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NetMusic Inks Content Acquisition Deal With South Asia's Number 1 Digital Music And Film Provider
NetMusic Entertainment Corporation announced that the company has closed a deal to distribute a large variety of Bollywood films and Hindu language music from hungama.com (http://www.hungama.com/), a subsidiary and content distribution arm of South Asia's largest media marketing firms, Virtual Marketing India Pvt. Ltd., operating under the DBA of "Branding Brands" (http://www.brandingbrands.net/) and (http://www.indiafm.com/). The deal will launch NetMusic and its wholesale distribution partners into the exploding growth market of foreign language content. NetMusic will be able to market this entertainment to consumers both in the U.S. and across the globe. The company expects to begin generating significant revenues from foreign content by the fourth quarter of this year. According to NetMusic Chairman and CEO, Glen Starchman, "We've been aggressively pursuing the foreign content and foreign language markets for over a year, and now those efforts are starting to be positioned exactly as we have desired. Reports have indicated a market of well over one million consumers in the U.S. alone for the content from this deal, not to mention even larger bases in Europe and Asia. We have always believed that the revenue opportunities for this type of material are substantial, and with this acquisition, we intend to deliver upon that belief."
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