Warner Music Group and Brilliant Technologies Announce Agreement to Offer WMG's Catalog for Qtrax, the World's First Ad-Supported P2P Legal Service
NEW YORK-Sept. 18, 2006--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.