24th Jan 2019 07:00
24 January 2019
EVR Holdings plc
('EVR' or the 'Company')
MelodyVR signs Label agreement with AWAL and extends Warner Music Group deal
EVR Holdings plc (AIM: EVRH), a leading creator of virtual reality music content, is pleased to announce that its subsidiary MelodyVR Ltd ('MelodyVR') has signed a VR content creation and distribution agreement with AWAL Digital Limited ("AWAL"), Kobalt's Recording company and has extended its existing agreement with Warner Music Inc. and Warner Music International Services Limited (collectively, 'Warner Music Group ').
The framework agreement with AWAL is intended to facilitate the creation and distribution of virtual reality content featuring AWAL artists. As part of the relationship, MelodyVR will receive the right to distribute both live and pre-recorded content created with Kobalt artists via its music platform for an exclusive period, followed by a period of joint-exploitation by both parties.
The Company is also pleased to announce the extension to its existing agreement with Warner Music Group, one of the three largest record companies in the world. These content and distribution agreements enhance MelodyVR's distribution capabilities with respect to its extensive content library.
Anthony Matchett, CEO of EVR Holdings, said: "In addition to Kobalt representing a significant number of songwriters and publishing rights, AWAL also represent and provide a number of artists with label services. I am pleased to enter into this additional label agreement, which will facilitate the production and distribution of VR content, with AWAL's artists. In addition, I'm pleased to extend the duration of our agreement with Warner, who are one of our longest-standing partners. With an exciting 2019 ahead, we look forward to our continued partnership with Warner and to working more closely with AWAL moving forwards."
For further information please contact:
EVR Holdings plc |
|
Anthony Matchett, Executive Chairman & CEO | Tel: +44 (0) 20 7097 5737 |
Andy Brown, Chief Financial Officer | www.evrholdings.com |
|
|
Investec Bank plc: Nominated Adviser, Financial Adviser and Corporate Broker | Tel: +44 (0) 20 7597 5970 |
Corporate Finance: David Anderson / Junya Iwamoto |
|
Corporate Broking: Sara Hale / Helene Comitis |
|
Notes to Editors:
MelodyVR is a wholly owned subsidiary of EVR Holdings plc ('EVR'), a company that is listed on the AIM market of the London Stock Exchange under the ticker EVRH.L. EVR, a creator of virtual reality content, joined AIM on 16 May 2016 following a reverse takeover of Armstrong Ventures plc. Further information can be viewed at www.evrholdings.com and www.melodyvr.com
For more information on Melody VR, please visit:
www.melodyvr.com
- Ends -
Related Shares:
EVRH.L