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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Medal Ent&Med | LSE:MME | London | Ordinary Share | GB0031004350 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 23.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6357J Medal Entertainment & Media PLC 04 April 2003 For release at 07.00, 4 April 2003 MEM PLC SIGNS EXCLUSIVE LICENSING DEAL WITH CARLTON VISUAL ENTERTAINMENT Medal Entertainment and Media plc (MEM) has signed an agreement with Carlton Visual Entertainment (CVE) giving it exclusive direct marketing rights to the Carlton Visual Entertainment library. CVE, a subsidiary of Carlton Communications Plc's Consumer Product Division, is one of the leading independent video and DVD distributors in the UK. Under the terms of the deal, Leisureview Limited, MEM's video distribution arm, will now be the sole direct marketing distributor of all the titles in the CVE library throughout the UK and Eire for a period of 5 years. The value of the contract is undisclosed, although under the terms of the agreement MEM will share all net revenues generated on a 50-50 basis with CVE. CVE's library covers not only the Carlton TV catalogue, with titles such as Inspector Morse and Auf Wiedersehen Pet, but also the extensive Rank Films and ITC libraries, including amongst others The Ipcress File and A Tale of Two Cities. Leisureview will manufacture, distribute, market and sell the titles through existing mail order, direct mail and direct TV advertising channels. Any other direct marketing specialists will in future source products through Leisureview. Steve Ayres, Chief Executive of MEM, commented: "To my knowledge this deal is unique in the industry, giving us a clear run at direct marketing a substantial number of the UK's favourite TV dramas and films. Leisureview has a strong marketing team headed by Tony Knight, previously head of direct marketing at Britannia Video. This deal is a major step forward for the Group to achieve its aim of becoming a major force in the exploitation and distribution of intellectual property rights, particularly in the growth areas of TV, home video and DVD. I am confident that the deal will produce significant revenue streams for both us and Carlton." Gerry Donohoe, Managing Director of Carlton Visual Entertainment, added: "We are pleased to have signed this deal with MEM. Leisureview is an accomplished direct marketing specialist and we are confident that this will maximise the revenue from direct marketing channels over the coming years, which will complement the retail success that we are experiencing via our library, through the enormous growth of DVD." For further information, please contact: Steve Ayres, Chief Executive John West / Rosie Brown MEM plc Tavistock Communications Tel: 020 8427 2277 Tel: 020 7600 2288 Gerry Donohoe, Managing Director Carlton Visual Entertainment Tel: 020 7486 6688 This information is provided by RNS The company news service from the London Stock Exchange END AGRSSMFWDSDSELL
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