Distribution Deals
July 02 2001 - 3:00AM
UK Regulatory
RNS Number:1723G
Entertainment Rights PLC
2 July 2001
ENTERTAINMENT RIGHTS PLC
Home Entertainment Company launched under the Right Entertainment label
Barbie Distribution Deals Signed
Entertainment Rights has launched its own home entertainment company, Right
Entertainment. The Right Entertainment label will be distributed in the UK and
Ireland by Universal Pictures Video UK (UPV UK) which will release all
Entertainment Rights video and DVD programming. UPV UK paid Entertainment
Rights $500,000 on the signing of the exclusive partnership deal. Barbie in
the Nutcracker, an animated feature film, will be the first release in the
autumn.
In a separate deal, Universal Pictures Visual Programming (UPVP) has paid
Entertainment Rights $1.75m for worldwide home video rights for Barbie in the
Nutcracker (excluding the UK, Ireland, Canada and the United States).
Entertainment Rights controls rights to over 750 hours of programming, a
substantial proportion of which will now be exploited in the deal with UPV UK.
Through the Right Entertainment label, Entertainment Rights intends to become
a major player in the UK home video and DVD market which is estimated to be
worth #1.1bn p.a. Children's programming is believed to be worth over #250m.
Mike Heap, Chief Executive of Entertainment Rights, commented:
"We are delighted to have concluded this arrangement with Universal, they have
unrivalled experience in sales and distribution and combined with
Entertainment Rights' expertise will make an unstoppable force. We believe
home entertainment will be a major contributor to turnover and profit, going
forward."
2 July 2001
ENQUIRIES:
Entertainment Rights Plc Tel: 020 8762 6200
Mike Heap
Julie King
College Hill Tel: 020 7457 2020
Richard Pearson
Lisa Pearson
Entertainment Rights (LSE:ERT)
Historical Stock Chart
From Sep 2024 to Oct 2024
Entertainment Rights (LSE:ERT)
Historical Stock Chart
From Oct 2023 to Oct 2024