EVR holdings inks two new music licensing deals
Francesca Morgan
Company News - 2 mins
13:00, 8th August 2019

EVR Holdings (EVRH) FOLLOW, an AIM-quoted virtual reality company, announced on Thursday that its subsidiary, MelodyVR, has entered into two new licensing agreements with two independent music labels. 

The agreements were struck with independent label group, Beggars Group Digital Limited, and independent label Domino Recording Company.

The former represents a combination of both emerging and established artists including Queens of the Stone Age -- the latter, with its operating divisions held in both the US and continental Europe, represent artists including Arctic Monkeys, Hot Chip and Franz Ferdinand. 

Separately, MelodyVR has renewed a former multi-territory publishing deal with ARESA GmbH, after having originally entered into the agreement in August 2017. ARESA GmbH represents copyright catalogues from a multitude of companies hosting work from artists as big as David Bowie, The Rolling Stones and Adele.

As a result of this morning's annoucement, shares in EVR Holdings saw an increase of over 9%.

Anthony Matchett, Executive Chairman and Chief Executive of EVR Holdings, said: "These music licensing agreements will further enhance our licencing portfolio and strengthen our capabilities for both content creation and distribution on a global basis.”

Mr Matchett further commented, “With an exciting content line-up scheduled throughout 2019 and beyond we look forward to exploiting our position as the world's only licensed VR music platform ."

For more News & Updates on EVR Holdings: FOLLOW

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