DJ Motion Network Holding Plc ("MNH") Frankfurt listed, symbol HORA: keeps moving its policy to implement local partnerships in Europe forward.
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Motion Network Holding Plc ("MNH") Frankfurt listed, symbol HORA: keeps moving
its policy to implement local partnerships in Europe forward. Each country
platform will be in charge of domestic advertising sales, local content
production and e-commerce solutions. Last week, MNH concluded a deal with
Spectrum Optim Moscow for the exploitation of Russia, Belarus, Kazakhstan, and
Georgia. Today, MNH carries on concluding a deal with Komuna for the
exploitation of Serbia, Montenegro, Kosovo, Bosnia, Croatia, Macedonia, Albania
and Romania. Maksa Catovic (prominent Serbian producer) will run the business
all over the Balkans.
MNH remains the majority shareholder with a 55% shareholding in the new
partnership entity and will supply 90% of subtitled programs in the Balkans,
common programmes for global Europe.
Komuna will make the most of this peculiar and diverse region. Maksa Catovic,
CEO of Komuna is an experienced movie producer - he produced such international
box office as Underground and Black cat, white cat by Emir Kusturica. Komuna is
also considered to be the leading Yugoslav independent TV program producer and
has produced a wide range of TV programs - music programs, documentary on music
and TV series. Maksa Catovic created integrated media company - movie, TV,
music, publishing - thus Komuna is the ideal partner for MNTV in the Balkans.
Today MNH is in advanced talks with major partners in all Europe, the aim is to
have partners with the same profile as Komuna, integrated companies with
vertical businesses and distribution or sales network already running. said
Christophe K. Kourdouly exec VP MNH
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 Luxembourg 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 Komuna
Komuna is an integrated entertainment company. It produces movies, TV content,
music - both records and concerts - and publishes books and comics. Komuna
expertise covers the whole ex-Yugoslavian area. It is the leading Yugoslav
independent TV program and movie producer. For further information visit
http://www.komuna.com
end of announcement euro adhoc
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(END) Dow Jones Newswires
February 29, 2008 03:46 ET (08:46 GMT)
© 2008 Dow Jones News
