OTCPicks.com – an online resource for small cap and micro-cap investors – announced yesterday that it would begin providing Profile Coverage for UOMO Media Inc., a multi-channel entertainment and media company. UOMO simultaneously announced the launch of its Music Publishing Division, UOMO Publishing.
This new UOMO division will be charged with obtaining copyrights through both acquisitions and contracts with individual composers. These strategic acquisitions will then be developed into a catalogue of musical offerings for use by individual recording artists, on television, in commercials or other entertainment venues, or added to the sound tracks of video games. By this process – acquisition, partnering, producing, managing, and promoting intellectual media content, including digital content – UOMO intends to use its publishing division to increase overall revenues.
This multi-platform approach to the commercial use of its entertainment-based property and digital assets provides added value to both UOMO’s existing and emerging revenue streams. Each division – UOMO Publishing, UOMO Recorded Music, UOMO Digital Distribution, and UOMO Talent Management – thereby enhances the financial merit of the rest while inherently delivering multiple, recurrent streams of revenue.
Using its unique business model, UOMO transitions with artists from recording through live performances, merchandising, and endorsement agreements. This process, known as “multiple rights” or the “360° contract”, enables UOMO to extract the maximum financial potential from every artist-producer partnership. Nationally and globally, UOMO’s expertise and accretion of all aspects of the music and entertainment business creates large potential for profit.
The music and entertainment field grew by 60 percent in 2006 alone. During the same period, digital music sales doubled. Estimates fix sales at $9.3 billion for 2009 (Source: IFPI and Juniper Research). This increased demand, coupled with UOMO’s uniquely profitable business model and knowledgeable staff, positions UOMO to “take the lead” while still balancing the financial risks inherent in the entertainment industry.
UOMO’s management, experienced with working alongside such artists as Public Enemy and Pete Townsend (The Who), Nine Inch Nails, Outkast, New Order, and Paul Oakenfeld, carries this invaluable skill-set into its new music publishing enterprise. Core monetization activities related to the proposed catalogue will be kept in-house by attracting an experienced publishing executive who can identify and acquire properties, and network to isolate and utilize cooperative platforms.
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