Destiny Media Tech Inc (DSNY)

[sevted]

It's not a renewal. I read it that many existing agreements in various countries with emi and universal are being replaced by a single global agreement that includes new business in countries where there currently is no agreement.

Previously, Destiny had contracts and understandings with both UMG and EMI at both the parent and sub label level in North America and Internationally across a number of currencies.


“It was important for us to standardize on a single agreement with Destiny across all of our territories”, says Mark Moroney, VP Production Universal Music Group International. “This new deal provides consistent pricing and terms worldwide, allowing expansion to new countries and recipient types without the need for further negotiation.”