Motion Network Holding PLC (MNH) operated a share swap over Home TV
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stock market/Media
Motion Network Holding PLC (MNH), parent company of Motion Network TV, the first 24/7 free movie channel in Europe, operated a share swap over Home TV, subsidiary company of Horse Creek Entertainment AB. MNH owns 20 % of Home TV in Sweden and 65 % for the rest of Europe.
HomeTV started in 2006 in Sweden and Norway: The launch of HomeTV will start in Denmark and Finland soon. A huge number of marketing activities and promotions have been implemented during the first months of 2007. HomeTV is a part of many leading community sites.??The Baltic States, Poland, UK and Ireland will start in 2008. HomeTV in these territories will be launched under the trademarks www.hometvone.com and www.hometv1.com.
Movies from Warner Bros. were launched in March 2007 in Sweden, Norway, Denmark and Finland. Within the first six months box office hits like "Superman Returns", "The Departed", "300", "Blood Diamond", "Music & Lyrics" and the animated "Happy Feet" will be launched. Negotiations with other American film companies are in progress and distribution agreements with all seven major companies are estimated to be concluded by the winter of 2007/2008. Distribution agreements have been signed with Scanbox and Pan Vision. HomeTV will have full access to Scanbox´s library of films. This includes films like Mel Gibson´s "Apocalypto", "The Passion of the Christ and "Saw III". The agreement with Pan Vision includes local Swedish boxoffice hits from Sonet Film and the comedy group "Galenskaparna"s productions on films and TV series. These agreements will give HomeTV access to additional 500-700 titles. In addition to all content mentioned above are all Horse Creek Entertainment´s movies shown. Negotiations are taking place with different gaming companies. Mostly among gambling in poker, casino and sports. Under development for launch in 2008 is hometvbetting, where the consumer can bet on different movies, actors and other showbiz areas will be developed. This supply will make HomeTV a unique full service content provider on the Nordic market.
Horse Creek Entertainment is in negotiations with Sony BMG / EMI / MTV regarding screening rights to show concerts and music videos. These deals cover live concerts from around the world as well. HomeTV will under 2008/2009 supply the market with content straight to the mobile telephone. The mobile phones and nets of today make it possible to distribute content straight to your phone. With its participation in Home TV, MNTV pursue its strategy of "Thinking global, acting local. MNH intend to implement the international rollout of the HomeTV products through linkage with MNH´s local partners. In all countries where MNH broadcasts, HomeTV will be able to offer VOD services with both local market films and films common to all markets. In addition MNH will work with HomeTV to expand its VOD internet platform to fit a more global e-commerce model revolving around entertainment.
MNH will also expand the internet platform for VOD to fit a more global e-commerce revolving around entertainment . Home TV VOD Portal is a global platform locally customizable to fit in domestic markets. It complements MNH in reaching the all media scope and placing itself on all the film rights business range.
MNH´s acquisition of the participation in HomeTV combines MNH's European partner network with a world-class range of VOD content delivered by HomeTV.
About Motion Network Holding Plc ("MNH") MNH operates in the sector
of communication and provides B2C and B2B services in the area of
Television, IPTV, Internet, media content production and post
production, software and retail. MNH operating services cover mostly
Europe, Far East and the US. MNH's wholly owned Luxembourg subsidiary
Motion Network TV ("MNTV") is the main group company that operates as
a pan European film and music dedicated TV channel. For further
information visit http://www.motionnetworktv.com. About Horse Creek
Entertainment AB Horse Creek Entertainment AB (publ) was founded in
1989. The Company has its core business in sales of DVDs and sales of
movie rights of more than 1,000 titles in different windows (as
theatrical, video, payTV and pay-per-view). ??Some of the Company´s
clients are TV4, Viasat, discshop.se, ginza.se and Music Service.
Horse Creek has the biggest players in each distribution arm as loyal
clients.?? The current management bought the Company in 2002. ??Horse
Creek Entertainment AB has today three different divisions: HomeTV
(video on demand thru streaming, VoD)?, Sales of DVDs?, Sales of Film
rights. For further information visit http://www.hometvint.com/end of announcement euro adhoc
Further inquiry note:
Christophe Kourdouly
Telefon: +33 1 72 100 214
E-Mail: christophe@antetimeprod.com
Branche: Media
ISIN: GB00B291K520
WKN: A0M910
Börsen: Börse Frankfurt / Open Market