EXHIBIT 99.1
[GRAPHIC] [GRAPHIC]
ASCAP TOUCHTUNES
Contact:
Xxx Xxxxxxxxxx
000-000-0000
xxxxxxxxxxx@xxxxx.xxx
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Xxxxxx Xxxxxx
000-000-0000
xxxxxxx@xxxxxxxxxx.xxx
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ASCAP AND TOUCHTUNES MUSIC REACH AGREEMENT
ON LICENSE FOR DIGITAL JUKEBOX PERFORMANCES
ASCAP Senior Vice President of Licensing, Xxxxxxx Xxxxxxxxx, and Xxxx Xxxxxxxxx,
President and CEO of TouchTunes Music Corporation today jointly announced that
ASCAP (The American Society of Composers, Authors and Publishers) has entered
into a license agreement with industry leader TouchTunes covering the right to
perform all music in the ASCAP repertory on some 7500 TouchTunes digital
jukeboxes located in bars, restaurants, and other establishments throughout the
U.S.
Under the new agreement, ASCAP will receive detailed performance information on
all songs performed on the TouchTunes digital jukeboxes to enable ASCAP to
compensate writers and publishers fairly. The license covers machines that are
coin-operated (or by debit or credit card) by patrons in establishments that
make no direct or indirect charge for admission. The new license agreement
covers TouchTunes performances only. Live music performances and those rendered
via CD's, streaming of concerts, audio-visual, karaoke, etc., require separate
license arrangements. Each TouchTunes digital jukebox will have a screen
certifying that it is properly licensed for the performance of music in the
ASCAP repertory.
TouchTunes is currently the leading provider of interactive, music-on-demand,
digital-downloading jukeboxes to the coin-operated machine industry across the
United States. TouchTunes is licensed by the vast majority of music rights
owners including Music Labels, Publishers as well as with various artists and
bands, which permit the secure transmission, storing and playing of digitized
copies of music masters on TouchTunes' central database and throughout its
network of digital jukeboxes.
Established in 1914 and this year celebrating its 90th anniversary, ASCAP is the
world's largest performing right organization with over 175,000 composer,
lyricist and music publisher members. XXXXX's repertory spans the entire
spectrum of music -- from pop to symphonic, rock to gospel, Latin to country, to
jazz, rhythm and blues, theater, film and television music. ASCAP's Board of
Directors is made up solely of writers and publishers elected by the membership.
