ots Ad hoc-Service: Intertainment AG <DE0006223605> Intertainment sells film rights in France and the United Kingdom worth more than USD 70 million
Munich (ots Ad hoc-Service) -
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Intertainment AG has sold film licenses to the British media corporation Redbus and the French television broadcaster TF1 with a total volume of more than USD 70 million. Together with the recently announced free-TV contracts for the Italian and Spanish markets, Intertainment's total film license package sales have reached a volume of approximately USD 115 million in the recent past. "Negotiations for additional contracts are also in the final stages", according to Rüdiger Baeres, Chairman of the Managing Board at the Munich corporation, which is listed on the German New Market.
While the deal between Intertainment and TF1 covers free-TV for the French market, the Redbus contract award rights for free-TV and video-on-demand in the United Kingdom. The British contract includes the American mainstream films "The Whole Nine Yards" with Bruce Willis in the leading role, "Battlefield Earth" (John Travolta), "Art Of War" (Wesley Snipes and Donald Sutherland), "Get Carter" starring Sylvester Stallone, "The Pledge" (Jack Nicholson), "The Whole Shebang" (Bridget Fonda) and "Angel Eyes" (Jennifer Lopez), as well as the VOD rights to other Intertainment films.
The films sold are the work of the renowned American production companies Franchise Pictures and Original Voices. Last year Intertainment acquired the pan-European rights to these films from both companies. The contracts guarantee the Munich media corporation the rights for all marketing aspects, adding the French and British theater, video and pay-TV revenues to Intertainment earnings from the previously sold films.
Information on Intertainment:
Munich-based Intertainment AG is a media corporation specializing in film licensing and merchandising activities. Preliminary figures for the fiscal year 1999 show growth in revenues of 91.5 percent to DEM 56.1 million for the media group, which is listed on Frankfurt's New Market. This growth was accompanied by an increase in results from ordinary business activities of approximately 130 percent to DEM 20.2 million. In the current fiscal year, Intertainment is expecting a boost in revenues to approximately DEM 290 million and results from ordinary business activities totaling more than DEM 76 million. This jump in revenue will be generated in part by the expansion of business activities throughout Europe.
Press Contact: Intertainment AG Claudia Wilmans Widenmayerstrasse 49 D - 80538 Munich
Tel.: ++49 89 / 21 69 9-0 Fax: ++49 89 / 21 69 9-11 E-mail: cwilmans@intertainment.de
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Original-Content von: Intertainment AG, übermittelt durch news aktuell