October 19, 2000 06:42am
PRVT: Canal Plus Signs Content Licensing Agreement with Private Media Group For European Territories
Source: Private Media Group Inc.
by: Company Press Release
(BARCELONA, Spain) -- Private Media Group Inc. (Nasdaq: PRVT - news) worldwide leader in premium- quality adult entertainment products, services and Internet content, today announced it has signed agreements with Canal Plus to supply film content for Canal Plus's television networks throughout Europe.
Canal Plus will receive the exclusive rights to broadcast 75 titles from Private's library on their networks while paying an undisclosed amount. The territories included are France, French speaking Belgium, Benelux, Scandinavia, Spain and Italy.
CANAL+ is Europe's largest Pay-TV operator with 14 million subscriptions to its different offerings and 4.3 million digital subscribers. CANAL+ is also Europe's first thematic channel provider with 25 channels and a presence in 14 countries, the third largest holder of audiovisual rights worldwide as well as a leading international supplier of digital TV technology.
CANAL+ is part of the Vivendi Universal Company, Vivendi (Paris Bourse: EX.FP), Canal+ (Paris Bourse: AN.FP) and The Seagram Company Ltd. (NYSE: VO - news). Vivendi is one of Europe's leading media and telecommunications companies, providing a broad range of communications, entertainment and educational services, including fixed line and mobile telephony, Internet services, film production and publishing. The company is also a leading global provider of environmental management services.
The leading publicly quoted adult entertainment company in the world, Private Media Group Inc., is the founder of the globally established brand name 'Private' and has positioned itself in the market place with a visionary management strategy that combines both New Economy (Internet, multimedia, e-commerce) and Old Economy (videos, magazines) business models. Maintaining a total adult lifestyle philosophy, this is reflected in the company's broad range of products and services, both proprietary and licensed, and its strategic policies of development, diversification and acquisition.
For more information, visit the company corporate website at www. prvt.com
This release contains, in addition to historical information, forward- looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgments of those issues. However, because those statements are forward-looking and apply to future events, they are subject to such risks and uncertainties, which could lead to results materially different than anticipated by the Company.
For further information, please contact: In Barcelona, Spain: Johan Gillborg of Private Media Group Inc., +34-93-590-7070, johan@milcap.es; or In London, England: Adam Reynolds of Hansard Communications.Com, +44-207-840-7782, adam.hansard@clsholdings.com.
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