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NEW YORK, NY -- August 10, 2006 -- EMI Music Publishing, the world's largest music publishing organization, and Brilliant Technologies Corporation today announced that EMI has licensed its music publishing properties for listening and download on Brilliant's Qtrax legal P2P music network. Qtrax is a groundbreaking ad-supported peer-to-peer digital content distribution system designed to provide for the legal sharing, distribution and intellectual property protection of content while driving new revenue streams for the legal peer-to-peer online distribution of EMI's prestigious catalogue of recorded music.
"We are delighted to support Qtrax's innovative approach; it fits perfectly into the EMI Music Publishing strategy of embracing new, precedent setting business models that have the potential to expand the market for music. Qtrax presents a legitimate way to deliver the music of our roster of songwriters to more music fans in a peer-to-peer distribution model designed to ensure both rights protection and writer/publisher compensation from the substantial pool of internet advertising dollars. The Qtrax ad supported model gives us yet another important vehicle from which we can continue to maximize the earning potential and expand the reach of the world's largest publishing company," said Roger Faxon, Co-CEO of EMI Music Publishing.
"We are very pleased to have EMI Music Publishing as our partner in pioneering new ways to enhance and create new royalty streams for writers and music publishers," said Allan Klepfisz, President & CEO of Brilliant Technologies Corporation. "EMI understands the sometimes competing requirements of fans, artists and copyright owners and the leadership role and responsibility they have to expand catalogue exposure while protecting the rights of their writer and publisher partners. We are proud to work with EMI to pioneer new revenue streams and believe that Qtrax will represent a long-overdue 'common ground' meeting the disparate needs of creators and consumers in the profound marketplace that is P2P."
Financial terms of the deal were not disclosed.
About EMI Music Publishing: EMI Music Publishing is the world's largest and most creative music publisher with more than one million copyrights including some of the best known songs ever written: "New York, New York," "Over the Rainbow" and "Singin' in the Rain." Its current hit-making writers and producers include: Usher, Jermaine Dupri, Jay-Z, James Blunt and Pink.
About Brilliant Technologies: Brilliant Technologies Corporation is a technology holding company devoted to technology identification and acquisition, as well as research and development leading to commercialization of innovative products, including proprietary technologies. Through its subsidiary, LTDnetwork, Inc. ("LTD"), the Company owns a range of cutting-edge proprietary software products developed by LTD that are designed to facilitate and enhance the purchasing experience of both its own customers and those of leading Internet companies that will utilize the products under joint venture or licensing arrangements. The Company is currently preparing for the launch of LTD's innovative P2P file sharing service, Qtrax. The Company has offices in New York, New York and Melbourne, Australia.
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Enquiries
Brilliant Technologies/Qtrax: Sarah McMullen McMullen & Co Public Relations 310-283-7907
EMI Music Publishing Group: Janice Brock 212-492-1964 |