Post by Steve Marinucci on Jun 12, 2008 10:15:47 GMT -5
I was pretty excited about this when I heard about it Thursday. Here's the press release for anyone who didn't see the news item on the site:
EMI AND BBC WORLDWIDE AGREE MAJOR DEAL TO UNLOCK MUSIC ARCHIVE
EMI Music and BBC Worldwide have struck a deal that will see thousands of hours of pop and rock music content, locked away for years, released to the public for the very first time.
The arrangement allows the British-owned music company and its artists to release material from the corporation's extensive archive of TV and radio recordings across multiple platforms including digital. In return BBC Worldwide has the opportunity to use EMI artists’ performances to create new programming which can be sold to international broadcasters and consumers. BBC Worldwide have also acquired the rights to distribute the content direct to consumers via upcoming digital services such as Project Kangaroo*, its joint venture with ITV and Channel 4.
EMI and BBC Worldwide are identifying programme material relating to artists in the EMI family which can be used to create a wide range of products for global release across multiple platforms. The EMI family includes artists such as Kylie Minogue, The Beach Boys, David Bowie, Coldplay, Paul McCartney, Lily Allen and Pink Floyd.
Under the deal EMI will have the opportunity to include BBC recordings from their artists as part of DVDs, CDs and digital downloads whilst BBC Worldwide has the opportunity to drive revenue through international radio and TV programme sales, as well as on-demand streaming from those very same artists. Both companies will also receive reciprocal royalties for each other’s sales.
This unlocking of the BBC archive will make vast quantities of content available in all formats for consumers to enjoy both in the UK and internationally. The deal is part of BBC Worldwide Music’s strategy to derive greater value from the wealth of music-related material in the corporation's archive. The BBC archive covers the entire history of rock and pop.
The deal will look to build upon the release of BBC content previously licensed to EMI by artists such as Coldplay, Queen, Roxy Music and Depeche Mode.
Pete Duckworth, Senior Vice President, Catalogue, EMI Music UK & Ireland says: "We are very excited about this agreement. In the BBC vaults there is a wealth of unreleased and high quality material from EMI artists that we will now be able to bring to fans. At the same time, we can offer new revenue opportunities to our artists that simply weren't there before." Duckworth added that all release proposals will be cleared with the relevant artist.
Paul Dempsey, Director of Audio & Music, BBC Worldwide, says: "We’re delighted to be working with EMI and we see this as a terrific partnership. This deal is a prime example of the commercial opportunities available to artists, their labels and BBC Worldwide when we work together to release this incredibly rich archive of content. It’s also great news for music fans who are always hungry for more content from their favourite artist or band."