EMI Music Signs License Agreement for EMEA with Disney's Buena Vista Music Group

LONDON--()--Sept. 6, 2005--EMI Music and the Walt Disney Company's Buena Vista Music Group - which includes Hollywood Records, Walt Disney Records, Lyric Street Records and Mammoth Records - announced today that they have signed an exclusive license agreement to represent Disney's extensive recorded music catalogue in the UK, Continental Europe, South Africa and the Middle East.

EMI and Disney will partner to offer Buena Vista's unique and extremely popular music repertoire including all of the Disney labels' frontline releases, which incorporates a stable of multi-platinum pop, rock and country albums. This includes the latest album by platinum pop artist Hilary Duff, "Most Wanted", which entered the US charts at number one.

The Disney roster continues to grow, with several platinum artists currently signed to the Hollywood Records label such as Jesse McCartney (whose most recent album is "Beautiful Soul"), rock band Breaking Benjamin and Lyric Street's country sensations Rascal Flatts. Also on the Hollywood roster are rising stars Josh Kelley and Aly & AJ. These and all other Hollywood Records artists will be released by EMI's newly-formed Angel Music Group.

The agreement will also encompass the full Disney catalogue of music from over 75 years, including all-time favourite soundtracks like "Snow White," "Mary Poppins," "The Lion King," "Tarzan" and "Toy Story." Already scheduled for release this autumn are the Disney soundtracks for the first film in the "Narnia Chronicles" ("The Lion, The Witch and the Wardrobe"), the "Desperate Housewives" soundtrack and "Chicken Little (which includes a new track from Joss Stone.) All these releases will be issued by EMI's market leading Commercial Marketing and TV division.

Tony Wadsworth, Chairman and CEO of EMI Music UK, commented, "I am very pleased to have concluded this unique deal with Disney. The wide range of products contained within the Disney labels' catalogues requires a variety of skills and approaches, all of which are present across EMI's labels and divisions."

Jean-Francois Cecillon, Chairman and CEO of EMI Music Continental Europe, added, "It is a unique opportunity to enter such a promising venture with a company like Disney. We have a lot to give each other and our marketing teams across Europe, South Africa and the Middle East will be working closely with Disney to ensure that we deliver the results we all expect. We are looking forward to making this partnership a complete success."

Buena Vista Music Group's Chairman Bob Cavallo said, "This partnership presents us with exciting possibilities and a level of enthusiasm we haven't experienced before. With the exceptionally strong talent throughout our catalogue, coupled with amazing classics not found anywhere else, I am pleased that the EMI team will support our labels and promote all of our artists."

Buena Vista Music Group's Executive Vice President and General Manager David Agnew added, "Our agreement with EMI, a proven market leader, fits very well with Disney and we expect great things working together."

EMI is the world's largest independent music company, operating directly in 50 countries. Its EMI Music division represents more than 1,000 artists spanning all musical tastes and genres. Its record labels include Angel, Blue Note, Capitol, EMI Records, EMI Classics, Mute, Virgin and Parlophone.

The Buena Vista Music Group encompasses all of the Walt Disney Company's recorded music and music publishing operations, including Hollywood Records, Walt Disney Records, Lyric Street Records, Mammoth Records and Walt Disney Music Publishing.

Contacts

For EMI Music UK:
Cathy Cremer, +44 (0)20 7605 5308
www.emimusic.co.uk
or
For Disney Europe:
Joyce Lorigan, +44 (0)20 8222 1407
joyce.lorigan@disney.com
or
For BVMG US:
Lillian Matulic, +1 818 560 6197
Lillian.matulic@disney.com

Contacts

For EMI Music UK:
Cathy Cremer, +44 (0)20 7605 5308
www.emimusic.co.uk
or
For Disney Europe:
Joyce Lorigan, +44 (0)20 8222 1407
joyce.lorigan@disney.com
or
For BVMG US:
Lillian Matulic, +1 818 560 6197
Lillian.matulic@disney.com