Targetspot S.A.

Regulatory Filings • Dec 8, 2020

• With the creation of Jamendo Rights Management, AudioValley sets out to conquer collective music rights management,
• A high-potential market of €6 billion.

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Press release

www.audiovalley.com

8 December 2020 - 17:45 CEST

AudioValley: Sébastien Veldeman ◆ investorrelations@audiovalley.com ◆ Actifin: Simon Derbanne • sderbanne@actifin.fr •

This launch aligns perfectly with Jamendo's momentum. As a reminder, Jamendo generated €2.7m in revenue in the fiscal year 2019, accounting for 12% of the group's total sales. Jamendo Rights Management is expected to begin posting revenue in 2021.

Alexandre Saboundijan, CEO and founder of AudioValley, says: "The opening of the rights management market will enable the whole music world to access alternatives in line with the artists' needs. Their requirements have completely changed in the last 15 years with the digital ramp-up. This evolution in rights management is a real opportunity for private companies to be able to participate in a €6 billion market. Backed by its technological expertise and its proven ability to support artists and manage their catalogues with over 10 years of experience, Jamendo is well positioned to take advantage of this transformation."

NEXT EVENT

2020 annual revenue Wednesday, 27 January 2021 after market close

CONTACTS

AUDIOVALLEY Sébastien Veldeman + 32 (0) 2 466 31 60 investorrelations@audiovalley.com

ACTIFIN, financial communications Simon Derbanne +33 (0) 1 56 88 11 14 sderbanne@actifin.fr

ACTIFIN, financial press relations Jennifer Jullia +33 (0)1 56 88 11 19 jjullia@actifin.fr investorrelations@audiovalley.com

AudioValley