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WMG, Milan Entertainment Ink Licensing, Distribution Deals

Warner Music Group and record label Milan Entertainment have signed
exclusive long-term, worldwide licensing and distribution agreements. Under the
agreements, WMG's WEA Inc. will manufacture and distribute releases from
Milan in
the U.S. while WMG's Warner Music International will market and distribute
throughout the world excluding France and Japan. The agreements are effective
January 1, 2003.

Milan's catalog contains soundtracks, electronic, jazz and world music
from composers including Maurice Jarre, Ennio Morricone, Hans Zimmer,
Badalamenti, Joe Hisaishi, Mychael Danna, Nicola Piovani and Alberto Iglesias
well as selections from artists including Astor Piazzolla, Ravi Shankar and

Among Milan's collection of major film soundtracks are Backdraft, Brazil,
Ghost, Little
Buddha, Mulholland Drive, Monsoon Wedding and Talk To Her. Furthermore,
agreements also cover recordings on Milan's sister label Jade which specializes
ancient and modern liturgical music with repertoire from internationally
artists ranging from the Monks of Silos to Olivier Messiaen.

"Over the years, Milan has served as a beacon of
artistic integrity, demonstrating that there is a strong demand for high-quality
that exists outside of the mainstream," said Jim Caparro, WEA Inc.
CEO. "We're confident we will be able to enhance
Milan's distinguished track record by providing them with WEA's unparalleled

Paul-Rene Albertini, president WMI, said, "Milan holds a unique position as one
of the
world's pre-eminent soundtrack companies allied with a collection of influential
electronic, jazz and world titles. WMI is delighted and excited to be working
Milan to further exploit both their extensive catalog and important new

Emmanuel Chamboredon, founder, president and CEO of Milan, said "This is a
important step in the development of Milan and with WMG's support we aim,
than ever, to deliver the most attractive soundtracks from the movie industry all
the world. We have the expertise and WMG gives us the muscle and support;
for me
it is the perfect partnership."