SOURCE: KOCH Records

October 11, 2007 15:52 ET

Jim Jones Signs to Columbia Records and Retains Joint Partnership With KOCH Records

NEW YORK, NY--(Marketwire - October 11, 2007) - Rapper and entrepreneur Jim Jones has signed a new deal with Columbia Records. This new deal is a partnership of sorts with KOCH Records. KOCH will still be involved in marketing and radio promotion for Jones, and participate in revenue streams, while Columbia will oversee all aspects of his campaigns.

Jones will have the best of both worlds as the #1 Indie label and one of the most historic major labels team up with him on his upcoming album.

Jones has recorded three albums for KOCH Records: "On My Way to Church" (2004), "Harlem: Diary of a Summer" (2005), and "Hustler's P.O.M.E. (Product of My Environment)" (2006). "Hustler's P.O.M.E." recently was certified Gold, and spawned his smash hit, "We Fly High."

KOCH Records President Bob Frank states, "Jim Jones is a superstar and this arrangement positions him in such a way as to maximize the strengths of the #1 Independent KOCH Records and the most storied and historic label in the history of the record business, Columbia Records."

"We are thrilled to join forces with KOCH Records on behalf of Jim Jones. We believe in his artistry and are excited about the future," said Steve Barnett of Columbia Records.

"Jim Jones is the real deal," added Hip Hop of Columbia Records. "He has been in the game for a minute and is one of the best."

About KOCH Entertainment

KOCH Entertainment, founded in 1987 and now in its twentieth year, is the leading and fastest-growing independent music company in the U.S. KOCH's operations encompass record and video labels as well as distribution companies in the U.S. and Canada. KOCH Entertainment is the market leader among independent labels and distributors in both the U.S. and Canada and its record label KOCH Records had the largest number of Billboard charting albums among independents for six years in a row (2001 - 2006). KOCH Entertainment is owned by Entertainment One Ltd. which is listed on the London Stock Exchange's AIM market (ticker symbol "ETO").

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