(via Thenewswire.ca)
Exclusive Multi-year Deal For Digital Delivery of Broadcast Audio and Music Video
Toronto, Canada - October 30, 2013 YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the industry's leading secure digital media management company, has entered into an exclusive multi-year agreement with Goran Andersson, a leading music industry entrepreneur, with Brazilian-based offices in Sao Paulo and Rio. Andersson's company, Universi Brazil, works with leading major and independent record labels, and has strong ties with the major radio and television broadcasters in the country.
Brazil is a country of over 200 million people and has a thriving economy with one of the fastest growing middle classes on the planet. The Brazilian recording industry is highly sophisticated and has a well-developed domestic industry, in addition to music it receives from around the world.
The parties have entered into an exclusive three year renewable agreement whereby YANGAROO will provide its patented industry leading Digital Media Distribution System (DMDS) and Goran Andersson will provide his market expertise, proven marketing and customer support team, and well-established customer base.
YANGAROO's DMDS music video delivery has become the standard in North America delivering the vast majority of all HD videos to all major broadcasters including MTV/VH1, REVOLT, BET, Fuse, Music Choice, CMT, GAC, MuchMusic, AUX, MusiquePlus, and many others. DMDS also delivers music audio tracks to over 3,000 radio stations plus other destinations in the U.S. and Canada.
"YANGAROO's DMDS service is a world class proven technology that has been operating successfully in North America for many years," said Goran Andersson. "YANGAROO's service will receive great interest from the Brazilian domestic market and we know that the Brazilian music industry will be welcoming the ability to access the North American market."
"What a great time to partner with Goran Andersson and Universi Brazil. Goran's market knowledge, experience, and established network is a great asset as we move into this vibrant new market," said Cliff Hunt, Vice Chairman and COO of YANGAROO Inc. "This coming year should be one of the most exciting in Brazil's history and we look forward to being a part of it."
About Goran Andersson/ Universi Brazil:
Goran Andersson is a global music business entrepreneur, focused on music production, publishing, management and international consulting, with offices in New York, LA, London, Miami, Paris, Rio and Sao Paulo and has been active in Brazil since 1995. Among his many accomplishments, Andersson is a member of the Board of Trustees of the ARChive of Contemporary Music, located in New York City. Since 1985 the archive's holdings have grown to 2,000,000 sound recordings (20,000,000 + songs), making the ARChive the largest popular music collection in the United States. Members of the Board of Advisors include: David Bowie, Jellybean Benitez, Ellie Greenwich, Keith Richards, Nile Rodgers, Todd Rundgren, Martin Scorsese, Paul Simon, Mike Stoller, Youssou N'Dour and Jerry Wexler.
About YANGAROO:
YANGAROO is a company dedicated to digital media management. YANGAROO's patented Digital Media Distribution System (DMDS) is a leading secure B2B digital cloud based solution focused on the music and advertising industries. The DMDS solution provides more accountable, effective, and far less costly digital management of broadcast quality media via the Internet. It replaces the physical, satellite and closed network distribution and management of audio and video content, for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients. The YANGAROO Awards platform is now the industry standard and powers most of North America's major awards shows.
YANGAROO has offices in Toronto, New York, and Los Angeles. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB: YOOIF. For further information, please contact Gary Moss at 416-534-0607 ext.111 or visit www.yangaroo.com.
The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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