29 Nov 2010 09:15
29 November 2010
UBC Media Group plc
Global Representation Deal
UBC announces contract to exclusively represent major professional digital music library.
UBC Media Group is pleased to announce that it has signed a contract with Broadchart International Limited (trading as I Like Music) which gives it the right to represent the most comprehensive digital library of commercially available music to radio and production clients in every territory.
British company I Like Music's unique digital library has been built up over 50 years from both vinyl and CD collections; it contains every UK Chart hit since the charts began in 1952, the majority of the US Hot 100 List since 1954 and thousands more from every conceivable genre. These have all been digitised as uncompressed 'wav' files making them suitable for professional use. Popular consumer services, like iTunes, are not suitable for use by broadcasters and producers as the files are heavily compressed and the copyright agreements held by theses services permit personal use only.
Currently used by the BBC, the library is constantly updated, adding some 5,000 tracks each month to the millions already in the collection. Professional broadcast clients are granted licences giving them instant access to preview and download copies of any song.
The agreement is for two years and gives UBC the right to act as exclusive agents for the I like Music library, becoming the principal contracting party for any client and retaining a commission from revenues that it passes back to I Like Music.
Simon Cole, Chief executive of UBC commented:
"This gives us another powerful service to offer to our clients around the world. Access to a unique digital library is essential to any global broadcaster or digital content producer. Added to the digital content and software services we offer, our aim is to be the one stop shop for everything digital."
Andy Hill, Chief Executive of I Like Music commented:
"We searched high and low for a suitable partner to represent our service and unique digital library to the radio and production markets around the world. We have spent the last two years contracting to deliver the world's greatest music collection to the world's greatest broadcaster and we are privileged to now partner with UBC to extend this success through this partnership.
Enquiries:
UBC Media Group | 020 7453 1600 |
Simon Cole, Chief Executive | |
John Falcon, Finance Director | |
Seymour Pierce | 020 7107 8000 |
Sarah Jacobs, Corporate Finance | |
David Banks, Corporate Broking |
Notes to Editors
About UBC Media Group
UBC is quoted on the London Stock Exchange's AIM market. UBC is a leading provider of digital content, software and mobile applications. The Group is the largest independent producer of radio programming for the BBC and a provider of entertainment programming to commercial radio stations throughout the UK. Its software division, Unique Interactive, is a global supplier of digital radio text and data services.
www.ubcmedia.com
About Broadchart
Broadchart International Limited, trading as I Like Music Limited, have been specialists in sourcing and delivering music on-demand and online since 2001 to the business to business market, and produce ilikemusic.com, the award winning online music magazine. The company now operates successfully in the consumer market, incorporating an mp3 download store, world exclusive music streaming experiences, a ticket search engine, TV channels and radio streaming.
www.ilikemusic.com