LOS ANGELES, Nov. 13, 2006 (PRIMEZONE) -- NT Media Corp. (OTCBB:NTMM), a diversified media and entertainment company, announced today that it has joined the iTunes affiliate program. Through the program NT Media's music division, NT Music, will be able to display the iTunes logo on its site and generate commissions by purchases made through links to the iTunes store.
Last week, the company announced its first artist to be distributed on iTunes, "Mikey Mo the MC."
NT Music will be able to link its website to 2 million tracks from all four major labels and 1,000 independents, plus 16,000 audiobooks and over 35,000 podcasts available on the iTunes store. 42 percent of Apple's revenue comes from music, which was up 36 percent year over year. iPod shipments grew 35 percent to 8.73 million; more than 39 million were sold during the year. CFO Pete Oppenheimer said Apple estimates that over 70 percent of 2007 model year cars sold in the U.S. will offer direct iPod integration as an option.
"Joining the iTunes affiliate program will allow us to enhance our site and have access to marketing material designed by Apple, and generate revenues through the affiliate program," said Ali Moussavi, CEO of NT Media Corp.
About NT Media
NT Media Corp. is a publicly traded diversified entertainment and Media Company based in Los Angeles, California with operations in film and television production and finance.
Forward-Looking Statements
Certain statements in this news release may constitute "forward looking" statements within the meaning of section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ.