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EXHIBIT 99.0
LAUNCH MEDIA COMPLETES ITS ACQUISITION OF THE WARPED TOUR
SANTA MONICA, CA (September 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 Artist Agency, 4 fini inc., the law firm of Codikow,
Carrol, Guido & Groffman and Vans, Inc. LAUNCH will be filing Form 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
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. Kevin comes from an extensive background
working with internationally known bands like Jane's Addiction, Stone Temple
Pilots, 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 have offices in Los Angeles and New York and represent 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, 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, California, 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 Music, Warner Music Group, AOL, Microsoft,
NBCi, Intel, RealNetworks, NetZero, Yahoo!, Yahoo! Japan, SOFTBANK Ventures,
Tokyo Broadcasting System and others.
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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 filed March 30, 2000, 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
CONTACTS:
Charlene English, Media
LAUNCH
(310) 526-4340
[email protected]
Elisa Mailman, Investor Relations
LAUNCH
(212) 833-4712
[email protected]
