April 6, 2006
CONTACT: Jeff Pryor
Executive Vice President/Corporate Communications
email@example.com; o. 310-449-3446
THE MGM CHANNEL EXTENDS ITS REACH INTO INDIA, THE PHILIPPINES, VIETNAM AND CAMBODIA
MGM Networks Unleashes its Legendary Lion and Accelerates the Growth of its
Channel Business in Asia
PRAGUE, CZECH REPUBLIC 6 April, 2006 -- MGM Networks, a division of Metro-Goldwyn-Mayer Studios Inc., has announced a string of breakthrough distribution agreements in key Asian markets. The MGM Channel will roll out in India, the Philippines, Vietnam and Cambodia. The announcement was made today by Bruce Tuchman, Executive Vice President, MGM Networks.
Debuting this month, the MGM Channel will be available on Zee’s Dish TV platform, India’s leading DTH service. Tuchman said: “We are very excited to begin our newest chapter in the booming Indian market with this launch. Having previously seeded demand in India through a co-owned, co-branded channel with Zee TV, we are now launching a wholly MGM-owned, exclusively MGM-branded network in order to more fully mine the opportunities abounding in this dynamic market.”
In the Philippines, Sky Cable, the country's largest MSO, has just commenced the roll out of The MGM Channel as part of its new digital “Platinum” package offering. In Vietnam and Cambodia, Ho Chi Minh City Television and Phnom Penh Municipal Cable and Optical Television, respectively, have entered into distribution agreements with MGM Networks and recently introduced The MGM Channel to their customers.
The MGM Channel's launch into India and these new Southeast Asian markets are the latest milestones in an aggressive roll-out of the channel across Asia. Starting with its debut in South Korea in 2002, The MGM Channel followed up with a series of launches in Hong Kong, Taiwan, Singapore, Macau, Thailand, Malaysia and Indonesia. MGM Networks also launched a second branded channel in South Korea, called MGM Plus, following the successful launch of its first Korean network.
“Our success and growth in Asia mirrors our success and growth elsewhere around the world,” continued Tuchman. “Over the last five years, MGM has increased its channel interests from approximately 25 countries and territories in a handful of regions to over 110 across Europe, Latin American, Africa, and Asia and the Pacific Rim.”
In Southeast Asia/Greater China, The MGM Channel is produced and distributed by MGM Networks through a strategic alliance with CNBC Asia Pacific. In South Korea, the channel is operated through a joint venture with leading local media companies, Skylife and Taewon Entertainment.
About MGM Networks
MGM Networks manages Metro-Goldwyn-Mayer Studios Inc.’s interests in MGM-branded networks, Hollywood film studio joint venture channels and other programming services spanning markets across Europe, North and South America, Asia, Oceana and Africa. Metro-Goldwyn-Mayer Inc., parent company of Metro-Goldwyn-Mayer Studios Inc., owns the world's largest library of modern films, comprising approximately 4,000 titles, and over 10,400 episodes of television programming. Its film library has received 208 Academy Awards, one of the largest award-winning collections in the world, and includes numerous successful film franchises, including James Bond, Pink Panther and Rocky. MGM is owned by an investor consortium comprised of Sony Corporation of America, Providence Equity Partners, Texas Pacific Group, Comcast Corporation and DLJ Merchant Banking Partners. For more information, visit www.mgm.com.
About Metro-Goldwyn-Mayer Inc.
Metro-Goldwyn-Mayer Inc., through its operating subsidiaries is actively engaged in the worldwide production and distribution of motion pictures, television programming, home video, interactive media, music, and licensed merchandise. The company owns the world’s largest library of modern films, comprising around 4,000 titles. Operating units including Metro-Goldwyn-Mayer Studios Inc., Metro-Goldwyn-Mayer Pictures Inc., United Artists Films Inc., MGM Television Entertainment Inc., MGM Networks Inc., MGM Distribution Co., MGM International Television Distribution Inc., Metro-Goldwyn-Mayer Home Entertainment LLC, MGM ON STAGE, MGM Music, MGM Consumer Products and MGM Interactive. In addition, MGM has ownership interests in international TV channels reaching nearly 110 countries. Under the supervision of new Chairman and CEO Harry Sloan, MGM is revitalizing all areas of the company. As a result, the studio is now being positioned as an independent, vertical integrated multi-media company. MGM ownership is currently as follows: Providence Equity Partners (29%), Texas Pacific Group (21%), Sony Corporation of America (20%), Comcast (20%), DLJ Merchant Banking Partners (7%) and Quadrangle Group (3%). For more information, visit www.mgm.com.