NEW YORK, NY--(MARKET WIRE)--May 7, 2009 -- Mega Media Group, Inc. (OTC BB:MMDA.OB - News) (www.megamediagroup.com) announced that it has signed an exclusive revenue sharing agreement with Masterbeat.com whereby Masterbeat.com will be the exclusive provider of digital downloads on the Pulse87.com website.
In the announcement, Alex Shvarts, CEO of Mega Media Group, stated, "We have seen 60% growth in the traffic for Pulse87.com over the last 3 months. This partnership allows us to tap into digital download revenue and provides our audience with the ability to easily download music they generally hear only on our station. Masterbeat's award winning digital sales platform and their focus on the dance community make them the perfect partner for Pulse 87 in this arena."
"Masterbeat.com is thrilled to partner with Mega Media Group and Pulse 87," commented Brett Henrichsen, CEO of Masterbeat.com. "If you're listening to it on Pulse 87, you can buy it on Masterbeat.com. Our tracks are DRM-free, of the highest audio quality, and often provided exclusively to Masterbeat from the major record labels. As Mega Media Group expands into other markets we look forward to expanding our revenue sharing partnership to grow alongside Pulse and MMG."
About Mega Media Group (www.megamediagroup.com)
Mega Media Group, Inc. is a multimedia entertainment holding company with several subsidiaries that offer a broad range of services.
About Masterbeat (www.masterbeat.com)
The first digital distribution site focused on the dance & electronic genres to include exclusive remixes from the major labels of SonyBMG, Warner Music Group and Universal Music Group as high quality DRM free MP3s.
Safe Harbor Statement: This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Mega Media Group's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statements. All information provided in this press release is as of May 7, 2009, and Mega Media Group undertakes no duty to update such information, except as required under applicable law.
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