08/22/2007- Acquires More Music and Video Content Jan 3, 2008 16:22:21 GMT -5
Post by Franko10 ™ on Jan 3, 2008 16:22:21 GMT -5
August 22, 2007
Fuego Entertainment Acquires More Music and Video Content; Executes Exclusive Music Publishing Agreement with Europe’s Music Publishing Giant, Ediciones Musicales Clipper’s S.L.
MIAMI, August 22, 2007 -- Fuego Entertainment, Inc. (OTCBB: FUGO) announced today the execution of a three (3) year exclusive music publishing agreement with Ediciones Musicales Clipper’s S.L. (www.clippersmusic.org) one of Europe’s leading music publishing companies.
Under this agreement Fuego has assigned the rights for Clipper’s to manage and administer for the territory of Europe for all music compositions managed or controlled by Fuego. These exclusive rights include Clipper’s ability to grant non-exclusive licenses of Fuego’s music catalog for dramatic or non-dramatic use of the compositions in European productions of motion pictures, advertisements, television, and films, and to collect all royalties and fees by reasons thereof. Among the artists whose music compositions are managed or administered by Clipper’s are Elvis Presley, The Beatles, Bruce Springsteen, Cher, Julio Iglesias, David Bisbal, and others.
“Fuego continues to expand with the recent acquisition of the entire music catalog from Tota Productions and our distribution agreements with UK’s VidZone, Digital Music Group, and now, our agreement with Ediciones Musicales Clipper’s,” stated Hugo Cancio, CEO of Fuego Entertainment. “We continue our commitment to acquire and release the best music and video content available as the key to our long-term goal of becoming a major force in Latin media and entertainment.”
Additionally, Fuego announces a new five-year exclusive licensing and distribution agreement of over 150 audio music and video content. Among these 150 compilations are Raul Guara with his albums “Tribute to Motown” and “Como para Chuparse Los Dedos,” Jose Mella with his album “Loraras mis Penas,” and Elvis Manuel with his album “La Tuba.”
Fuego’s music catalog is available at music stores around worldwide and for digital download through iTunes Store, Napster, AmazonUnbox, Yahoo! Music, Starbucks Entertainment, Virgin Digital, Verizon, TMobile, Vodafone, eMusic and others. Fuego’s video content is available at Google Video, iTunes Store, YouTube, Veoh, and others. Additionally, Fuego’s film releases will soon be available at Veoh, Netflix, and other retail distributors.
Fuego Entertainment, Inc. is engaged in the production, acquisition, marketing, sales, and distribution of entertainment products. For more information, please visit Fuego Entertainment at www.fuegoentertainment.net.
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Fuego Entertainment, Inc., members of their management, and assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.
Fuego Entertainment, Inc.