Paul McCartney First Artist Signed to New Hear Music Label

Starbucks (Nasdaq: SBUX) and Concord Music Group proudly announced today that Hear Music's inaugural CD release will be from none other than music legend Paul McCartney. The album is slated for release early this summer and will be available at all traditional music retail outlets and Starbucks locations internationally. The announcement was made at the Starbucks Annual Meeting of Shareholders in Seattle where McCartney made a surprise appearance via satellite.

"For me the great thing is the commitment and the passion and the love of music, which as an artist is good to see," said McCartney. "It's a new world now and people are thinking of new ways to reach the people and for me that's always been my aim."

"Having the honor of releasing an album by Paul McCartney as our first project under the Hear Music label is in a word, remarkable," said Ken Lombard, president of Starbucks Entertainment. "This demonstrates how Hear Music can present even the most successful recording artists of all-time with unique opportunities to reach existing fans, as well as a new audience of listeners."

"It is such a privilege to be able to present this amazing new album to the world," said Glen Barros, president and CEO of the Concord Music Group. "I believe that McCartney fans, like myself, will find that this album connects them to everything that they've always loved about Paul, yet also delivers a new personal dimension that shows his continued evolution as an artist. It is a truly profound recording."

With their recent creation of the Hear Music label and the newest offering from McCartney, Starbucks Entertainment and Concord Music Group have taken big first steps in the evolution of their partnership. Hear Music grew from the two companies' mutual quest for music that demonstrates quality, authenticity, relevance and passion. Hear Music seeks to provide a new platform for reaching music fans and introducing them to both emerging and established artists with inspired vision and a keen sense of purpose. This will result in compelling music selections for consumers.

Starbucks Entertainment and Concord Music Group's past collaborations include Ray Charles' "Genius Loves Company," which to date has sold 5.5 million copies worldwide and won an unsurpassed eight GRAMMY®> Awards including Album of the Year. In addition, Sergio Mendes' "Timeless" won a Latin GRAMMY®> for Best Brazilian Contemporary Pop Album of the Year and to date has sold close to a million copies worldwide.

About Concord Music Group

The Concord Music Group is one of the largest independent record and music publishing companies in the world and owner of a rich and, in many cases, historically significant catalog of recordings. Concord Music Group's legendary family of labels include Concord Records, Concord Jazz, Fantasy, Stax, Milestone, Riverside, Specialty, Telarc, Peak, Heads Up, Pablo, and Prestige, to name a few. They include titles from some of the most admired and enduring names in music, including Ray Brown, Rosemary Clooney, John Coltrane, Creedence Clearwater Revival, Miles Davis, Ella Fitzgerald, Isaac Hayes, Little Richard, Thelonious Monk, Oscar Peterson, Tito Puente, George Shearing and Mel Torme. The group's current roster of world-class artists includes: Karrin Allyson, George Benson, Chick Corea, Kurt Elling, John Fogerty, Gerald Albright, Will Downing, Ladysmith Black Mambazo, Sergio Mendes, Jane Monheit, Ozomatli, John Pizzarelli, Poncho Sanchez, Spyro Gyra, Curtis Stigers, Angie Stone and Tierney Sutton.

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