The Directors of Transol Corporation Limited (TNC) are pleased to announce that its 100% owned subsidiary Valleyarm Digital Pty Ltd has entered into an agreement with BounDEE, Japan. The Agreement will allow Valleyarm to distribute its catalogue of 1.8 million songs to over 200 music retailers and mobile partners in Japan, including Reco choku, Oricon, Dwango and Labelgate. The partnership strengthens Valleyarm’s presence in the Japanese digital music market, with the Valleyarm catalogue already available with several Japanese digital retailers including iTunes Japan and Amazon Japan. Japan is a key territory for Valleyarm, and as identified by the International Federation of the Phonographic Industry as the second largest music market in the world, with estimated global digital music revenues to exceed US$13.5 billion by 2014, making Valleyarm’s growth into leading digital markets including Japan key to increased revenues and overall growth.
Valleyarm’s Managing Director Gary Mackenzie said “BounDEE’s knowledge of the mobile music market in Japan and its strong partnerships in the mobile arena will be a powerful asset to Valleyarm’s artists and labels. With mobile companies dominating the digital music business in
Japan, this is a critical partnership.” Tomohiko Fukuoka, President and CEO for BounDEE, Inc. said, “BounDEE is very excited with our partnership with Valleyarm, music fans in Japan are passionate about music discovery and are hungry for increased exposure to independent artists”
Valleyarm specialises in the digital distribution, publishing and online marketing of music and video content focused primarily on content and services within the Asia Pacific Region, along with representation in eastern and southern Africa, the Pacific and Europe. Valleyarm incorporates a unique solution emphasising an “Asia-In” “Asia-Out” model providing digital music content distribution and sub-publishing services which enable Asian content owners to monetise content external from their homeland, and to provide an Asian gateway for western acts and labels to monetise their content in non-traditional markets.
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