Ad-hoc | 7 April 2000 08:09
Ad hoc-Service: Intertainment AG
Frankreich (
Ad-hoc announcement sent by DGAP.
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Intertainment sells film rights in France and the
United Kingdom worth more than USD 70 million
Munich, April 7, 2000 – 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
End of Message