WARNER MUSIC AND COMP MUSIC ANNOUNCE EXCLUSIVE LICENSING AGREEMENT.

Comp Music to manufacture and distribute Warner Music repertoire in Ukraine


Warner Music Group (WMG) and Comp Music announced an exclusive licensing agreement which will see Comp Music market, manufacture and distribute WMG’s repertoire on physical formats in the Ukraine. ? The deal is effective immediately and covers both new and catalog releases.

Comp Music will manufacture special Cyrillic versions of Warner Music products at manufacturing plants approved by the International Federation of the Phonographic Industry (IFPI). In addition, Comp Music will import premium-priced international CD, DVD and LP product for high-end retail in the country.?

Comp Music will exclusively collect public performance fees for Warner Music recordings from the local IFPI-approved collection societies. Comp Music and Warner Music will also work together on other activities such as synchronizations as well as third party and branded compilations.?

John Reid, CEO, Warner Music Europe & Vice Chairman, Warner Music International said: "We are aggressively combating the trade of counterfeit music product in the Ukraine at the same time as ensuring fans can easily access legitimate, high-quality alternatives. To this end, Comp Music has the local expertise, contacts and experience to be a first class partner, helping us develop new opportunities for our artists in the physical market, in tandem with efforts to grow the digital business across the region."?

Oleg Dolinsky, Managing Director, Comp Music said: "For the first time in Ukrainian music history one company will represent catalogues from two majors – Warner Music and EMI. We are proud of being engaged in the development of the legal music market in Ukraine, and what we've achieved in making high-quality music products more readily available. The cooperation with our new partner Warner Music, one of the world's biggest recording companies, will bring first-class new music to our country."

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About Warner Music Group:
Warner Music Group became the only stand-alone music company to be publicly traded in the United States in May 2005. With its broad roster of new stars and legendary artists, Warner Music Group is home to a collection of the best-known record labels in the music industry including Asylum, Atlantic, Cordless, East West, Elektra, Nonesuch, Reprise, Rhino, Roadrunner, Rykodisc, Sire, Warner Bros. and Word. Warner Music International, a leading company in national and international repertoire, operates through numerous international affiliates and licensees in more than 50 countries. Warner Music Group also includes Warner/Chappell Music, one of the world's leading music publishers, with a catalog of more than one million copyrights worldwide.

About Comp Music:
Comp Music is the one of the oldest Ukrainian record companies, with a 17 year history. The firm is the long-time distributor of numerous independent music labels including ECM, Enja, Tzadik, Harmonia Mundi, ACT and others. Since 2000, the company has represented the catalogue of EMI Music on exclusive basis. There are mega-stars in EMI catalogue such as The Beatles, Pink Floyd, Queen, Robbie Williams, Depeche Mode, Kylie Minogue and many others.? During the last eight years, Comp Music has been actively working with many Ukrainian artists, building up a strong multi-genre local catalogue including Haydamaky, Ruslana, Evgenia Vlasova, Mad Heads XL, Rosava, D.Lemma and many others. As a result, Ruslana’s album "Dyki Tanci" became the first domestic artist release to reach local platinum status and internationally Ruslana, Mad Heads XL and Haydamaky albums were released in a number of countries. Since 2009 Comp Music’s complete Ukrainian catalogue has been available through popular digital stores like iTunes, e-Music, etc. Since 2003 Comp Music Publishing - Comp Music Ltd’s affiliate – has been publishing Ukrainian composers and writers while at the same time having an exclusive sub-publishing agreement with EMI Music Publishing.