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IODA Inks Worldwide Digital Distribution Deal with China Record Corporation; First Time Music from Oldest and Largest Record Company of Chinese Government Will Be Available Commercially Outside of ChinaSAN FRANCISCO --(Business Wire)-- Sept. 27, 2005 -- IODA -- the Independent Online Distribution Alliance -- today announced a worldwide deal to digitally distribute the music of China Record Corporation (CRC), the Chinese government's oldest and largest record company. The company's partnership with CRC Jianian Cultural Development Co., Ltd, which owns the exclusive worldwide rights to publish and distribute the music of China, marks the first time in history that music from mainland China will be commercially available on a global basis. Initially, IODA will be working in conjunction with CRC Jianian to bring CRC's rich musical catalog to the estimated 50 million overseas Chinese via its network of over 150 digital music outlets. Additionally, IODA is pursuing new deals with digital music services to reach the 1.3 billion people living in mainland China. CRC's immeasurable catalog of traditional Chinese ethnic, classical and folk music features over 60,000 releases spanning some 5,000 years of Chinese musical history, and includes the world-renowned Peking operas and a large collection of children's tunes and pop music. Many of the recordings, which date back to the 1920's and 1930's, are the oldest known recordings in China and offer the world a firsthand opportunity to experience China's remarkable culture through ancient instrumentation and compelling storytelling. "IODA is excited at the opportunity to distribute the vast catalog of the China Record Corporation," said IODA founder and CEO Kevin Arnold. "We are proud to help make China's rich musical history accessible for the first time to scholars, students and fans of Chinese culture around the globe." "CRC Jianian's partnership with IODA has already proven to be an extremely valuable collaboration for our company," said CRC Jianian's Vice President of Music, Jackie Subeck, "and we are honored and privileged to have the opportunity to present this historical Chinese catalog of music to the global market in the digital age." About IODA IODA -- the Independent Online Distribution Alliance -- is the industry-leading digital distribution company for the global independent music community. IODA provides comprehensive services to record labels, physical distributors, and artists, including license negotiations, media encoding and metadata management, royalty payment administration and reporting, and promotional support. Founded in 2003, IODA represents a rapidly expanding roster of over 200,000 tracks from more than 700 independent labels around the globe. The IODA catalog ranges from established classics to modern up-and-comers in all genres, including favorites such as Billie Holliday, London Symphony Orchestra, George Clinton, Animal Collective, Antony & the Johnsons, Bebel Gilberto, Midnight Oil, KRS-One, Duke Ellington, My Morning Jacket, John Lee Hooker, The Wrens, Sean Paul, The Hives, Del the Funkee Homosapien, Built to Spill, Charlie Parker, Ru Paul, They Might Be Giants, Arrested Development, Cracker, Sun Ra, Blackalicious, and Fela Kuti. IODA distributes its client catalog to all major digital music services including the iTunes Music Store, RealNetworks' Rhapsody, MSN Music, Napster, Yahoo!, Sony Connect, MusicNet, eMusic, OD2, and over 150 other retail outlets. IODA was recently named one of FORTUNE magazine's 25 Breakout Companies for 2005. The company's web site is located at http://www.iodalliance.com. About CRC Jianian CRC Jianian's core business model incorporates film, television and music productions in China, including new artist development, and will subsequently lead to the creation of a stable and viable distribution network within the Mainland. In early 2005, CRC Jianian announced its partnership with BMI, marking the first time any of the Chinese songs have been registered with any performing rights organization in the world. CRC Jianian will also manage the use of Western copyrights in China. In addition, the company will utilize its close relationship with the Beijing Olympic Committee and other Chinese governmental entities in presenting premiere musical and cultural events during the 2008 Olympic Games in Beijing. The company's web site is located at www.chinarecords.net. |
