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Net Element Announces The Immediate Access Of Music1’s Video And Music Library Via Leading Song Download Services Including Spotify And Google Music

Stocks in this article: NETE

Net Element International (NASDAQ: NETE), a technology-driven group specializing in electronic commerce and mobile payment processing today is announcing, through its subsidiary Music1, the immediate access of Music1’s video and music library via leading song download services including Spotify and Google Music. Now, hundreds of Russian musicians, including the country’s leading Pop, Shanson and Indie Rock artists, will have their songs available on over 40 download services worldwide.

Music1.ru, powered by Net Element’s proprietary Digital Music Discovery Engine, creates a personalized experience for the discovery of Russian concerts and music videos. Created through collaboration between Net Element and Mr. Igor Krutoy’s record company, “ARS Records”, the online and mobile monetization platform will expand Music1.ru’s current library of more than 2,000 hours of music videos and concert footage including both popular Russian and international titles. The Music1.ru endeavor is expected to become the leading Russian-based destination and monetization platform for Russian-originated digital music content management companies and content producers that are actively seeking distribution beyond Russia.

“When what you want is Russian music, concerts and entertainment, our distribution agreements mean you can get it all, in a place convenient for you,” said Dmitry Kozko, Net Element’s president. “Having a direct distribution network gives fans access to the music they love and our digital content monetization platform will provide an opportunity for Russian music performers to enjoy the benefits of having an appreciative, passionate and global audience.” Music lovers around the world can now discover, explore, buy and share music by Alsou, Alexander Rosenbaum, Sergey Krestovsky, among many others.

“For artists, having an audience is motivating and fulfilling and we want to do everything we can to make our music accessible worldwide," said best-selling artist Alsou. “With this new collaboration, your favorite melody can always be at your fingertips wherever and whenever you happen to be.”

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