CÜR Media Enters Into Digital Content Streaming Agreement With MediaNet in Preparation for the Launch of CÜR Music, its Next Generation Music Application
Posted by mnopen | February 10, 2015 10:05 am | No Comments
CÜR Media, Inc. announced today that it recently entered into a digital content streaming agreement with MediaNet Digital, Inc. (“MediaNet”), a leading provider of digital content, as the company progresses toward the 2015 launch of CÜR Music, its next generation mobile and web music application.
The agreement will pave the way for CÜR Music to offer access to MediaNet’s library of over 22 million songs as CÜR Media reaches agreements with major record labels and other content providers. MediaNet provides its content through licensing arrangements with major record labels, including Universal, Sony Music and Warner Music Group, as well as over 80,000 independent labels. Under the agreement, MediaNet may also manage back-end services for CÜR Music including licensing, royalty payments, reporting, encoding, and security.
Tom Brophy, Founder and CEO of CÜR Media, commented, “This agreement with MediaNet is another important step forward for CÜR as we move toward the launch of CÜR Music, our next generation social music experience. As we work towards agreements with record labels and other content providers, giving our audience direct access to that content through one of the most robust libraries of music in the world is a critical component for our company as we position our CÜR Music app for its anticipated release later this year. We continue to work diligently on procuring additional content and developing unique features to push the boundaries of our application beyond traditional music streaming and into a completely immersive experience that will enable people to personalize, share, and create. We look forward to capitalizing on our vision and establishing CÜR Media as a leading platform in digital entertainment.”
Frank Johnson, CEO of MediaNet, commented, “We are excited to partner with the team at CÜR as they move toward the launch of their next generation music experience. By gaining access to our extensive library of songs, CÜR Music will be well positioned, from a content and royalty administration perspective, to foster the social sharing and creative aspects that will make it such a unique streaming music platform. We look forward to working together with CÜR to support their initial launch and all of their future growth plans, through our robust catalog fulfillment and royalty reporting capabilities.”
About Media Net
Launched in 2001 as one of the first legal digital music distribution platforms, MediaNet (www.mndigital.com) maintains the world’s largest B2B rights-managed global catalog of more than 38 million tracks matched to over 3.6 million rights holders including composers, publishers, administrators, PROs, collection societies, performers, labels, distributors and more. MediaNet offers the only commercially available service and platform which hosts, manages, distributes, reports and administers the rights for a global catalog of sound recordings for powering digital music experiences, including streaming music apps, subscription services and download stores. Through its MN Open API, MediaNet provides seamless access and delivery of its multi-territory catalog and rights administration services, which support many popular digital music services around the world such as Beats Music, Songza, Target and Univision.
About CÜR Media
CÜR Media is creating a next generation social music experience through the planned launch of CÜR Music, a social mobile and web streaming music application that is being designed to enable its users to go beyond the limitations of traditional music streaming services. Upon its release, CÜR Music will unlock the true expressive nature of an individual’s connection with their music by fostering personalization, sharing and creativity. With CÜR Music it’s not just about streaming, it’s about what the music means to you and how you want to express that to the world. For more information please visit www.curmusic.com. .
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements may include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to the development of a commercially viable streaming music product, (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, capital structure or other financial items, (iii) the Company’s future financial performance, (iv) the Company’s ability to negotiate economically feasible agreements with the major and independent music labels and publisher rights organizations, and (v) the assumptions underlying or relating to any statement described in points (i), (ii), (iii), (iv) and (v) above. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company’s current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the Company’s inability to obtain adequate financing, the length of time associated with development of mobile applications and related insufficient cash flows and resulting illiquidity, the Company’s inability to expand the Company’s business, lack of product diversification, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company’s failure to implement the Company’s business plans or strategies.
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