LAUNCH Media Completes Its Acquisition of The Warped Tour.Business & Entertainment Editors SANTA MONICA, Calif.--(BUSINESS WIRE)--Sept. 7, 2000 LAUNCH Media Inc. (Nasdaq: LAUN) announced today the completion of its acquisition of the popular concert series The Warped Tour. The primarily stock transaction was initially announced in June and involves Creative Artists Agency Creative Artists Agency (CAA) is a talent and literary agency which represents a vast array of actors, musicians, writers, directors, and athletes, as well as a variety of companies and their products. , 4 fini inc., the law firm of Codikow, Carrol, Guido & Groffman, and Vans Inc. LAUNCH will be filing Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. in conjunction with the finalized deal. "After a very successful summer 2000 tour, the closing on this acquisition is an important milestone for LAUNCH," said Bob Roback, president of LAUNCH. "Our team efforts will focus on putting together another stellar line-up for next year, selling key sponsorships and generating increased ticket sales to ensure the tour's continued success." The Warped Tour blends a cross section of great music from chart-topping and emerging artists with the skate/surf culture and extreme sports. About CAA Caa See CCC. Founded in 1975, Creative Artists Agency represents many of the most creative and successful artists in film, television and music. CAA also provides a range of strategic consulting services to corporate clients. In September 1999, CAA established a partnership with New York-based Shepardson, Stern and Kaminsky (SS+K), a communications consulting and advertising agency. About 4 fini inc. 4 fini inc. is a full service production company. 4 fini inc. was started by music industry leader Kevin Lyman. Lyman comes from an extensive background working with internationally known bands like Jane's Addiction, Stone Temple Pilots Stone Temple Pilots (abbreviated STP) was a popular Grammy Award-winning American hard rock band in the 1990s and early 2000s, consisting of Scott Weiland (vocals), brothers Robert (bass guitar, vocals) and Dean DeLeo (guitar), and Eric Kretz (drums, percussion). , Nine Inch Nails and is experienced in numerous entertainment industry jobs including booking, tour pre-production, production management, band management, record label owner, tour originator and industry consultant. About Codikow, Carroll, Guido & Groffman ("CCGG CCGG California Council on Gerontology and Geriatrics ") CCGG has offices in Los Angeles and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and represents prominent clients in music and music related technology industries. CCGG provides a wide range of legal and consulting services for recording artists, producers, songwriters, record labels and entertainment related technology companies. About Vans Inc. Vans Inc. is a leading branded sports and lifestyle company for the youth market. Vans reaches its 10- to 24-year-old target consumers through the sponsorship of Core Sports(TM), such as skateboarding, snowboarding, surfing and wakeboarding Wakeboarding is a surface water sport which involves riding a wakeboard over the surface of a body of water behind a boat. It was developed from a combination of water skiing, snow boarding and surfing techniques. , and through major entertainment events and venues, such as the VANS Triple Crown(TM) Series, the VANS Warped Tour(TM), the VANS World Amateur Skateboarding Championships, the world's largest VANS skateparks, and the VANS High Cascade Snowboard Camp(TM), located on Mt. Hood. The company operates 137 retail stores in the U.S. and Europe, and designs, markets and distributes active-casual footwear, clothing and accessories, performance footwear for Core Sports(TM), snowboard boots, step-in snowboard boot bindings and outerwear worldwide. Vans' Internet address is www.vans.com. About LAUNCH Headquartered in Santa Monica, LAUNCH Media Inc. (Nasdaq: LAUN) is a media company dedicated to creating the premier Internet music site, LAUNCH.com, by providing music fans with the broadest array of music and music-related editorial content. LAUNCH.com houses the Web's largest music video collection, available streamed on-demand or in pre-programmed channel formats. Additionally, LAUNCH.com offers music customization with LAUNCHcast, an intelligent music service that enables members to design their own streaming music station with high quality audio or video. LAUNCH is engaged in strategic relationships with Sony Music, EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. Music, Warner Music Group Warner Music Group (WMG) is one of the four major record labels. Warner Music Group also has a publishing arm, Warner/Chappell Music, which dates back to 1929, when Jack Warner, president of Warner Bros. Pictures Inc. , AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , Microsoft, NBCi, Intel, RealNetworks, NetZero, Yahoo!, Yahoo! Japan, Tokyo Broadcasting System
This announcement contains forward-looking statements that involve risks and uncertainties including, among others, LAUNCH Media Inc., operating history, anticipated loss, the unpredictability of its future revenues, competition, risks associated with management of potential growth, and risks of new business areas, international expansion, business combinations, and strategic alliances. Actual results could differ materially from those discussed. More information about factors that potentially could affect LAUNCH's financial results are included in the Company's filings with the Securities and Exchange Commission, including its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed Dec. 31, 1999, as amended, each available online at http://www.sec.gov. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements. |
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