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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Enter Rights. | LSE:ERT | London | Ordinary Share | GB0008138884 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.08 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMERT RNS Number : 1435M Entertainment Rights PLC 23 January 2009 For immediate release: 23 January 2009 Entertainment Rights plc (the "Company" or "Entertainment Rights") US Home Entertainment distribution Entertainment Rights wishes to update the market on its plans for US Home Entertainment distribution. US Distributor On 8 January 2009 the Company announced that it was evaluating its business partnership with Genius Products LLC ("Genius"), the Company's primary North American DVD distributor. Genius has not yet paid certain trading and advance fees due to the Company and has otherwise failed to perform in accordance with its distribution agreement. The Board has now terminated its contract with Genius and will transfer its North American business to a new distributor. The Board continues to consider that some or all of amounts owed by Genius may be at risk and the Company continues to pursue all of its available legal remedies. Deborah Dugan, Chief Executive Officer, commented: "We are disappointed that Genius has chosen not to honour its commitments under our contract with them. We are confident of concluding arrangements with a new, well known, distributor in a timely manner who we believe will offer the Company the scale and quality of distribution meriting of our popular home entertainment products. " Enquiries: Entertainment Rights plc - Tel. 020 8762 6200 Deborah Dugan, Chief Executive Officer Edward Knighton, Chief Financial Officer M: Communications - Tel. 020 7153 1540 Ben Simons or Charlotte Kirkham About Entertainment Rights Entertainment Rights Plc (ER) is a global entertainment media company, with a portfolio that includes some of the world's most popular children's, family and pop-culture brands. With offices in London, New York and Nashville, the Company specialises in the origination, acquisition and distribution of children's and family programming, characters and brands. The Company's catalogue appeals to a broad demographic from pre-school children to young adults and families. The ER catalogue consists of more than 3,600 hours of content that has been distributed in more than 170 territories worldwide. ER's expertise is in the exploitation of its catalogue of brands and content in a number of key disciplines, including television and theatrical distribution, product licensing and merchandising, live and home entertainment, and digital media. Key brands in ER's global portfolio include Postman Pat , Where's Waldo?(TM), Tinga Tinga Tales(TM), VeggieTales , Rupert Bear , George Of The Jungle(TM), Lassie , Casper The Friendly Ghost , Basil Brush , Finley The Fire Engine(TM), The Lone Ranger , He-Man and the Masters of the Universe , She-Ra(TM) and Rudolph the Red-Nosed Reindeer . Visit www.entertainmentrights.com This information is provided by RNS The company news service from the London Stock Exchange END MSCVXLBLKFBLBBF
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