GON Galleon Hldgs

RNS Number:7480Z
Galleon Holdings PLC
15 June 2004




                        Galleon Holdings plc: Acquisition

           Galleon Acquires 50% Interest In Hollywood Animation Studio


Galleon Holdings plc, the AIM listed cross media company, announces the
acquisition of a 50 per cent stake in Hollywood's newest animation studio called
J Christopher Entertainment, for a total consideration of 6 million ordinary
shares in Galleon, at 1p per share.


J. Christopher Entertainment brings together a powerful team of industry
stalwarts including producers, directors, artists, scriptwriters and animators,
led by ex-Disney producer Chris Henderson, who signed the deal in the UK from
California, over the weekend.


Chris's credits include The Hunchback of Notre Dame, 101 Dalmatians, Hercules,
the feature film Peter Pan's Return to Neverland and most recently Clifford the
Big Red Dog, the animated movie.


Commenting, Jim Driscoll, Chairman of Galleon said: "This is a very exciting
acquisition for us and once again demonstrates the recognition of the depth of
our portfolio of properties.


"The talent provided by this studio is second to none. The team's experience has
been gained over many years working for the large Hollywood studios including
Disney, Warner Bros, Dreamworks and Universal."


Chris Henderson, who remains the other 50 per cent shareholder, said: "I decided
to set up J Christopher Entertainment after many years of working for industry
heavyweights.


"The opportunity to work with Jim again - and now Galleon - means that both
creatively and commercially our complimentary skills will give us an edge in
terms of budgets and speed of delivery of high quality shows at very competitive
prices.


"We are currently working on Oggies and my entire team are totally convinced
that this show will have universal appeal.
                                                                          

"The response from kids in the USA to the Oggies unique sports series has been
very positive. We will be developing our properties alongside those of Galleon
and also providing a service for third parties."


The team includes Woody Yokum, Carter Crocker, Kenny Tomkins, Derek Carter and
Gary Eggleston. Their credits include 101 Dalmatians, Donald and Goofy's Three
Musketeers, The Hunchback of Notre Dame, Winnie the Pooh, Cinderella, Tarzan,
Jungle Book and The Lion King.


The Oggies - featuring extreme sports-loving characters - was launched to global
television bosses at the MIPTV festival in Cannes earlier this year.


Mr. Driscoll added: "This is another acquisition which provides an opportunity
for the team to share collectively in the success of future productions with a
backend participation share of revenue. It again demonstrates the belief by
others of the value of our rights portfolio."


Chris Henderson said: "This is a unique opportunity for my studio and team to
not only work on multiple projects but to share financially in their success."


                                    - Ends -


Notes to Editors:


Galleon Holdings plc is a multi-media company across a number of platforms with
interests in animation, media production, database marketing, software
publishing, public relations and trade journal publishing.



For further information contact:            

Oliver Du Croz or Nigel Pipkin
The Warman Group
Tel: 0121 605 1111
Fax: 0121 605 0111
Email: oliver@warmangroup.com


Jim Driscoll
Galleon Holdings plc
Tel: 01384 350210
Mob: 07785 977969


Peter Binns
Binns & Co PR Limied
Tel: 020 7786 9600
Fax: 020 7786 9606
Email: pbinns@binnspr.co.uk






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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