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E-Tracs Usb Bloomberg Commodity Index Exchange Traded Notes E-Tracs Ubs Bloomberg Cmci Livestock Etn (delisted) | AMEX:UBC | AMEX | Common Stock |
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0.00 | 0.00% | 18.15 | 0 | 01:00:00 |
UBC Media Group PLC 26 June 2006 UBC Media Group announces trial of world's first impulse purchase music download service for radio London, 26 June 2006 - UBC Media Group (UBC:LN) is today announcing details of the first consumer trial of its digital music download (DMD) service for DAB radio stations and showing the service operating live on Chrysalis Radio's 'Heart' station for the first time. The groundbreaking technology allows real-time downloads of tracks from radio stations as the listener hears them and is being demonstrated live today between 11am -3pm at The Hospital Club, 24 Endell Street, London, WC2H 9HQ. The launch of the DMD trial comes as sales of DAB radios exceeded the three million mark earlier this year (source: DRDB), UK digital music sales reached #84million in 2005, and single track downloads numbered 419 million worldwide in 2005 (source: IFPI). In a recent poll, 54% of 15-34 year olds stated that the radio was their preferred medium to discover music, and analysis shows that radio airplay greatly affects music sales (source: Entertainment Media Research, 2006). DMD therefore uniquely seeks to combine consumer appetite for digital radio, music and downloading with the ability to purchase a song on impulse as it is being broadcast. UBC will today be sharing with analysts its business plan for the music downloading service which shows that it is expected to be a #93m turnover business within 6 years - with a profit of nearly #10m. Today, that would make this service alone the third most profitable radio business in the UK. UBC's technology division, Unique Interactive, has developed the revolutionary technology to allow listeners to purchase tracks instantly, as they are broadcast by digital radio stations, and to download them to mobile devices, such as digital radio enabled mobile phones that will begin to appear later this year. DMD broadcasts encoded and encrypted music files, alongside a radio station's audio stream. These are cached in the mobile device and can be bought and downloaded immediately. In addition, the track would also be simultaneously downloaded to a web-based music library compatible with popular music player applications. Consumers will subscribe to the service and top-up the amount of credit they have for music downloads in the same way as they would top-up a pre-pay mobile phone. They can then download tracks as they hear them with the cost directly debited from their account. The download cost is expected to be in the region of #1.25 per track. The DMD project has brought together a group of companies at the leading edge of technology - Unique Interactive, 7 Digital Media, Arqiva, Chrysalis, Mi-Pay, MXR, Switch Digital, TTP and Virgin Mobile. DMD is also supported by all four major record companies, the PPL and the MCPS. The consumer trial of the service will start in Birmingham at the end of July with 100 users being able to download music in real time from Chrysalis' Heart DAB station for a period of four weeks. Simon Cole, CEO of UBC Media Group commented: "People are buying music online - fact. People are listening to the radio on their phones - fact. This service allows people to buy music as they listen on the move. You can't argue with a compelling proposition like that." Ends For more information, or to arrange an interview: Diane Barnes Portland, for UBC Media Group 020 7404 5344 diane.barnes@portlandpr.co.uk Notes to editors About UBC Media Group plc UBC is quoted on the London Stock Exchange's AIM market. The Group is the market leader in the supply of audio content and broadcast data software to the radio industry in the UK. In addition to the entertainment, traffic & travel and national news services provided to commercial radio, the Group is the largest independent producer of radio programming for the BBC and the UK's leading supplier of digital radio scrolling text and EPG software. The Group also has significant digital radio broadcasting interests including Classic Gold Digital, the nationally distributed classic hits format. It is also part of the MXR Regional Multiplex consortium. This information is provided by RNS The company news service from the London Stock Exchange END NRAKGGZVLKDGVZM
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