\n \n \n “. concat(self. i18n. t(‘search. voice. recognition_retry’), “\n
LimeWire has signed an agreement with Universal Music Group (UMG) for the licensing of content globally, opening up the LimeWire collectibles market to all artists under the Universal Music Group umbrella.
UMG artists can now offer audio recordings, audiovisual content, behind-the-scenes footage and all art and photographs as NFT on the LimeWire marketplace and sell them to enthusiasts and collectors.
LimeWire and UMG will deliver quality, application and accessibility content to the general public by providing exclusive NFT projects for artists and enthusiasts in a trusted environment.
BERLIN and NEW YORK, May 17, 2022 /PRNewswire/ — LimeWire, a marketplace for virtual collectibles, today announced that it has entered into its first principal component partnership with Universal Music Group (UMG), the global leader in music entertainment, and collaborate to make virtual music collectibles available to a wider audience. UMG artists, as well as many of its iconic record labels, including: Interscope Records, Republic Records, Def Jam Recordings, Capitol Records, Motown Records, Geffen, EMI, Virgin Music and many more, will be able to leverage the LimeWire marketplace as one more tool. platform to explore exclusive tactics to interact with enthusiasts through virtual music collectibles and Web3, and generate new sources of profit. As part of this component partnership, UMG will provide licenses That will allow LimeWire to partner with UMG artists to launch NFT projects based on cutting-edge music in the LimeWire marketplace.
In March, LimeWire announced its relaunch later this year as a virtual marketplace for collectibles for art and entertainment customers, focusing first and foremost on music. It will be an exclusive marketplace for artists and enthusiasts to seamlessly create, purchase and exchange NFT collectibles. This month, LimeWire announced that it has raised $10. 4 million in a personal sale of its LMWR token led through primary venture capital firms, Deadmau5’s 720Mau5 venture capital fund, as well as DAO Jones, an investment organization comprised of leading members of the music industry. , adding prominent electronic music artist Steve Aoki.
“We see this partnership as a true demonstration of the speed at which the music industry is embracing web3,” said Paul and Julian Zehetmayr, co-CEOs of LimeWire. “We are excited to open the LimeWire NFT ecosystem to Universal Music Group artists and enthusiasts and look forward to seeing the first projects featured on the market. “
Thanks to LimeWire, artists who signed with UMG can now offer audio recordings, audiovisual content, behind-the-scenes footage and all the art and photographs as NFT in the LimeWire marketplace and sell them to enthusiasts and collectors. Musicians can post additional and exclusive tracks, sell content uncut or behind the scenes, and much more.
“Universal Music Group has prioritized the creativity of its artists and appreciates the preference of enthusiasts to embark on new and cutting-edge paths. Now, NFTs offer an exciting vehicle to adorn this connection between artists and audiences. That’s why we’re thrilled to have collaborated with LimeWire, which aims to guide everyday users through this vast field, into this new era of Web engagement3 and music appreciation,” said Jonathan Dworkin, Executive Vice President of Digital Business Development.
“Universal Music Group and our labels are fully embracing the exciting Web3 area and will work with our new spouse LimeWire, our artists and their communities to interact on NFT projects with a genuine app and create great reports for fans, while allowing consumers to participate in a trusted environment with few barriers to entry. ” said Holger Christoph, Universal Music Group’s senior vice president of Digital Business for Central Europe.
ABOUT LIMEWIRE
LimeWire is a virtual marketplace for collectibles for music and the wider arts and entertainment space. The company will open up the NFT collectibles market to the general public through user experience, providing credit card payments, and managing fuel rates and technical hurdles on behalf of its users. , while taking advantage of all the benefits of Web3.
ABOUT THE UNIVERSAL MUSIC GROUP
At Universal Music Group, we exist to shape culture through the power of art. UMG is the world leader in music entertainment, with a wide diversity of corporations active in recorded music, music publishing, sales and audiovisual content. With the most comprehensive catalogue of recordings and songs in all musical genres, UMG identifies and develops artists and produces and distributes the world’s most commercially successful and critically acclaimed music. Committed to art, innovation and entrepreneurship, UMG fosters the progression of services, platforms and business models to expand and business opportunities for our artists and create new reports for fans.
| blog | Squeaky discord| Telegram
View content to download media: https://www. prnewswire. com/news-releases/limewire-strikes-deal-with-universal-music-group-for-its-music-nft-licensing-platform-301548725. html
SOURCEUniversal Music Group