Patented Technology Allows Secure Digital Review for The Recording
Academy(R)'s Voting Members
TORONTO, Oct. 14 /CNW/ - YANGAROO Inc., (TSX-V: YOO, OTCBB: YOOIF) the industry's leading secure digital media distribution company, has entered into a multi-year agreement with The Recording Academy(R), the organization responsible for the world's leading music award show, the GRAMMY(R) Awards. The Recording Academy will utilize YANGAROO's patented Digital Media Distribution System (DMDS) to distribute music submitted for GRAMMY Award consideration to the more than 12,000 voting members of The Academy throughout the U.S. By using this technology, submitted music will be digitally ingested into DMDS and The Academy will then use the system to securely distribute the music to voting members, allowing them to stream the music online for review.
"For quite some time now, we have been working diligently to move the entire GRAMMY voting process to a digital platform, and DMDS provides the proven and tested solution we have been looking for," said Neil Portnow, President/CEO of The Recording Academy. "We are pleased to partner with an industry leader like YANGAROO as we streamline our operations and move closer to our digital strategy goals, which include providing an online listening function for our voting members."
DMDS will be in place for the upcoming 52nd Annual GRAMMY Awards. The nominees will be announced live at 8 p.m. ET on December 2 in a one-hour special on CBS, and the 52nd GRAMMY Awards telecast will take place at STAPLES Center in Los Angeles on January 31, 2010, and will be broadcast live on CBS (8 - 11 p.m. ET/PT).
"The GRAMMY Awards is the most recognized music award show in the world," said Cliff Hunt, Chairman and COO of YANGAROO, "We look forward to a long and successful relationship with The Academy."
About The Recording Academy:
Established in 1957, The Recording Academy is an organization of musicians, producers, engineers and recording professionals that is dedicated to improving the cultural condition and quality of life for music and its makers. Internationally known for the GRAMMY Awards - the preeminent peer-recognized award for musical excellence and the most credible brand in music - The Recording Academy is responsible for groundbreaking professional development, cultural enrichment, advocacy, education and human services programs. The Academy continues to focus on its mission of recognizing musical excellence, advocating for the well-being of music makers and ensuring music remains an indelible part of our culture. For more information about The Academy, please visit www.grammy.com. For breaking news and exclusive content, join the organization's social networks as a Twitter follower at www.twitter.com/thegrammys, a Facebook fan at www.facebook.com/thegrammys, and a YouTube channel subscriber at www.youtube.com/thegrammys.
YANGAROO's patented Digital Media Distribution System (DMDS) is a leading secure B2B digital delivery solution for the music and advertising industries. DMDS is a web-based delivery system that pioneers secure digital file distribution by incorporating biometrics, high-value encryption and watermarking. DMDS replaces the physical distribution of audio and video content for music, music videos, and advertising to television, radio, media, retailers and other authorized recipients with more accountable, effective, and far less costly digital delivery of broadcast quality media via the Internet.
Named one of Canada's Top 100 Tech Companies for 2009 by Canadian Business, YANGAROO has offices in Toronto, New York, Los Angeles, and London, U.K. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB:YOOIF.
The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE YANGAROO Inc.
For further information: For further information: please contact John Heaven at (905) 763-3553 or visit www.yangaroo.com; Contacts YANGAROO: Matthew Caldecutt, Gina Preoteasa, Trylon SMR, (212) 725-2295, firstname.lastname@example.org , email@example.com; Contacts The Recording Academy: Barb Dehgan, Lourdes Lopez, (310) 392-3777, firstname.lastname@example.org, email@example.com