Agreement with Administrators of Target (7669Z)
March 21 2012 - 5:12AM
UK Regulatory
TIDMCMCP
RNS Number : 7669Z
Content Media Corporation PLC
21 March 2012
Date: 21 March 2012
On behalf of: Content Media Corporation PLC ('Content')
Content Media Corporation PLC
-- Exclusive agreement with the Administrators of Target
Content Media Corporation ("Content"), a pre-eminent owner of
media rights supported by strong film, TV and digital sales
divisions and one of the world's foremost independently owned
television distribution companies, today announced that it has
reached an exclusive agreement with the Joint Administrators of
Target Entertainment Limited and Minotaur International Limited
("the Companies").
The Companies - which were television distribution companies -
went into Administration on 28 February 2012 and ceased ongoing
distribution capabilities. Under the exclusive agreement, Content
will work with the Joint Administrators of the Companies to provide
an ongoing distribution solution for the Companies' Producers and
other rights owners (together "Producers"), subject to necessary
consents.
Content is not acquiring the Companies' business or its
assets.
The full press release is available on Content's web-site,
www.contentmediacorp.com
Mr John Schmidt, Chief Executive Officer of Content Media
Corporation, commented:
"We are pleased to have closed this exclusive deal which
provides an opportunity for Producers of the Companies to
transition their distribution across to Content. At this stage, we
do not know how many Producers will avail themselves of this
opportunity but we will be working hard to make the process as
quick and efficient as possible in an effort to bring more
television product and producer relationships into Content."
- Ends -
Enquiries:
John Schmidt/Geoff Webb www.contentmediacorp.com
Content Media Corporation PLC Tel:
020 7851 6500
Robert Emmet
Throgmorton Street Capital Tel: 020 7070 0973
Philip Secrett/ Colin Aaronson /David
Hignell
Grant Thornton Corporate Finance Tel: 020 7383 5100
Content Media Corporation plc ("Content"), is a publicly traded,
global entertainment media company based in London with offices in
Los Angeles, New York and Toronto, which owns and distributes a
significant library of film, television and digital assets. Content
Film, the film sales division, holds the rights to 200 titles and
helps producers secure financing, marketing and distribution. The
division also acquires top-tier documentaries.Content Television is
the television sales division, which holds the library rights to
3,200 hours of TV programming and 300 hours of digital content.
Content Digital licenses new and existing properties to digital
media platforms worldwide, including on-demand, broadband and
mobile. In addition, Content owns a significant stake in the
following companies:
-- Phase 4 Films, a film and home video distributor in the
United States and Canada, headquartered in Toronto and run by CEO,
Berry Meyerowitz
-- Collins Avenue, a television production company based in Los
Angeles and run by producer, Jeff Collins. Recent credits include
"Fly Girls" on the CW network, and current productions include
"Stuffed" for Animal Planet, "Dance Moms" for Lifetime and "Extreme
Kids Parties" for TLC.
-- Spirit Digital Media, a digital studio established by Peter
Cowley, former MD of Endemol UK Digital.
-- Content West, a television distribution company focused on
distribution activities throughout Wales and West England.
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRGMGZFLMLGZZG
Content Media (LSE:CMCP)
Historical Stock Chart
From Sep 2024 to Oct 2024
Content Media (LSE:CMCP)
Historical Stock Chart
From Oct 2023 to Oct 2024