Territory deals for Super Soccer Star
23 Februar 2009 - 8:00AM
UK Regulatory
TIDMGON
RNS Number : 6949N
Galleon Holdings PLC
23 February 2009
Date:23 February 2009
On behalf of: Galleon Holdings plc ("Galleon", "the Company" or "the Group")
Embargoed until: 0700hrs
Galleon Holdings PLC
* Territory deals for Super Soccer Star in India and the Middle East
Galleon Holdings plc (AIM: GON), the AIM listed entertainment media company
developing and producing multi-platform properties with a focus on emerging
markets, is pleased to announce that it has signed two contracts to grant Media
Star Global the territory rights to Galleon's wholly owned property Super
Soccer Star in Indian and the Middle East. Produced in association with Chelsea
Football Club, Super Soccer Star is a multi-platform entertainment property
which includes a prime time reality show to find the best football players
between 13 and 16 years old.
Under the terms of the agreement, Galleon will receive a non refundable but
recoupable advance of $200,000 and $175,000 for the Indian and Middle Eastern
territories respectively, with a revenue share of net income. The Middle East
contract covers the United Arab Emirates, Qatar, Kuwait, Oman, Bahrain and Saudi
Arabia.
Media Star Global is an entertainment company founded by Wasim Haq to develop,
produce and manage entertainment properties in emerging markets. As with
previous successful series of Super Soccer Star in China and Malaysia, online
recruitment and TV promotion will be undertaken in the build up to the show and
additional brand sponsors will be announced in due course. The show generates
revenues from mobile and online voting, sponsorship, advertising and branded
merchandise.
Commenting on the agreement, Stephen Green, CEO of Galleon Holdings, said:
"The success of Super Soccer Star in China and Malaysia has enabled us to expand
the show in to new regions. India and the Middle East are key regions that offer
a huge potential for this property. We are excited about working with Media Star
Global and the opportunities this presents.
"With the help of our production partners, we are confident at being able to
create a truly global entertainment brand for Supper Soccer Star and expanding
the current footprint into further territories."
Wasim Haq, CEO of Media Star Global, added:
"We look forward to working with Galleon and Chelsea FC on this prime time
property. It has a proven track record and we are optimistic about its future in
India and the Middle East."
-Ends-
Enquiries:
+-------------------------------------------------+--------------------------------+
| Galleon Holdings plc | www.galleonplc.com |
+-------------------------------------------------+--------------------------------+
| Stephen Green, Chief Executive | Tel: 020 8742 3636 |
+-------------------------------------------------+--------------------------------+
| | |
+-------------------------------------------------+--------------------------------+
| Cenkos Securities (Nominated Adviser & Broker) | |
+-------------------------------------------------+--------------------------------+
| Ken Fleming / Jon Fitzpatrick | Tel: 0131 220 9772 / 0131 220 |
| | 9773 |
+-------------------------------------------------+--------------------------------+
| | |
+-------------------------------------------------+--------------------------------+
| Redleaf Communications | Galleon@redleafpr.com |
+-------------------------------------------------+--------------------------------+
| Samantha Robbins / Sanna Sumner / Mike Ward | Tel: 020 7566 6700 |
+-------------------------------------------------+--------------------------------+
Notes to Editors:
ABOUT GALLEON HOLDINGS
Galleon Holdings plc creates and distributes multi-platform branded
entertainment properties focused on the emerging markets, in particular China
and South East Asia. The entertainment properties are designed to establish a
direct, interactive relationship with the viewer.
Television in China reaches approximately 98% of the population of 1.3 billion.
Mobile phone penetration is also high, with over 450 million subscribers and
with over 300 million people online, China is now the largest online market in
the world. Huge TV audiences and growing interactive platform access presents a
substantial opportunity for Galleon to benefit from the popularity and demand
for interactive entertainment and game shows. China is forecast to become the
world's fifth largest advertising market.
In October 2007 Galleon acquired Phoenix, a Hong Kong based media solutions
company, which specialises in the provision of interactive broadcast television
services that enable broadcasters in China and South East Asia to provide
interactive entertainment for audiences to access through TV, online and mobile.
In February 2008 Galleon acquired Yunbo, a mobile service provider in China,
strengthening the Company's ability to provide Chinese broadcasters with a
complete media solution for multiplatform entertainment. Galleon now has total
control over the interactive content, its delivery to the consumer, data capture
and the billing process.
Galleon develops entertainment formats for children, families and young adults.
These include:
* Super Soccer Star - an interactive family orientated football talent show.
Produced in association with Chelsea Football Club. The first series, broadcast
in Guangdong province, China, achieved top five show status. The show has
recently launched in Malaysia.
* Skunk Fu! - a comedy action animated TV show for kids aged 6-11.
* Apollo's Pad - an interactive online animated sitcom targeting the young male
audience.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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