers Phone: (416) 718-4000 or James Monaco Media Phone: (416) 686-3395 jmonaco@sympatico.ca www.musicrypt.com INDUSTRY : RES SUBJECT : NWS Request For More Information Forward this release to a friend Back to list
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