London, England and Dundee, Scotland — June 5th, 2008 — P3 Music, one of Scotland’s largest independent music companies today announced  its digital distribution deal with IODA, the global leader in digital distribution, marketing, and technology solutions for the independent music industry.  The news was announced from GoNorth, Scotland’s music industry conference and showcase event where it was confirmed that P3 Music will tap into IODA's network of more than 350 digital retailers, mobile outlets and subscription services worldwide to expand its current digital distribution reach and will use IODA's innovative content management platform, the Dashboard, to manage sales from select accounts. 

P3 Music is a UK-based, independent music company encompassing record labels, music publishing and artist management.  Founded in 2001 the company’s main office is in Dundee, a city originally known for jute and journalism but more recently bio-technology and the computer games industry. The company has two record labels; P3 Music Label, which specializes in established artists and The Guitar Label, which is a boutique label for some of the World’s greatest guitarists.  To date the company has worked with artists including Deacon Blue, Martin Taylor, Jeff Beck, Bill Wyman and Jamie Cullum.  Last year Isle of Man based private equity firm took a 50% stake in the company and aggressive growth for the business is planned.
 
As one of the first companies in Scotland to offer its music through a network of online retail partners, P3 Music has been active in having its artists promoted and distributed online for several years.  P3 Music CEO James Taylor said:  “We are extremely pleased to be working with IODA, a company which has global reach in multiple platforms including mobile and online.  We are looking forward to working our new releases, including those by jazz singer Alison Burns and 6million selling pop group Deacon Blue, through this new deal.”

The company website is www.p3music.com
 
Selected releases will also be made available for promotional use through IODA's Promonet (promonet.iodalliance.com), the promotional distribution network which provides qualified podcasts, blogs, Internet radio, e-zines and other promotional sites with access to thousands of pre-cleared, legal music tracks, videos, artwork, and other promotional assets from IODA's roster of leading independent labels.
 
About IODA
IODA, the Independent Online Distribution Alliance, is the industry-leading digital distribution company for the global independent music community. IODA provides comprehensive services to record labels, physical distributors, and artists, including license negotiations; media encoding and metadata management; and royalty payment administration and reporting. The company also offers promotional support through a dedicated marketing division and through the IODA Promonet (www.iodapromonet.com), a promotional distribution network that provides qualified podcasts, blogs, and other promotional sites with access to pre-cleared, legal music and other promotional assets from IODA’s labels. Founded in 2003, IODA represents a rapidly expanding roster of over a million tracks from many of the finest independent labels around the globe. IODA was named one of FORTUNE magazine’s 25 Breakout Companies for 2005. The company’s website is www.iodalliance.com

For more information please contact either:
Cary George
P3 Music Ltd

cary@p3music.com

Tel: +44 (0)1382 341026

Jessica Hoffman

IODA
Tel +1 925-296-6161
jessica@jhspartners.com