MelodyVR Signs Licensing Deals With Beggars Group and Domino Recordings

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Music-focused virtual reality startup MelodyVR has entered music licensing agreements with Beggars Group Digital Limited and Domino Recording Company. 

British company Beggars Group is home to such imprints as 4AD, Matador, Rough Trade, XL Recordings and Young Turks, representing The National, FKA Twigs, The xx, Grimes, Radiohead and others.

Meanwhile, the artist roster at London-based Domino includes Arctic Monkeys, Four Tet, Franz Ferdinand and Buzzcocks.

"These music licensing agreements will further enhance our licencing portfolio and strengthen our capabilities for both content creation and distribution on a global basis," said Anthony Matchett, executive chairman and CEO of MelodyVR's parent company EVR Holdings. "With an exciting content line-up scheduled though out 2019 and beyond we look forward to exploiting our position as the world's only licensed VR music platform."

Additionally, the startup has renewed its multi-territory deal with ARESA GmbH (originally signed in 2017), which represents the copyright catalogs of BMG, Cherry Lane, Virgin and others, comprising works by artists from Adele and Bruno Mars to Aerosmith, David Bowie and The Rolling Stones.

MelodyVR, based in London, also has music licensing agreements in place with all three majors and other indies like Big Machine and Roc Nation. The company, which partners with artists and music festivals to stream concerts in virtual reality, reported $14.7 million net losses in 2018, although Matchett remains optimistic of the company's future prospects.


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