Milestone Group PLC Milestone Group Plc : Milestone's Nexstar Signs Joint Venture With Self Made Limited

 
TIDMMSG 
 
 
   MILESTONE GROUP PLC 
 
   ("Milestone" or the "Company") 
 
   Milestone's Nexstar signs Joint Venture with Self Made Limited 
 
   Milestone (AIM: MSG), the AIM and Social Stock Exchange quoted provider 
of digital media and technology solutions, announces that its technology 
partner, Nexstar, has signed a Joint Venture agreement (the "JV") with 
Self Made Limited ("Self Made").  Self Made is a recently incorporated 
company with a focus on music publishing.  The objective of the JV is to 
combine leading music artists with Nexstar's music publishing and 
analytics platform which utilises blockchain technology to monetise and 
manage an artist's intellectual property. 
 
   Nexstar will own 51% of the issued share capital of the JV with Self 
Made controlling the remainder.  Self Made will supply artists for the 
publishing platform and Nexstar will provide its IP and knowledge within 
publishing and artist's IP management utilising its blockchain 
technology to encrypt and distribute songs in a secure and trackable 
way. 
 
   The JV will be a 50:50 revenue share with revenue being generated from 
an initial set-up fee from the artist and an ongoing royalty payment of 
between 15% and 25% per each music transaction generated by users 
downloading or streaming tracks. 
 
   Nexstar is already publishing artists using blockchain, with the first 
artist being Ben Davies (www.bendavismusic.com). This technology is now 
being made available as part of this new Joint Venture with Self Made. 
 
   Deborah White, CEO of Milestone commented: "Blockchain technology is a 
game changer for the music industry, which in 2014 saw digital music 
revenues surpass physical sales for the first time. Our Nexstar JV has 
developed the technology for use in the music industry, the joint 
venture with Self Made and their proven music industry experience will 
help further the Company's development in this sector." 
 
   Ellie Fitzgerald, Business Development for Self Made commented: "Self 
Made is a brand new platform that allows artists to self release their 
music globally using Nexstar's ground breaking technology all within a 
supported promotional structure.  The Self Made founders have extensive 
contacts and a plethora of experience and key skills within the music 
industry including artist management, branding and artiste development." 
 
   For further information: 
 
 
 
 
Milestone Group PLC 
Deborah White, Chief Executive                   Tel: [phone] 
 
Cairn Financial Advisers LLP, Nominated Adviser 
Liam Murray/Sandy Jamieson                       Tel: [phone] 
 
Hybridan LLP, Broker 
Claire Louise Noyce                              Tel: [phone] 
 
Walbrook PR Limited, PR 
Gary Middleton/Paul Cornelius/Paul Whittington   Tel: [phone] 
 
 
   About Nexstar Music: 
 
   Nexstar Music gives artists and independent labels all the tools they 
need to publish, distribute, and sell their music and promote their 
video's online whilst retaining 100% of their rights. The platform 
distributes into 193 countries, to over 120 online music stores, 
internet radio stations and streaming services such as iTunes, Apple 
Music, Amazon Music, Spotify, Tidal, iMusica and Deezer through the 
artist's tailored website built by Nexstar. The website can also provide 
access to many ancillary services such as the promotion and ticket sales 
for live events, merchandise, link to and embedded with social media, 
and provide analytics based on metrics such as downloads, streams, sales, 
and social media activity. 
 
   Publishing and distributing music using Nexstar's blockchain technology 
allows the artist to track where the music has been distributed globally 
in real time to ensure that royalties are paid quickly and securely, 
with the music protected against replication and illegal streaming 
through the cryptology associated with the technology. The blockchain 
can provide a solution for slow payment of royalties and security, which 
has been a significant problem for artists with legacy technology in the 
music industry. 
 
   About Blockchain Technology: 
 
   Nexstar is among just a few innovators globally who have developed and 
continue to develop solutions utilising secure and sophisticated 
blockchain technology for applications both within and outside of the 
financial sector. 
 
   Blockchain is better known as the underlying technology of Bitcoin. It 
operates as a transparent ledger which records a permanent audit trail 
for transactions locking each transaction block to its predecessor and 
subsequent one in the chain, ensuring the content of the block is 
validated and secure. 
 
   For further information see http://moneyoip.com 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Milestone Group PLC via Globenewswire 
 
 
  http://www.milestonegroup.co.uk/ 
 

(END) Dow Jones Newswires

March 08, 2017 09:32 ET (14:32 GMT)

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