Digital Music Group, Inc. (DMGI) has announced that the company has entered into an agreement with Apple Inc. Shares of DMGI soared 29.59% in after hours trading upon release of the news of the Apple deal.
DMGI has appointed Apple as a reseller of audio-visual files owned and/or controlled by DMGI, including television programs, feature length movies, shorts, and specialty content, within the relevant territory, and granted Apple certain rights to market and promote DMGI’s Video Content.
Apple agreed to pay DMGI fixed wholesale prices for each video download during the term of the Agreement. Under the Agreement, DMGI is generally responsible for all royalties and third party payments due with respect to the exploitation of DMGI’s Video Content. Apple will provide monthly sales reports to DMGI and make payment based on such reports.
The Agreement has a term beginning on January 19, 2007 and continuing for thirty-six months from the launch of DMGI’s Video Content on iTunes electronic store and any renewals or extensions thereof, as mutually agreed to by Apple and DMGI in writing.
According DMGI’s website, the company has hundreds of thousands of music tracks as well as thousands of hours of TV, film and video content, including:
• I Spy (82 episodes)
• Daniel Boone (165 episodes)
• My Favorite Martian (107 episodes)
• The Invisible Man (26 episodes)
• The Cisco Kid (156 episodes)
• Peter Gunn (114 episodes)
• The Adventures of Robin Hood (113 episodes)
• The Gumby Show (110 episodes)
• Gumby Adventures (116 episodes)
• The Shari Show (26 episodes)
• Clutch Cargo (52 episodes)
• Courageous Cat and Minute Mouse (125 episodes)
• Sam Kinison’s HBO Specials (5 hours)
• Cheech Marin and Friends Live from South Beach
• Sinbad: Son of a Preacher Man and Afros and Bellbottoms
• Steve Harvey: Don’t Trip, He Ain’t Through with Me Yet
• Bizarre, a popular comedy/variety show starring John Byner and featuring the stunts and antics of “Super Dave” Osborne (150 episodes)
• More than 40 hours of historic content and documentaries including:
– The Great Inventors
– The Korean War In Color
– World War II in Color
– Kamikaze in Color
– Greatest US Space Liftoffs
– Greatest Soviet Space Liftoffs
– Soviet Space Disasters
– historic speeches by Woodrow Wilson, Franklin Roosevelt, Lyndon Johnson, Winston Churchill, John F. Kennedy, and Richard Nixon
– historic newsreels from the mid-1920s to the mid-1960s
• Hopalong Cassidy (52 episodes and 60 feature length films)
• 13 feature-length films adapted from the Zane Grey series
More info about DMGI: http://www.dmgi.com/