The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Newsfile Corp

Destiny Media Announces Global Distribution Contract with Universal Music Group - Video Posted on

Monday, April 08, 2013

Destiny Media Announces Global Distribution Contract with Universal Music Group - Video Posted on

17:14 EDT Monday, April 08, 2013

Vancouver, British Columbia--(Newsfile Corp. - April 8, 2013) - Destiny Media (TSXV:DSY) (OTCQX:DSNY) has announced a global services contract with the Universal Music Group to provide secure distribution of pre-release music to radio, label staff, and other trusted recipients worldwide. Universal Music Group, the global music leader, with wholly owned operations in 60 territories, owns the most extensive catalogue of music in the industry, consisting of dozens of record labels, including the last 100 years of the world’s most popular artists and their recordings.

If you cannot view the video above, please visit: has produced a “video news alert” about Destiny Media. If this link is not enabled, please visit and enter “Destiny” in the search box.

The initial 24 month term includes a guaranteed minimum monthly required usage, and covers transmission of music and music videos by UMG labels, Universal affiliates and Universal licensees. The distribution will be handled by Destiny’s Play MPE® system, an automated service containing patented locking and watermarking technologies, providing secure distribution and marketing of pre-release music and videos to radio and other trusted users.

"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."

Steve Vestergaard, Destiny CEO, says that with the acquisition of EMI, Universal Music Group is expected to represent over 40% of major label transaction volume. "We've been working on building our system for several years, with the goal of increased usage when the new software rolled out. This new agreement clears the way for us to work with the staff at the parent to market to their own regional staff to expand to new territories and recipient types."

Destiny is also launching a new cross platform playerless streaming video format that doesn't require streaming servers. The new format, utilizing the same bandwidth and infrastructure, is designed to reach up to one hundred times as many viewers as other solutions, allowing publishers to deliver video content to internet TV's, smart phones, tablets, e-book readers and computers from a standard web server, without the cost of transcoding.

The shares are trading at $0.80, and with 51.2 million shares outstanding, the company is capitalized at $41 million.

For a more information, please visit , phone Steve Vestergaard at 604-609-7736 or email .

In the U.S., the investor relations is handled by Dave Mossberg of Three Part Advisors, who can be reached at 817-310-0051.

About InvestmentPitch, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing three minute videos based on news releases and research reports.

Barry Morgan, CFO

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail App

    The New Globe and Mail App for iPhone®, iPad® and Apple Watch download

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
Other Sections