WESTBURY, N.Y.--(BUSINESS WIRE)--At the forefront of changing industry dynamics, Vibe Records, Inc., Nevada (OTCBB: VBRE - News) is in the process of developing the infrastructure required to index and store limitless music and video catalogs. Within this infrastructure, “Vibe Records will be able to manage and distribute all formats of a slew of catalog titles via its advanced digitization process,” remarked Tim Olphie, Vibe Records President and CEO. “Therefore, using any form of telecommunications - whether internet, broadcast television, cell phones as well as via satellite – Vibe Records will be able to deliver content not only on a nationwide basis but to several overseas locations as well. Vibe Records use of such advanced proprietary compression technology will ultimately provide crisper, clearer video and music, telephony and the ability to upload and download large data files while still maintaining its manageability and accessibility through ultra-advanced speeds currently not available in the entertainment industry. Vibe Records will also license this technology to create digital distribution portals for other companies and increase revenue from the construction and management of these multi digital media platforms and catalogs,” concluded Olphie.
The popularity of single track downloading, expanding digital catalogues and the rising demand for music videos are factors contributing to the growth in the digital music market. The Internet is now an essential distribution channel for digital music and entertainment and, over the next years, online social networking sites such as YouTube, Face Book and MySpace will develop as key drivers of online music and video. Major developments in the delivery of digital age, i.e., music, videos and photo bucket technology and photos downloaded to mobile phones and flash cards now currently available in digital cameras established the need for a new business model. The digital distribution of music and entertainment grew out of the unauthorized file-sharing phenomenon of the late 1990’s. Rather than embrace and exploit this phenomenon through research and innovation, major entertainment groups and the Recording Industry Association of America (RIAA) resisted the advance of technology through legal action. As a result, the unauthorized networks found more effective ways to circumvent authority while Apple Corporation developed a near monopoly using digital rights management technology (DRM).
Vibe Records is a vertically integrated music and entertainment distribution company and a small, independent boutique artist record label delivering content to end users and resellers. In order to advance its distribution of this content, Vibe Records is presently working with a major leading edge technology company to develop the next generation infrastructure necessary to initiate the unique distribution methods that may revolutionize the entertainment industry. With this new technology, Vibe Records will provide a convenient way to legally obtain digital entertainment files through various portals at affordable prices while offering superior quality “digitized” content. As stated by Vibe Records President and CEO Tim Olphie, “ultimately, end users will choose a legal option if it’s easy to use and the price is right. Simply stated by The Kinks, famed Rock n Roll band of the late 60’s, ‘Give the People what they want.’”
For further information, visit www.viberecords.com
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Contact:
Vibe Records, Inc., Nevada
Investor Relations, 888-336-8423 (VIBE)
investorrelations@viberecords.com |
