Update Re. US Home Entertainment distribution
23 Januar 2009 - 9:25AM
UK Regulatory
TIDMERT
RNS Number : 1435M
Entertainment Rights PLC
23 January 2009
For immediate release: 23 January 2009
Entertainment Rights plc
(the "Company" or "Entertainment Rights")
US Home Entertainment distribution
Entertainment Rights wishes to update the market on its plans for US Home
Entertainment distribution.
US Distributor
On 8 January 2009 the Company announced that it was evaluating its business
partnership with Genius Products LLC ("Genius"), the Company's primary North
American DVD distributor. Genius has not yet paid certain trading and advance
fees due to the Company and has otherwise failed to perform in accordance with
its distribution agreement. The Board has now terminated its contract with
Genius and will transfer its North American business to a new distributor. The
Board continues to consider that some or all of amounts owed by Genius may be at
risk and the Company continues to pursue all of its available legal remedies.
Deborah Dugan, Chief Executive Officer, commented:
"We are disappointed that Genius has chosen not to honour its commitments under
our contract with them. We are confident of concluding arrangements with a new,
well known, distributor in a timely manner who we believe will offer the Company
the scale and quality of distribution meriting of our popular home entertainment
products. "
Enquiries:
Entertainment Rights plc - Tel. 020 8762 6200
Deborah Dugan, Chief Executive Officer
Edward Knighton, Chief Financial Officer
M: Communications - Tel. 020 7153 1540
Ben Simons or Charlotte Kirkham
About Entertainment Rights
Entertainment Rights Plc (ER) is a global entertainment media company, with a
portfolio that includes some of the world's most popular children's, family and
pop-culture brands. With offices in London, New York and Nashville, the Company
specialises in the origination, acquisition and distribution of children's and
family programming, characters and brands. The Company's catalogue appeals to a
broad demographic from pre-school children to young adults and families. The ER
catalogue consists of more than 3,600 hours of content that has been distributed
in more than 170 territories worldwide. ER's expertise is in the exploitation
of its catalogue of brands and content in a number of key disciplines, including
television and theatrical distribution, product licensing and merchandising,
live and home entertainment, and digital media.
Key brands in ER's global portfolio include Postman Pat , Where's Waldo?(TM),
Tinga Tinga Tales(TM), VeggieTales , Rupert Bear , George Of The Jungle(TM),
Lassie , Casper The Friendly Ghost , Basil Brush , Finley The Fire Engine(TM),
The Lone Ranger , He-Man and the Masters of the Universe , She-Ra(TM) and
Rudolph the Red-Nosed Reindeer .
Visit www.entertainmentrights.com
This information is provided by RNS
The company news service from the London Stock Exchange
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