DJ The new agreement in Turkey marks the roll-out plans of Motion Network Holding to make out of Motion Network TV the first syndication in Europe and a pan-European channel
Motion Network TV / stock market
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Motion Network Holding, parent company of Motion Network TV, the first 24/7
free movie channel in Europe, is finalizing talks with Strech Films in Turkey
in order to launch Motion Network TV Turkey. Adding to Motion Network TV
Russia, Georgia, Belarus, Kazakhstan and Balkans, Motion Network Holding
strengthens its position in far eastern Europe. This new agreement marks the
roll-out plans of Motion Network Holding to make out of Motion Network TV the
first syndication in Europe and a pan-European channel.
Motion Network TV adds a new vast territory. The channel will broadcast movies
that will be subtitled in Turkish and programs in Turkish locally produced by
Strech Films. Strech Films has already contacted cable and digital operator and
will implement Motion Network TV roll-out by reaching the widest audience.
With over 14 million television-owning households, the broadcasting market is
one of the biggest in Europe. The vast majority of private television channels
are considered as generalist in terms of their output. In recent years, there
has been a rise in the number of thematic channels. There are several music,
documentary, sports, news and entertainment channels. But there is no real
movie thematic channel so far in the Turkish media landscape. More over there
is significant popular demand for new technologies and services, as observed in
the mobile telephone market, where there is a penetration of 40 per cent, with
around 30 million users.
Strech Films is a young and ambitious production company established in 2007.
It has already worked with prestigious client such as Fox. Its creation follows
the successful carrier of its founders, Ulas Ygit Ülker and Omer Faruk Baydar,
in the entertainment industry. Ulas Ygit Ülker, CEO of Strech Films, enjoys a
various experience as he worked for ATV, Ogilvy & Mathers Advertising Agency
and take part at different levels in several movies and commercials.
"After analyzing your global business plan, made necessary research and
evaluation of Motion Network TV's opportunities and challenges in the receptive
market; we have, after consultation from major media actors in Turkey, reached
a positive conclusion" said Ulas Ygit Ülker, CEO and founder of Strech Films.
The partnership combines Motion Network Holding European vision and network
with a strong experience in all aspect of the domestic media and entertainment
industry from Strech Films executives.
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 Strech Films
Strech Film was established by Ulas Yigit Ulker and Faruk Baydar in 2007 after
many years of experience from production of various television programs, music
videos, advertisements and films. With the wide scope of knowledge the
company's focus is to provide services to the costumers in terms of all steps
of the productions life cycle, which means in addition to the production
itself, they do also contribute with pre-, post facilities and services.
Despite their new entrance into the market, they have been working with
reputable companies as Fox TV, MTV and Turkcell. For further information visit
http://www.strech-film.com/
end of announcement euro adhoc
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(END) Dow Jones Newswires
March 04, 2008 05:55 ET (10:55 GMT)
© 2008 Dow Jones News
