Printer Friendly

PHILIPS AND POLYGRAM PRESIDENTS OFFICIALLY OPEN WORLD'S FIRST DCC FACTORY

 PHILIPS AND POLYGRAM PRESIDENTS OFFICIALLY OPEN
 WORLD'S FIRST DCC FACTORY
 AMERSFOORT, The Netherlands, Sept. 18 /PRNewswire/ -- PolyGram today officially opened the world's first pre-recorded Digital Compact Cassette (DCC) factory in Amersfoort, The Netherlands. Taking part in the grand opening ceremony were Philips president Jan Timmer; Alain Levy, president and chief executive officer of PolyGram; and Jan Cook, executive vice president and chief financial officer of PolyGram.
 Today's grand opening celebration not only inaugurated the opening of PolyGram's brand new factory, but marked the finished production of hundreds of thousands of pre-recorded DCCs for the entire music industry. The new factory has been fully operational since July.
 The Amersfoort factory has the capacity to produce a combined total of 36 million DCCs and analog cassettes annually. The factory will not only produce DCCs for PolyGram's own record labels, but for all other record companies which are supporting the introduction of the DCC music system in France, Germany, Japan, The Netherlands, United Kingdom and the United States, beginning next week.
 A combined total of 500 DCC titles from major record labels will be released as part of the introduction of the DCC music system. The initial DCC catalogs will consist of both popular and classical, international and local repertoire. In his speech at the factory opening, Timmer said, "The opening of the DCC factory is a historical step forward for PolyGram and confirms its leadership position both as a music company and an innovator in new technologies."
 Cook, who is responsible for PolyGram's manufacturing and distribution, added, "We are delighted with the progress made toward bringing pre-recorded DCCs to market."
 Building costs for PolyGram's new factory amounted to 6 million dollars. One hundred and seventy workers are employed at the facility.
 The DCC music system is designed for home, in-car, personal and portable use and plays not only DCCs, but cassettes from listeners' existing collections.
 The DCC music system was invented by Philips Consumer Electronics of The Netherlands, and was co-developed by Matsushita Electric Industrial Company of Japan. The world's major record companies, including BMG International, EMI Music Group, MCA Music Entertainment, PolyGram and The Warner Music Group, support the DCC music system and are releasing pre-recorded DCCs.
 PolyGram is one of the world's leading record companies. Its world famous popular and classical record labels include A&M, Decca/London, Deutsche Grammophon, Fontana, Islad, London, Mercury, Philips Classics, Polydor, Smash, Verve, and through its distribution and license agreements, Motown.
 -0- 9/18/92
 /CONTACT: Dawn Bridges or Patricia Kiel of PolyGram Holding, Inc. 212-333-8576, or Mark Malinowski or Adam Chasnow of Hill and Knowlton, Inc., 212-697-5600, for PolyGram Holding, Inc./
 (PLG) CO: PolyGram; Philips Consumer Electronics ST: New York IN: ENT SU:


PS -- NY011 -- 0977 09/18/92 09:03 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 18, 1992
Words:459
Previous Article:GRASSROOTS CAMPAIGN BY QUILT CO-OPS SECURES NATIONAL SALES OUTLET FOR THEIR HAND-STITCHED QUILTS
Next Article:GRUMMAN WINS $115 MILLION AWARD FOR A-6E IMPROVEMENTS
Topics:


Related Articles
POLYGRAM SALES UP 20 PERCENT, PROFITS UP 25 PERCENT, IN 1991
ELTON JOHN SIGNS NEW POLYGRAM DEAL
CORRECTION TO POLYGRAM ANNOUNCES ARTISTS AND PRICES FOR DCC
POLYGRAM ANNOUNCES 1992 INTERIM RESULTS
POLYGRAM UNVEILS INITIAL DCC CATALOG
LIONEL RICHIE SIGNS LONGTERM RECORDING CONTRACT WITH POLYGRAM
NEW BON JOVI ALBUM TO BE SOLD ON DIGITAL COMPACT CASSETTE
U2 EXTEND THEIR RECORDING CONTRACT WITH ISLAND/POLYGRAM
U2 EXTEND THEIR RECORDING CONTRACT WITH ISLAND/POLYGRAM
EMI fears new spin in music talks.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters