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CHINA AND AMERICA PARTNER TO GLOBALLY DISTRIBUTE CHINESE MUSIC
January 16, 2005
The President and CEO of Los Angeles based AIM Group, Mr. Frank Mayor,
and President and CEO of Los Angeles based PanPacific Ventures, Inc., Mr.
Peter Jansson, have officially announced the formation of CRC JIANIAN
CULTURAL DEVELOPMENT CO. LTD., a newly created joint venture partnership
between AIM Group, LLC, PanPacific Ventures, Inc. and China Record
Corporation (CRC), the oldest and largest government-owned record label
in mainland China. The joint venture is being funded by AIM Group and
will have offices in Los Angeles and Beijing, as well as representation
in four other major Chinese cities including Shanghai.
CRC Jianian owns the exclusive worldwide rights to publish and distribute
the music of China, which includes CRC's 60,000-title catalog of
traditional Chinese ethnic and folk music. The company's business model
incorporates film, television and music productions in China, including
new artist development, and will subsequently lead to the creation of a
stable and viable distribution network within the mainland. In addition,
the company will utilize its close relationship with the Beijing Olympic
Committee and other Chinese governmental entities in presenting premiere
musical and cultural events during the 2008 Olympic Games to be held in Beijing.
CRC Jianian is the charter Publisher member of China's Performing and
Mechanical Rights Society, MCSC (Music Copyright Society of China) and is perfectly
situated to help guide and shape the Chinese music industry towards
establishing a standard set by other leading societies around the world,
ultimately building a strategic and globally-recognized infrastructure
within mainland China. As the only Publisher member of MCSC to date, CRC
Jianian has the unique opportunity to represent and sub-publish any and
all music catalogs from around the world and the ability to collect all
types of copyright royalties effectively, efficiently and legitimately within mainland China.
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