News

Diablo dances higher on Disc Kiosk deal

24 January 2006 09:57:00

Independent record label Diablo played all the right tunes today after it announced the signing of contracts with The Disc Kiosk Ltd to become a sales agent for its CD on demand services worldwide.

The technology employed by The Disc Kiosk allows record companies to maximise revenues from old and deleted titles by making them available to customers online.

The CDs are then produced to order, thus removing the need for costly pressing and storage, and mailed direct to the customer.

The AIM-listed outfit said it will be working in partnership with The Disc Kiosk to expand the business and client list.

This already includes Universal Music Group who have around 1,000 deleted titles with The Disc Kiosk, which have been selling for 18 months.

Diablo will be looking to attract additional record labels of all sizes, from the UK and internationally, to add their catalogues to The Disc Kiosk and will benefit from commissions on a per unit basis of CDs sold by The Disk Kiosk from catalogues introduced by the company.

Diablo's creative director Neil Reed said, "The contract with The Disc Kiosk represents a substantial opportunity for both parties."

"The service they provide offers to record labels a risk free additional revenue stream. Coupled with our marketing and industry knowledge, this can only be a win-win situation for Diablo."

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.