RMD Entertainment's Alignment With Napster Is Paying Off Globally
PHILADELPHIA, PA -- (MARKET WIRE) -- 01/19/2006 -- RMD Entertainment Group (OTC: RMDG) has secured a prominent place on top of the global digital music revolution by aligning with Napster. Napster, the biggest brand in digital music, announced earlier that they have officially passed the half million mark for premium paid subscriptions to their global service and in addition, surpassed the 50,000 mark for college students subscribing through their leading university program. With their subscriber base growing in the last year alone by 100%, it is evident that digital music has arrived as the most dominant form of consumer music exchange.
RMD CEO Giorgio Costonis had this to say, "By aligning with Napster in 2005, RMD Entertainment Group secured one of the most powerful strategic relationships possible. By making content available for digital distribution via Napster globally, RMD not only paved a way for our artists to get maximum exposure, but we also secured the best possible method for our company and stockholders alike to share in the most significant revenue stream possible. This is all by design -- the future for RMD and Napster is now."
Napster is now available in the United States, Canada, Germany and the U.K. With each additional territory comes another opportunity for RMD Entertainment Group to strengthen its hold on the music industry of tomorrow.
About RMD Entertainment Group.
RMD Entertainment Group (RMD) is a cutting-edge entertainment company with a primary focus on selling hip-hop music internationally. Additionally, the company markets other Hip-Hop lifestyle products to its music audience. RMD has a vast worldwide distribution network for its music to be sold to the end consumer in compact disc formats, digital downloads, and personal ring tones for mobile customers. RMD's hip-hop catalogue is exclusively distributed by Bungalo Records in North America, which is exclusively distributed by Universal Music Group -- while European distribution is handled entirely by the Pickwick Group of London England. RMD's dance music catalogue is exclusively distributed by Inversus Records of Miami, FL.
