TouchTunes Digital Jukebox Secures Major Record Labels' Rights for Downloading Music

Strategic Insights -

TouchTunes Digital Jukebox, Inc. has made a groundbreaking achievement in the music industry by obtaining the first-ever downloading rights from major record labels, including Universal Music Group, Inc., Polygram Records, Inc., and BMG Entertainment North America. This strategic move will enable TouchTunes to offer a vast library of music titles, potentially reaching hundreds of thousands, to jukebox operators worldwide. The innovative jukebox system, powered by a proprietary operating system and a Bose(R) engineered sound system, will provide users with a unique music-on-demand experience, featuring full on-screen animation capabilities and simultaneous downloading of new titles.

Key Takeaways:

  • TouchTunes has secured the first-ever master rights for its downloading jukeboxes from Universal Music Group, Inc., Polygram Records, Inc., and BMG Entertainment North America.
  • The agreement allows TouchTunes to include hundreds of thousands of titles, including current catalogues and new releases, in its database.
  • Jukebox operators can update their machines via a user-friendly touch-screen interface, enabling seamless music selection and download.
  • The partnership will significantly impact the American jukebox industry, which generates over a billion dollars in revenues annually.
  • The TouchTunes proprietary operating system and Bose(R) engineered sound system provide a cutting-edge music-on-demand experience, featuring full on-screen animation capabilities.
  • The agreement is part of ongoing negotiations with other major record labels, aiming to further expand TouchTunes' music library.
  • The company's CEO, Tony Mastronardi, expressed confidence in the product's potential to upgrade the industry, citing the support from record labels and the technology's capabilities.

Statistics:

  • The American jukebox industry generates over a billion dollars in revenues annually.
  • The TouchTunes proprietary operating system is specifically designed for the multi-media industry.
  • The company's Bose(R) built jukeboxes use a high-tech sound system that allows for simultaneous music playback and on-screen animation.
  • The TouchTunes database is expected to reach hundreds of thousands of titles, including current catalogues and new releases.

Sources:

  • Business Wire, "Sept. 16, 1998 -- RE - TouchTunes Digital Jukebox"
  • TouchTunes Digital Jukebox, Inc. Press Release, September 16, 1998
  • Technical Maintenance Corporation (TMC), TouchTunes' parent company