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Munich (ots Ad hoc-Service) -The Munich-based media corporation
Intertainment AG entered into a 22.4 million US-dollar Free-TV deal
with the independent Spanish distributor Manga Films at AFM (American
Film Markets). Manga Films, in which the Spanish media giant
Catalunya Communicacio is to acquire an interest, will purchase from
Intertainment the Spanish first exploitation licenses for Free-TV.
The film package includes productions to be released within the next
twelve months at the cinema or on video, such as inter alia "Art of
War" (Wesley Snipes), "Get Carter" (Sylvester Stallone), "Battlefield
Earth" (John Travolta) and "The Pledge" (Jack Nicholson).
In addition to the Free-TV and all rights revenues, which in Spain
alone amount to 22.4 million US-dollars for the first license, there
will be further revenues from the cinema as well as video
distribution and sales and the granting of Pay-TV licenses.
Simultaneously, Intertainment is actually negotiating the granting of
the German, French, Italian, English, Scandinavian and East European
FreeTV licenses for the same films.
Rüdiger Baeres, Chairman of Intertainment AG: "This transaction
proves that the Intertainment strategy of marketing our license
rights on a European level is indeed the right policy. In addition to
the cinema, video and Pay-TV distribution via Warner Bros and20th
Century Fox, we now, step-by-step, will grant Free-TV licenses to our
films all over Europe." The deal with Manga Films is the first big
Free-TV transaction in a major European area resulting from the
co-production and co-financing agreement with Franchise Pictures and
"The Whole Nine Yards" still number one
The Intertainment production "The Whole Nine Yards" is still
number one of the US movie charts. On the second weekend following
the impressive cinema release in the United States the action comedy
starring Bruce Willis successfully held its ground against the new
releases "Wonder Boys" with Michael Douglas and "Reindeer Games" with
Rüdiger Baeres adds: "Our first major highlight "The Whole Nine
Yards" already proved the quality of the film rights acquired by us.
The success of the film starring Bruce Willis will have a positive
impact on our revenues through all levels of exploitation. In
addition, it shows the high degree of marketability of all our film
packages - our content."
Intertainment Corporate Information:
Munich-based Intertainment AG is a media corporation specializing
in the licensing and merchandising of feature films. Intertainment AG
is listed on the Neuer Markt of the Frankfurt stock exchange. Based
on preliminary figures for the 1999 fiscal year, the corporation
increased revenue by 81% to 53 million marks, representing an
increase in conventional business activities of approx. 115% to 19
million marks. For the current fiscal year, Intertainment expects
revenues of approx. 290 million marks, and an overall operating
result of more than 76 million marks. This increase in sales stems
largely from a European-wide expansion of business activities.
For more information contact: Intertainment AG Claudia Wilmans
Widenmayerstrasse 49 80538 Munich Tel.: +49 / 89 /21 69 9-0 Fax: +49
/ 89 / 21 69 9-11 e-mail: email@example.com
Original-Content von: Intertainment AG, übermittelt durch news aktuell