EMI Grants Vidnet.com Music Video License
LOS ANGELES, March 2 /PRNewswire/ -- Entertainment Boulevard, Inc. (OTC Bulletin Board: EBLD - news), one of the leading streaming media providers on the Web, announced today that it has signed an agreement with EMI Recorded Music granting Entertainment Boulevard a license to stream selected catalog and new release music videos from EMI artists on Vidnet.com (www.vidnet.com), thus adding to Vidnet's already extensive catalog of music videos. The videos will be free and available on demand to Vidnet's users. Pursuant to the agreement, EMI has received a small equity stake in Entertainment Boulevard.
Vidnet now has the right to stream online music video selections from all of the EMI labels, including Capitol Records, Capitol Nashville, Virgin, Virgin Nashville, Christian Music Group, Angel, Blue Note, Astralwerks, and Priority, on the Vidnet.com Web site.
``We are so excited to be adding music videos by EMI's vast roster of artists to our site. The addition of these videos will enhance our selection immeasurably,' said Stephen Brown, CEO of Entertainment Boulevard. ``We've already satisfied our viewers' demand for high-quality technology; now we can answer their requests for videos by some of music's greatest artists.'
Jay Samit, Senior Vice President, New Media of EMI Recorded Music, said, ``We are pleased that Vidnet.com will be streaming videos from our artists, Vidnet.com's emphasis on ease of use and quality of service provides a great environment in which music fans can enjoy their favorite videos.'
About EMI Recorded Music
EMI Recorded Music, the third largest music company in the world, is an international music company with operations in more than 50 countries. EMI Recorded Music includes important local and international artists including, among many others, The Beastie Boys, Blur, David Bowie, Sarah Brightman, Chemical Brothers, Fat Boy Slim, Ice Cube, Janet Jackson, Lenny Kravitz, Los Tucanes, Radiohead, Smashing Pumpkins, Spice Girls, Tina Turner, Robbie Williams, Cassandra Wilson and Yanni. EMI has artists in every leading music genre, including pop, rock, jazz, classical, Latin, Christian, country, rap/urban and dance. Its current roster includes approximately 1,500 artists who typically release more than 1,200 albums each year; last year EMI had 27 releases that sold in excess of one million units.
About Vidnet
Vidnet, www.vidnet.com, is a division of Entertainment Boulevard, Inc. (OTC Bulletin Board: EBLD - news). Vidnet is one of the leading providers of streaming entertainment-related media on the Internet. Among the firm's Web sites is one of the most comprehensive interactive music video channels on the Web. Vidnet's music site has rapidly become a premier music destination site on the Internet. The firm's mandate of Internet global expansion includes not only increasing the content base and broadening the network channels on the Vidnet network, but also acting as a content aggregator to some of the largest companies on the Web. Based in Los Angeles, Vidnet continues to aggressively develop and implement strategic alliances with key commerce and entertainment companies, broadening its presence worldwide.
Forward-looking statements in this press release are made pursuant to the ``Safe Harbor' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risks and uncertainties, including, without limitation, the continued popularity of the Company's websites and product orders stemming therefrom, increased levels of competition, technological change, dependence upon third party suppliers, and other risks.
CONTACT: Jennifer Gross of People's Revolution, 323-658-8700, jenngross@aol.com, for Vidnet; or Dawn Bridges of EMI Group, 212-492-1275, dawn.bridges@emicap.com; or Investor Relations, David Bronte at Venture Catalyst.com, 310-399-4059 ext. 103, ir@entertainmentblvd.com.
SOURCE: Entertainment Boulevard, Inc. |
