Regarding the music distribution issue

Throughout the period 2012-2015, our company VIDYPS 79 d.o.o., headquartered in the Republic of Serbia (Europe), operated as a music distribution service with the aim of connecting its clients with multiple digital music platforms by enabling artists and labels to upload songs to digital audio stores and streaming services and/or music videos to digital streaming services.

VIDYPS 79 had a Membership Agreement with Merlin B.V. that stood for a "global digital rights agency for the world's independent label sector" based in the Netherlands (Europe). The digital platforms demanded that all the agreements and payments for the digital music sales be made through Merlin.

In 2012, VIDYPS 79 launched Blue2Digital, a highly successful digital music distribution service. It operated flawlessly all the way up until April 2015, when one of the most respected New York based music video services, Vevo, began sending us the delayed royalty reports that did not reflect the actual number of views generated from the videos owned by Blue2Digital's artists. As a socially responsible company, we refused to send such false reports over to our clients and insisted on getting genuine and properly revised data. About a month later, as apparently being unable to act on a fair and professional basis, Vevo took down the videos distributed by Blue2Digital and kept them offline for two weeks. With the help of Merlin (they confiscated all the money VIDYPS 79 had with them) and a couple of scammers (who either were involved with initiating the issue, or came up as a consequence), Vevo aborted any further payments to VIDYPS 79 having left an enormous debt of hundreds of thousands of dollars unpaid to our company and its clients.

The very most of Blue2Digital's artists whose videos were taken down from Vevo were registered in the United States. Vevo has never come out with an official explanation on this issue and never offered any compensation. Every effort we made to reach an agreement and settle the matter was arrogantly ignored.

Finally, on August 30, 2017 and November 15, 2017 the aforementioned companies and scammers were reported to the IC3 via WWW.IC3.GOV.

Shortly after the submission of our report, on December 15, 2017 Vevo's board of directors announced a "leadership transition at the world's leading all-premium music video and entertainment platform". Erik Huggers, Vevo's President and CEO since 2015, had decided to step down to "pursue new opportunities".

Expectedly, on May 24, 2018 Vevo announced "changes to its owned and operated platforms" which resulted in Vevo shutting down its video-hosting service.

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