Earthworks Entertainment Announces Record Label & Artist Management Company
July 07 2009 - 9:45AM
Marketwired
Earthworks Entertainment Inc. (PINKSHEETS: EWKS) today announced
today that it is projected to launch Earthworks Music, Inc. in the
first quarter of 2010.
Earthworks Entertainment CEO Steven E. Humphries said, "This is
a natural direction for the company, as we feel there are
tremendous opportunities in the recording and artist management
industry. With the major labels downsizing over the past few years,
there are numerous well-known niche artists with no label and no
management. In fact there are several acts that have albums
produced and ready for release, but now are in the situation of not
having a label. Earthworks Music will be a perfect fit for
many."
Buckeye Epstein, Earthworks COO, commented, "Earthworks Music
will be an independent boutique label & management firm with a
goal to sign six to eight artists in 2010. We are currently in
discussion with a major music industry producer to come on board to
launch Earthworks Music. We expect to come to an agreement in the
next few weeks."
The recording industry is an $8.5 billion annual U.S. business.
The industry has suffered in recent years due to the advent of the
Internet and file sharing websites whereby consumers can download
music free of charge. This paradigm shift has resulted in wholesale
operational changes by the dominant record labels whereby the
emphasis is now on "digital mediums." This shift creates an
opportunity for independent labels to emerge and compete on a level
playing field.
This news release contains "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. When used in this release, words such as "estimate,"
"expect," "anticipate," "projected," "planned," "forecasted" and
similar expressions are intended to identify forward-looking
statements, which are, by their very nature, no guarantees of
Earthworks Entertainment's future operational or financial
performance, and are subject to risks and uncertainties. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release. Due to
the risks and uncertainties, actual events may differ materially
from current expectations. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
CONTACT: Tom Derby 877-381-5720
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