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Sony BMG Music Entertainment And Warner/Chappell Music Reach New Licensing Agreement For Music Publishing Rights
Sony BMG Music Entertainment and Warner/Chappell Music announced that they have reached a new agreement designed to accelerate the roll out of a wide range of digital music products and services. Products covered under the agreement include DualDisc; mobile music offerings such as master ring tones, and ring back tones; as well as digital video distribution, including the exhibition of music videos in linear programming and video-on-demand (VOD) services, and video downloads. Multi-session audio discs and "locked" content for hard drives and storage media, which consumers may "unlock" by purchasing the tracks or albums online, are also covered under the new arrangement. "This agreement reflects our shared commitment to effectively work together in developing new business opportunities and realize the full promise of the digital age," commented Ron Wilcox, Executive Vice President and Chief Business and Legal Affairs Officer, Sony BMG Music Entertainment. "With this arrangement in place, we can accelerate the introduction of a wide range of products and services that deliver value to consumers and build a stronger and more dynamic marketplace for our artists and their music." In December of 2004, Sony BMG Music Entertainment announced a similar agreement with EMI Music Publishing.
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