British concert promoter and live-venue operator Mean Fiddler Music Group (MFMG) has signed a deal with Universal Records that will enable users to download live content from artists who are playing a
British concert promoter and live-venue operator Mean Fiddler Music Group (MFMG) has signed a deal with Universal Records that will enable users to download live content from artists who are playing at MFMG venues or events.
As previously reported, the parties have been negotiating the pact for some time. MFMG has a similar deal with EMI.
Through the agreement, content from MFMG's upcoming sold-out Reading Festival will be available for purchase after the event. Subject to approval from the featured Universal artists, individual tracks will be sold for £0.99-£1.50 ($1.79-$2.72) via the "Meantunes" download service at Meanfiddler.com.
One of the key players in the British live-music business, MFMG operates venues such as the Astoria, the Forum, the Borderline and Jazz Café. The group also has a stake in the annual Glastonbury Festival.
The latest deal was arranged through Mean Fiddler Media, MFMG's joint venture with Media Internet Telecom. Mean Fiddler Media was launched in March to provide audio download services through the Internet and mobile phones.
"With our millions of customers, unique live music content and ability to work with companies like Universal on groundbreaking deals, I am extremely confident in the success of this division and its future contribution to the group," MFMG chairman Vince Power says in a statement.
MFMG stock closed today (Aug. 24) up 1.87% to 54.5p.