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NEW YORK, NY -- August 10, 2006 -- EMI Music Publishing, the
world's largest music publishing organization, and Brilliant
Technologies Corporation today announced that EMI has licensed
its music publishing properties for listening and download on
Brilliant's Qtrax legal P2P music network. Qtrax is a groundbreaking
ad-supported peer-to-peer digital content distribution system
designed to provide for the legal sharing, distribution and
intellectual property protection of content while driving new
revenue streams for the legal peer-to-peer online distribution of
EMI's prestigious catalogue of recorded music.
"We are delighted to support Qtrax's innovative approach; it fits
perfectly into the EMI Music Publishing strategy of embracing new,
precedent setting business models that have the potential to expand
the market for music. Qtrax presents a legitimate way to deliver the
music of our roster of songwriters to more music fans in a
peer-to-peer distribution model designed to ensure both rights
protection and writer/publisher compensation from the substantial
pool of internet advertising dollars. The Qtrax ad supported model
gives us yet another important vehicle from which we can continue to
maximize the earning potential and expand the reach of the world's
largest publishing company," said Roger Faxon, Co-CEO of EMI Music
Publishing.
"We are very pleased to have EMI Music Publishing as our partner
in pioneering new ways to enhance and create new royalty streams for
writers and music publishers," said Allan Klepfisz, President &
CEO of Brilliant Technologies Corporation. "EMI understands the
sometimes competing requirements of fans, artists and copyright
owners and the leadership role and responsibility they have to
expand catalogue exposure while protecting the rights of their
writer and publisher partners. We are proud to work with EMI to
pioneer new revenue streams and believe that Qtrax will represent a
long-overdue 'common ground' meeting the disparate needs of creators
and consumers in the profound marketplace that is P2P."
Financial terms of the deal were not disclosed.
About EMI Music Publishing: EMI Music
Publishing is the world's largest and most creative music publisher
with more than one million copyrights including some of the best
known songs ever written: "New York, New York," "Over the Rainbow"
and "Singin' in the Rain." Its current hit-making writers and
producers include: Usher, Jermaine Dupri, Jay-Z, James Blunt and
Pink.
About Brilliant Technologies: Brilliant
Technologies Corporation is a technology holding company devoted to
technology identification and acquisition, as well as research and
development leading to commercialization of innovative products,
including proprietary technologies. Through its subsidiary,
LTDnetwork, Inc. ("LTD"), the Company owns a range of cutting-edge
proprietary software products developed by LTD that are designed to
facilitate and enhance the purchasing experience of both its own
customers and those of leading Internet companies that will utilize
the products under joint venture or licensing arrangements. The
Company is currently preparing for the launch of LTD's innovative
P2P file sharing service, Qtrax. The Company has offices in New
York, New York and Melbourne, Australia.
- ENDS -
Enquiries
Brilliant Technologies/Qtrax: Sarah McMullen McMullen &
Co Public Relations 310-283-7907
EMI Music Publishing Group: Janice
Brock 212-492-1964 |