Says Chuck Kaye, President of DreamWorks Music Publishing, "New technology has allowed imaginative people to create a variety of valuable opportunities for the music community. Income can now be generated in ways that never existed before. LicenseMusic.com has capitalized on a wonderful idea and we at DreamWorks Music are excited to be a part of it. Historically, publishing has always been a 'penny' business and this new way to find and license music has basically become "found" money for publishers actively seeking new ways to exploit their catalogs. We're looking forward to a successful, prosperous relationship with LicenseMusic.com."
"Today, the Internet already offers a significant opportunity for music publishers to generate revenue. In just a few years, the Internet will be as integral to business as the telephone is today," stated LicenseMusic.com CEO Gerd Leonhard. "We expect that revenues from business-to-business music transactions will be driven to new heights by the new media applications, and that the market will vastly expand over the next 5 years. Gradually, we will start to see more and more Internet-centric companies, such as LicenseMusic.com, working hand-in-hand with music publishing companies to take advantage of this opportunity. I applaud Chuck Kaye and his team for their pioneering spirit and vision in working with LicenseMusic.com to derive new revenues from music licensing via the Internet, and look forward to this new partnership."
LicenseMusic.com is a business-to-business music company that licenses and delivers music via the Internet to worldwide clients in the audio-visual production industries. The site represents the catalogs of over 200 record labels and music publishers including Harmonia Mundi, Milan Entertainment, Chesky, Warlock Records and Knitmedia; production music libraries including Aircraft, JRT Music and Valentino and a growing library of music from unsigned artists. LicenseMusic.com has partnerships with BMI, Getty Images (NASDAQ: GETY), AVID (NASDAQ: AVID), Soundelux Entertainment Group and Playboy Entertainment Group (NYSE: PLA). The LicenseMusic.com collection contains more than 50,000 pre-cleared tracks available for instant, online transacting with access to over one million tracks through its network of providers.
About Dreamworks Music Publishing
DreamWorks Music Publishing was formed in 1996 by veteran music publishing executive Chuck Kaye. Catalogs that DreamWorks represents range from John Denver, Billy Strayhorn and Stevie Ray Vaughan to the Motels and X. Current artists represented by DreamWorks range from Papa Roach and Powerman 5000 to Brenda Russell and newcomers Lifehouse. DreamWorks songwriters have placed songs with artists such as Celine Dion, Barbra Streisand, Sisqo and Backstreet Boys. The company has placed songs in a variety of films and soundtracks including "Pay It Forward," "Nutty Professor II: The Klumps," "Runaway Bride," "Wild Wild West," "Good Will Hunting," "Armageddon," "End Of Days," "Liberty Heights," "Scream 3, and "Little Nicky", among others. TV placements include "Spin City," "Dawson's Creek," "The West Wing," "Roswell," "Malcolm In The Middle" and numerous others. DreamWorks Music Publishing is a division of DreamWorks/SKG, which was formed in October 1994 by its three principal partners - Steven Spielberg, Jeffrey Katzenberg and David Geffen - to produce live-action motion pictures; animated feature films; network, syndicated and cable television programming; home video entertainment; records; books; toys; consumer products; and interactive entertainment.