Warner Music Group and FullAudio To Sell Thousands of Tracks Online

New Agreement Enables FullAudio Subscribers To Securely Download and Burn recordings from Warner Music Group's world renowned catalog

NEW YORK AND CHICAGO -Warner Music Group (WMG) and FullAudio announced today that the two companies have expanded their relationship,signing a second agreement to allow subscribers to FullAudio's digital music service to purchase individual tracks from WMG's extensive catalog. Underthis new non-exclusive agreement, FullAudio users in the U.S. will be offered the convenience and flexibility of being able to buy tracks online, download them to a PC or secure portable device, and burn them to a recordable CD. Today's news builds upon the existing agreement between the two companies, which was announced in April 2002 when WMG licensed its controlled recordings to FullAudio for inclusion in its digital music subscription service.
"With this second agreement, FullAudio users can choose from thousands of tracks by some of WMG's renowned artists and purchase those tracks instantly," said Paul Vidich, executive vice president, strategic planning and business development for Warner Music Group. "By continuing to work with our partners in the online community, we can make more music available in a way that addresses the consumer's desire to experience high quality music easily, securely and with maximum flexibility."

"We are pleased to work with Warner Music Group to offer ownable, burnable tracks," said Chris Gladwin, CEO of FullAudio. "This gives our customers what they want, and ensures that our channel partners can deliver compelling, high-quality music services to their customers."

FullAudio plans to include the WMG-controlled tracks in the digital music services of its channel partners, such as Clear Channel. By partnering with FullAudio, Clear Channel is delivering on-demand music services to its customers, which leverage their existing branding, marketing, customer acquisition, loyalty, and retention programs. FullAudio subscribers will be able to purchase WMG-controlled tracks by the fall of 2002.

FullAudio has secured sound recording rights from Warner Music Group, EMI Recorded Music, Universal Music Group, and BMG. FullAudio also has obtained publishing rights from Universal Music Publishing, EMI Music Publishing, BMG Music Publishing, Sony Music Publishing, and the Harry Fox Agency. Both sets of rights are required to appropriately compensate copyright holders, including performers and songwriters, represented in FullAudio's extensive catalog of digital music.

About Warner Music Group
Warner Music Group is home to some of the world's leading record companies, including The Atlantic Group, Elektra Entertainment Group, Rhino Entertainment, Warner Bros. Records Inc. and Word Entertainment. The company's Warner Music International, with a roster of more than 1,000 artists, operates in more than 70 countries through various subsidiaries, affiliates and non-affiliated licensees. Warner Music Group also includes one of the world's leading music and print music publishers, Warner/Chappell, and WEA Inc., which is composed of three companies, WEA Corp., WEA Manufacturing, and Ivy Hill. Warner Music Group is an AOL Time Warner company. For more information about Warner Music Group visit our corporate website at Warner Music Group(www.wmg.com).

--------------------------------------------------
www.ldpoint.com - services and news