IFTV France and MNH operates share swap
Paris (euro adhoc) -
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Paris (euro adhoc) - 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 IF Television, a French TV broadcaster with all government authorizations and Licenses. IFTV will operate early January on satellite, cable, ADSL and offers movies programmes from recent productions. The deal consists in shares cross sharing; MNH will acquire 25% of IFTV. IFTV will acquire 10% of MNH. IFTV has been evaluated at 25M euros according to Bryan Garnier fund analysts or two times revenues and will broadcast over French speaking territories and on mid term in Latin America. The business model is quite different as soon as IFTV is a pay TV with a subscription model. The aim is to reach 300 000 subscribers for the Year 1, with a subscription price of 5 euros monthly, the actual breakeven of IFTV is 10M euros/year Synergies are numerous, Decrease of the risks connected to the production of News content, Film acquisition?s network to be shared, VOD exploitation in French speaking territories starting in January, easier financing solutions thanks to a better valuation of the joint venture and new territories to be exploited in South America; the Management of IFTV, Mr Daniel Castro (ex Tribeca Films studio NY) has been working for the past thirty years as manager of different media companies in Latin and North America. MNH and IF television will cooperate firstly on financing, IFTV brings its equity fund on the table and MNH will bring its bank financial engineering giving a 20M euros fundraising before the end of the year. MNH will start broadcasting in Ukraine December 15th. Territories of Russia, Croatia, Serbia, Bosnia and Slovakia will follow early January.
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 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 IFtelevision IF television was founded in 2007. The Company has its core business in pay TV and pay-per-view). The management has been authorized to broadcast in France, Belgium, West Africa and Switzerland. The programmes are feature films from independent producers worldwide and film News. Today IF television owns the broadcast rights for 300 films. For further information visit http://www.iftelevision.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