Initial Venture with Worlds End Management

Twenty First Republic (TFR) Launches with Offices in New York and Los Angeles

New York, New York, Tuesday, March 29, 2011…

Universal Republic Records and Twenty First Artists, both divisions of Universal Music Group (UMG), the world’s leading music company, today launched Twenty First Republic (TFR), a new management division that caters to U.S.-based music producers and engineers. The announcement was made today by Monte Lipman, President & CEO of Universal Republic, Avery Lipman, Co-President & COO of Universal Republic, Colin Lester, CEO of Twenty First Artists, and Sandy Roberton, CEO of Worlds End Management.

With offices in New York and Los Angeles, Twenty First Republic will be overseen by Sandy Roberton and Tom Mackay, who will also continue in his duties as Executive Vice President of A&R for Universal Republic. The company will combine the creative resources of Universal Republic and the extensive management experience of Twenty First Artists to discover, nurture and develop the careers of music producers and engineers. Twenty First Republic will seek to facilitate new revenue-generating business while creating cross-marketing and promotional opportunities for its clients.

“As we continue to expand our business, we are going from strength to strength with Colin through this innovative venture,” stated Mr. Lipman. “Through Twenty First Republic, we will be tapping into music and the creative process in its purest form, while leveraging the resources of our company to find production talent and extend their reach in the marketplace.”

“This is an exciting new venture and a watershed moment for Twenty First Artists,” commented Mr. Lester. “It opens up a myriad of opportunities for our business. By combining the scale and reach of Universal Republic in the US with the management and brand development experience of Twenty First Artists, we are creating the preeminent leader in this fast-growing area of the business.”

In its first venture, Twenty First Republic will handle clients from Worlds End Management, while its principal Sandy Roberton will operate TFR on a day-to-day basis. Worlds End clients now being represented by Twenty First Republic include Larry Klein, Nick Launay, Stephen Lipson, Tim Palmer, Atticus Ross, Peter Katis, George Drakoulias and Matthew Wilder.

“Worlds End is one of the most respected management companies in the music industry,” remarked Mr. Mackay, “And this has everything to do with Sandy’s innovation, his entrepreneurial approach and the tremendous success he and his team has achieved. We’re delighted to be working with them and one of the most distinguished rosters of clients in the business.”

"We're excited to be joining Monte, Colin, Avery and Tom for what we believe to be the next step in the evolution of our business,” added Mr. Roberton. “Twenty First Republic has the reach and influence to not only continue, but enhance the quality of representation that we've provided for so many years at Worlds End."