Lake
Zurich, Ill., March 6, 2007 — To position operators for the April 2
launch of its new Gen 3 operating system for broadband, digital-jukebox
leader TouchTunes Music Corporation has announced that every new
jukebox purchased this year will come with 12 months of free AT&T
high-speed DSL Internet service.
TouchTunes says an operator’s annual savings will amount to almost
$360 per jukebox, based on the groundbreaking $29.95 AT&T broadband
rate that TouchTunes negotiated for operators in mid-2006, an industry
first.
Alternatively, in areas where AT&T broadband service is
unavailable, TouchTunes will provide operators with a $29.95 monthly
broadband subsidy per jukebox, to be credited on account, provided the
unit remains broadband connected.
The offer applies to 2007 purchases of TouchTunes’ Allegro floor
model and jumbo Ovation and compact Maestro II wall-model jukeboxes.
CD-to-digital jukebox conversion kits aren’t eligible.
"With a real-time, high-speed broadband connection, our new Gen 3
operating system delivers amazing new features that simplify music
management, allow patrons to download Web-based personal playlists for
jukebox use, and simplify song search and selection to boost plays and
revenues,” said Dan McAllister, TouchTunes’ senior vice president for
sales and marketing. “Beyond the patron-pulling power of personal
playlists, Gen 3 provides the platform for broadband-based,
social-networking features that will make TouchTunes’ jukeboxes even
more sociable and more popular with patrons."
The company also announced price rebates for quantity purchases of
its Allegro, Ovation, and Maestro II jukeboxes. Rebates range from nine
percent for purchases of three to four jukeboxes up to 21 percent for
purchases of 20 to 29 jukeboxes. Rebates are credited on account and
represent an additional savings on top of the free broadband offer.
TouchTunes Music Corporation introduced the world’s first digital
downloading, coin-operated commercial jukebox in 1998. Today,
TouchTunes’ online network of some 24,000 pay-per-play Internet
jukeboxes in bars, restaurants, and other establishments throughout
North America is the industry’s largest, representing a market share of
more than 60 percent.
A privately held U.S. corporation, TouchTunes’ principal offices are
in Montreal, Canada, and Lake Zurich, Ill., a Chicago suburb. The
company is backed by VantagePoint Venture Partners, one of the largest
venture capital firms in the world with offices in Silicon Valley, New
York, and Montreal. VantagePoint has over $4 billion in capital under
management, including a substantial portfolio of consumer-oriented
digital-media companies that complement TouchTunes’ growing leadership
in out-of-home, interactive entertainment.
For product and sales information, call TouchTunes toll-free at (888) 338-5853 or e-mail
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.