Financial Press Releases

Dada reaches an agreement with Universal Music and offers a promotion of free and unlimited streaming of its entire catalogue
 
 Dada - The Music Movement is the first and only music store where Italian users can find DRM-free music in Mp3 format by Universal artists


Florence, December 10, 2008
- The Universal Music Group (UMG), the largest record company in the world and an international leader in terms of revenues (the Group's market share was 28.8% in 2007), has just made its digital music catalogue available on Dada - The Music Movement (www.dada.it).

Universal Music is the last of the "Big four" in the world music marketplace to choose Dada to distribute its artists (including Amy Winehouse, U2, Jovanotti, Anastacia, Metallica etc.) in Italy, offering high-quality Mp3s without Digital Rights Management protection (DRM-free): this means that users can copy, transfer and play the music without any restrictions on their computers, cell phones, iPods, iPhone and all other kinds of digital music players.

"Universal Music's choice to market their catalogue without DRM protection" - stated Fabio Riveruzzi from the Digital Division of Universal Music Italy -"found an excellent proposal with the Dada Music Movement project...this is an excellent way to offer everyone quality music from Universal's catalogue in a safe and legal way.

With 300,000 tracks enjoyed by users every month and a catalogue of more than 2 million licensed songs, to which Universal's 200,000 songs will be added, Dada confirms itself as one of the most avant-garde products in the digital music panorama.

With the completion of agreements with all the major record labels (Universal, Emi, Sony BMG Music Entertainment and Warner Music Group) and with The Orchard, the largest aggregator of independent labels, Dada is currently offering a promotion that allows users free and unlimited access to full-streaming of the entire catalogue: this means that all visitors, including those who are not registered, can listen to the full-track version of songs.

"Once again Dada offers an interactive experience built around quality music: The Music Movement is the only store in Europe offering non-registered users free and unlimited access to full-streaming of songs from the majors" - stated Paolo Barberis, Dada President and Founder - "We are very proud that Universal chose to join our business model and distribute DRM-free music with us".

The Offer
Dada's highly-competitive and unique offer thanks to exclusive content created especially for the community, is a subscription service. Billing is either through the user's mobile (in which case the user can download Mp3s onto both a PC and a mobile phone) or by credit card. In both cases the offer ranges from €3.00 per week for 7 tokens (€0.43 per song) for subscription through mobile, to €9.90 per month for 30 Mp3s (€0.33 per song) for payment by credit card.