7DIG.L Regulatory News (7DIG)

28 Nov 2005 07:02

UBC Media Group PLC28 November 2005 28th November 2005 UBC Media Group PLC UBC Media Group announces first live demonstration of its digital music download service UBC Media Group plc ("UBC") is pleased to announce that the first livedemonstration of its new digital music download service will take place today at9am at the Great Eastern Hotel, London EC2M 7QN in front of an audience ofinvestors and analysts. The new service will enable digital radio listeners directly to download tracksto a digital radio device while they listen to them. UBC's subsidiary, UniqueInteractive, has pioneered this cutting-edge technology which allows consumersto purchase music from radio stations in real time. The demonstration will show how consumers will be able to use a mobile phone,fitted with a digital radio chip, to buy music from a radio station. UBC willdisplay the user interface, alongside the concurrent server activity, simulatinghow the service will work once up and running. UBC is uniquely placed to develop and deliver a music download service due itsownership of data capacity on the MXR regional multiplexes, the extensivepartnerships it has already put in place with radio stations across the UK andits leadership in the digital radio software market. UBC has invested £175,000 in the development of the service to date and willinvest a further £225,000 in the balance of this financial year. It estimatesthe market for downloading music from radio stations will be worth £14m within 4years. The service will operate on a subscriber model, with revenue shares withpartners already negotiated, prior to an expected launch in Summer 2006. Simon Cole, Chief Executive of UBC Media said: "The ability for consumers to buy and download music as they listen to it ishugely compelling, and the realisation of this concept proves that the futurefor digital radio lies with interactive services. The digital download servicewill revolutionise the way people listen to and buy music". For further information, please contact: Simon Cole, CEO, UBC Media Group plc Tel: 020 7453 1600Tim Allan, Portland for UBC Tel: 020 7404 5344 About UBC Media Group UBC Media Group plc is a UK public company quoted on the London Stock Exchange'sAIM market. The Group is a market leader in the supply of content to the radio,Internet and digital television industries in the UK. In addition to theentertainment and travel news services provided to commercial radio, the Groupis the largest independent producer of radio programming for the BBC. This information is provided by RNS The company news service from the London Stock Exchange