SpiralFrog Gets Licensing Deal With UMG
August 31, 2007 at 5:46 AM (PT)
SPIRALFROG recently announced a licensing deal with UNIVERSAL MUSIC PUBLISHING GROUP, reports DIIGITALMUSICNEWS. The development offers another sign of life at the start-up, though launch dates remain elusive. The deal broadens buy-in from important rights owners, most notably UMG RECORDINGS (AUGUST, 2006) and EMI MUSIC PUBLISHING (SEPTEMBER, 2006). "This is a landmark agreement for us, giving us rights to compositions by a substantial number of the world’s greatest artists," said SPIRALFROG Founder JOE MOHEN.
SPIRALFROG is an ad-supported, music download concept that ignited an overblown media bubble last summer, but quickly fizzled alongside a non-release and executive turmoil. Part of the issue, according to insiders, is that licensing deals with major companies like UMG require massive upfront costs -- just for catalog authorization.