EVR Holdings PLC MelodyVR signs five music licensing agreements (5937N)
10 Agosto 2017 - 8:02AM
UK Regulatory
TIDMEVRH
RNS Number : 5937N
EVR Holdings PLC
10 August 2017
10th August 2017
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
EVR Holdings plc
('EVR' or the 'Company')
MelodyVR signs five music licensing, collection and distribution
agreements with European Rights Holders licensing MelodyVR for
content distribution throughout Germany, The United Kingdom,
Ireland, The Netherlands, Sweden, Greece, Belgium and
Switzerland.
EVR Holdings plc (AIM: EVRH), the leading creator of virtual
reality music content, is pleased to announce that its subsidiary
MelodyVR Ltd ('MelodyVR') has entered into 5 music licensing,
collection and distribution agreements with European rights
holders. Agreements with music publishers, collection societies and
performance rights organizations are vital for the exploitation of
the underlying musical works (e.g. Songwriter copyrights) featured
throughout MelodyVR's substantial library of original VR music
content. The agreements, which the Company believes are the first
deals to license a virtual reality music service, cover rights in
the following territories: Germany, The United Kingdom, Ireland,
Sweden, Greece, Belgium, The Netherlands and Switzerland.
The agreements are with:
1. International Copyright Enterprise Services Limited ("ICE"),
covering:
-- Society for musical performing and mechanical reproduction rights ("GEMA")
-- Mechanical-Copyright Protection Society Limited ("MCPS")
-- Performing Right Society Limited ("PRS")
-- Swedish Songwriters International Music bureau ("STIM")
2. Hellenic Society for the Protection of Intellectual Property
("AEPI")
3. The Buma Association and The Stemra Foundation
("BUMA/STEMRA")
4. The Belgian Society of Authors, Composers and Publishers
("SABAM")
5. Cooperative Society of Music Authors and Publishers
("SUISA")
In advance of the launch of the MelodyVR platform, the
multi-year agreements license the distribution of Virtual Reality
content and enhance MelodyVR's capabilities with respect to the
exploitation of its extensive library of content across
strategically important European territories.
Anthony Matchett, CEO of EVR Holdings, said: "Over the last
eight months MelodyVR has signed global partnerships with Warner
Music Group, Universal Music Group and Sony Music which position
MelodyVR as the only VR music platform to be licensed by all three
of the world's major record labels, which is a significant
achievement.
"Alongside these label agreements (that represent the artists
and their music directly), agreements with publishers and
collection societies are necessary for the exploitation of the
underlying music works (e.g songwriter copyrights) featured
throughout our substantial content library. This latest tranche of
first of their kind agreements license MelodyVR across a number of
major European territories, namely the UK, Germany, Ireland, The
Netherlands, Sweden, Greece, Belgium and Switzerland.
"Although the music licensing landscape is a particularly
complex environment, maintaining all of the necessary rights
required for content distribution and monetisation ensures that our
company is uniquely positioned to benefit from the increasing
consumer demand for VR entertainment content - a position that we
consider to be highly enviable considering the projected adoption
rate of VR devices and our market leading position as the only
licensed VR music platform.
"At present, there are approximately 12 million VR devices in
circulation, an increase of 1,000% since August last year. By
Christmas 2017 we expect between 20-30 million devices in consumer
hands and by the end of 2020, as device prices continue to fall and
device quality continues to increase, we expect over 220 million
devices to have reached consumers. It is our goal to demonstrate
that virtual reality content can provide a new and sizeable revenue
stream for the music industry, generating billions of dollars in
revenue for labels, artists, songwriters, event promoters and
hardware manufacturers alike."
- Ends -
For further information please contact:
EVR Holdings plc
Anthony Matchett, Chief Tel: +44 (0) 203 287
Executive Officer 8717
Sebastian Theron, Chief www.evrholdings.com
Financial Officer
www.MelodyVR.com
Zeus Capital Limited (Nominated Adviser
and Broker)
Phil Walker / Andrew Jones (Corporate Finance) Tel: +44 (0) 203 829
5000
John Goold / Benjamin Robertson (Sales & www.zeuscapital.co.uk
Broking)
Notes to Editors:
MelodyVR is a wholly owned subsidiary of EVR Holdings plc
('EVR'), a company that is listed on the AIM market of the London
Stock Exchange under the ticker EVRH.L. EVR, a creator of virtual
reality content, joined AIM on 16 May 2016 following a reverse
takeover of Armstrong Ventures plc. Further information can be
viewed at www.evrholdings.com and www.melodyvr.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
STROKCDBNBKBQFK
(END) Dow Jones Newswires
August 10, 2017 02:01 ET (06:01 GMT)
Grafico Azioni Napster (LSE:NAPS)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Napster (LSE:NAPS)
Storico
Da Lug 2023 a Lug 2024