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MelodyVR licenses content to Facebook

4th Jul 2019 12:00

RNS Number : 4966E
EVR Holdings PLC
04 July 2019
 

EVR Holdings plc("EVR" or the "Company")MelodyVR licenses content to Facebook Technologies LLC

 

EVR Holdings plc (AIM:EVRH), the leading creator of virtual reality entertainment content and operator of the MelodyVR platform, is pleased to announce that it has entered into a content licensing agreement with Facebook Technologies, LLC ("Facebook").

 

The agreement will see MelodyVR's content utilised by Facebook/Oculus for advertising purposes and licenses its exploitation across YouTube, Facebook, Instagram, and via the Oculus Website, for a period of 9 months. As part of the agreement, MelodyVR will receive a license fee which it will in-part, share with the rightsholders whom represent the artists featured within the content.

 

Facebook will also provide MelodyVR with a number of marketing commitments including; featured placements on the Oculus platform and in email marketing as well as inclusion in PR communications and activities in relation to the advertisements, details of which will be mutually agreed between Melody and Oculus at a later date.

For further information please contact:EVR Holdings plcAnthony Matchett, Executive Chairman & CEO Tel: +44 (0) 20 7097 5737Andy Brown, Chief Financial Officer www.evrholdings.com Investec Bank plc: Nominated Adviser, Financial Adviser Tel: +44 (0)20 7597 5970and Corporate BrokerCorporate Finance: David Anderson / Junya Iwamoto Corporate Broking: Sara Hale Notes to Editors:MelodyVR is a wholly owned subsidiary of EVR Holdings plc ('EVR'), acompany that is listed on the AIM market of the London Stock Exchangeunder the ticker EVRH.L.For more information on Melody VR, please visit: www.melodyvr.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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