Warner Music Group (NYSE: WMG), and Brilliant
Technologies Corporation (OTCBB: BLLN) today announced an agreement to
offer music from WMG's world-renowned artists for streaming and
limited download on Brilliant's Qtrax legal peer-to-peer (P2P) music
network.
Qtrax is a groundbreaking ad-supported P2P digital content
distribution system designed to provide the legal sharing,
distribution and intellectual property protection of content while
driving new revenue streams from legal P2P online sampling of music,
and promoting digital purchase or subscription.
Audible Magic Corporation's digital fingerprinting and copyright
filtering services will be used to limit unauthorized distribution of
copyrighted content transferred via the Qtrax P2P network.
George White, Senior Vice President, Strategy and Product
Development, WMG, said, "The Qtrax service represents an innovative
business model, one that offers our artists another way to reach fans
using the potential of peer-to-peer technology while ensuring they are
fairly compensated for the use of their work."
Qtrax CEO, Allan Klepfisz added, "WMG, being the largest
U.S.-based family of recorded music labels, has made major moves in
the area of digital distribution, maximizing the earning potential of
their extensive catalog. We are proud to be in their stable of
preferred distributors and look forward to working with them on
developing the multi-million-transaction-per month marketplace of
P2P."
A leader in the sale and marketing of WMG's digital music content,
WEA Corp. had the highest gain of digital track share of any major
U.S. distributor in the first half of 2006, according to Nielsen
SoundScan. In addition, WMG had four of the Top 10 highest-selling
digital tracks including the No. 1 and No. 2 digital tracks, Daniel
Powter's "Bad Day," and Sean Paul's "Temperature" in that period.
About Warner Music Group
Warner Music Group (WMG) became the only stand-alone music company
to be publicly traded in the United States in May 2005. With its broad
roster of new stars and legendary artists, Warner Music Group is home
to a collection of the best-known record labels in the music industry
including Atlantic, Bad Boy, Elektra, Lava, Maverick, Nonesuch,
Reprise, Rhino, Rykodisc, Sire, Warner Bros. and Word. Warner Music
International, a leading company in national and international
repertoire operates through numerous international affiliates and
licensees in more than 50 countries. Warner Music Group also includes
Warner/Chappell Music, one of the world's leading music publishers.
For more information about WMG, visit www.wmg.com.
About Brilliant Technologies:
Brilliant Technologies Corporation is a technology holding company
devoted to technology identification as 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, that will include services provided by
Audible Magic Corporation. The Company has offices in New York, New
York and Melbourne, Australia.
