EVR Holdings PLC Agreement with AWAL & Warner Music Group extension (9384N)
24 January 2019 - 6:00PM
UK Regulatory
TIDMEVRH
RNS Number : 9384N
EVR Holdings PLC
24 January 2019
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 Tel: +44 (0) 20 7597 5970
Adviser and Corporate Broker
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 -
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END
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