LONDON (Hypebot) – EMI and BBC Worldwide have struck a deal to release EMI related material from the network's extensive archive of TV and radio recordings. In return the BBC will have the opportunity to use EMI artists’ performances to create new programming which can be sold to international broadcasters and consumers.
Under the deal EMI will have the opportunity to include BBC recordings from their artists as part of DVDs, CDs and digital downloads whilst BBC Worldwide has the opportunity to drive revenue through international radio and TV program sales, as well as on-demand streaming from those very same artists. Both companies will also receive reciprocal royalties for each other’s sales.
The deal will make vast quantities of content available in all formats for consumers both in the UK and internationally, and is part of BBC Worldwide Music’s strategy to derive greater value from the wealth of music-related material in the corporation's archive.
FROM THE PRESS RELEASE:
Pete Duckworth, Senior Vice President, Catalogue, EMI Music UK & Ireland says: "We are very excited about this agreement. In the BBC vaults there is a wealth of unreleased and high quality material from EMI artists that we will now be able to bring to fans. At the same time, we can offer new revenue opportunities to our artists that simply weren't there before." Duckworth added that all release proposals will be cleared with the relevant artist.
Paul Dempsey, Director of Audio & Music, BBC Worldwide, says: "We’re delighted to be working with EMI and we see this as a terrific partnership. This deal is a prime example of the commercial opportunities available to artists, their labels and BBC Worldwide when we work together to release this incredibly rich archive of content. It’s also great news for music fans who are always hungry for more content from their favorite artist or band."