UMPG And Sony BMG Reach Asian Digital ASgreement
January 29, 2008 at 7:35 AM (PT)
UNIVERSAL MUSIC PUBLISHING GROUP, together with SONY BMG MUSIC ENTERTAINMENT, have reached a digital licensing agreement designed to facilitate the growth of the legitimate digital market place across the ASIAN region (excluding JAPAN and KOREA where deals are already in place).
"UMPG is pleased to be facilitating the legitimate digital licensing of our repertoire in SE ASIA and developing new revenue streams for our songwriters in that region," said UMPG Chairman/CEO DAVID RENZER.
"This multi-lateral deal should enable the legitimate digital business in the region to operate with certainty," added EVP/International ANDREW JENKINS. "Through the combined efforts of UMPG and SONY BMG, and our common line of action with this agreement, we are providing a digital model for the whole industry to adopt."