IMG Acquires SSS Territory Rights
31 März 2009 - 8:00AM
UK Regulatory
TIDMGON
RNS Number : 7540P
Galleon Holdings PLC
31 March 2009
Date:31 March 2009
On behalf of: Galleon Holdings plc ("Galleon", "the Company" or "the
Group")
Embargoed until: 0700hrs
Galleon Holdings PLC
* IMG acquires territory rights for Super Soccer Star in Eastern Europe and
Scandinavia
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 a contract with IMG
Entertainment, the premiere global sport and entertainment company, to exploit
Galleon's wholly owned property Super Soccer Star in Eastern Europe and
Scandinavia.
Under the terms of the agreement IMG Entertainment has the rights to the Super
Soccer Star format in Russia, CIS (Ukraine, Kazakhstan, Belarus, Azerbaijan,
Uzbekistan, Turkmenistan, Georgia, Armenia, Tajikistan, Kyrgyzstan, Moldova),
Eastern Europe (Estonia, Latvia, Lithuania, Poland, Czech Republic, Slovakia,
Hungary, Romania, Bulgaria, Slovenia, Croatia, Bosnia-Herzegovina, Serbia,
Macedonia, Montenegro, Albania), Turkey and Scandinavia (Denmark, Norway,
Sweden, Finland).
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. The show
generates revenues from mobile and online voting, sponsorship, advertising and
branded merchandise. This agreement with IMG builds on two successful series
aired in China and Malaysia and territory rights granted in Indonesia, Vietnam,
the Middle East, India and the US. Negotiations regarding the rights to further
territories are ongoing.
Commenting on the agreement, Stephen Green, CEO of Galleon Holdings, said:
"IMG is a leading global media operator and we are delighted to be working with
them in rolling out Super Soccer Star to Eastern Europe and Scandinavia. This
deal along with our recent territory deals in Vietnam, India and the Middle East
demonstrates the global appeal of our multiplatform approach."
Mark Young, SVP of IMG Entertainment, added:
"We are excited about working on Super Soccer Star with Galleon and our
infrastructure, ability and know how will enable us to successfully exploit this
proven multi-channel property across these territories."
Casimir Knight, Managing Director of Chelsea Digital Media, said:
"We are delighted that Galleon and IMG - both long-term media partners of the
club - will be working together on SSS in these exciting territories."
- 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 | 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 500 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.
ABOUT IMG ENTERTAINMENT
IMG Entertainment, the entertainment production and distribution division of IMG
Worldwide, is one of the world's largest independent producers of drama, comedy,
unscripted, fashion, documentary and children's content. With offices in Los
Angeles, New York and London, IMG Entertainment's production subsidiaries
include the award-winning Darlow Smithson Productions, Tiger Aspect Productions
and Tigress Productions. IMG Entertainment produces and distributes 5,000 hours
of network, cable and syndicated programming annually, including "Make Me a
Supermodel," "Secret Diary of a Call Girl," "Sordid Lives: The Series," "Bingo
America," and "Vanity Lair."
This information is provided by RNS
The company news service from the London Stock Exchange
END
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