Motion Network TV

EANS-News: Motion Network TV /

Motion Network Holding ready for the Media convergence

@@start.t1@@--------------------------------------------------------------------------------   Corporate news transmitted by euro adhoc. The issuer/originator is solely   responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@

Company Information

Subtitle: Motion Network Holding ready for the Media convergence

London (euro adhoc) - Motion Network Holding has strenghtened its management and business structures. Traditional media and internet is now part of the business strategy.

Its agreement with the world leader site covering film festivals filmfestivals.com allows the company to produce rich and unique contents associated with films, awards, stars' interviews and red carpet events around the world.

Motion Network Advertising has been created so as to generate strong revenues as of the start of broadcasting in territories such as Germany, France, UK & Ireland, Benelux, Austria, Switzerland, Poland and Ukraine. Motion Network Advertising has already built relationships with international ad agencies and major international brands that have expressed interests in working with Motion Network TV and addtionnal Media TV and Internet.

MNH signed in Paris a LOI with Motion Sponsor, the online movie lovers community dedicated to Movie financing, Our Goal is to develop the model in other EU Countries

MNH has started the purchase of Antetime Production in July 2010 and will achieve it before the end of the year. The company will be Motion Networks' film production subsidiary. 5 films are currently in preproduction, 4 of which are presold to Canal+. All budgets represent a total financing rounds of 16 million euros. Germany and Belgium will be the main coproducers.

Motion Network Holding has presented its financial and business proposition to institutional and private investors in the UK, France, Switzerland in order to raise 10 million euros. The money invested will allow Motion Network to start to broadcast first in 10 territories then in 20 territories in year 2.

LOI for investment of 6 million Euros from a pool of private investors has already been signed that specify that Motion Network will close the financing as soon as the trading volume and the share price reach the fair value of the up to date development. The management board would avoid a dilution and expects a share price at 0,03 giving a market cap up to 27 Millions euros..

The company currently works to generate other investment propositions.

@@start.t2@@end of announcement                                                 euro adhoc
--------------------------------------------------------------------------------@@end@@

ots Originaltext: Motion Network TV
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Christophe Kourdouly
Telefon: +33 1 42562438
E-Mail: c.kourdouly@motionnetworktv.com

Branche: Media
ISIN:      GB00B291K520
WKN:        A0M910
Börsen:  Frankfurt / Open Market



Weitere Meldungen: Motion Network TV

Das könnte Sie auch interessieren: