Anyway,as we are bordering into September here is a repeat of the 14th August announcement:
Galleon Holdings PLC
Agreement with MMTV in China
Galleon Holdings plc (AIM: GON), an AIM listed entertainment media company focused on the emerging markets, is pleased to announce that it has signed an agreement with Chinese National digital TV broadcaster, MMTV, to co-produce a series of Galleon's Play Along Gameshows ('PAGS') .
Under the terms of the agreement, Galleon's Chinese operation, Phoenix, a provider of interactive entertainment services to broadcasters in China and South East Asia, will work with MMTV to produce a range of highly interactive programmes or PAGS, which will include a dating show, a call-in chat show and a psychology show.
These shows are expected to launch in September. Revenue will be earned on a revenue share basis.
In addition to co-producing these shows, Galleon has secured an exclusive contract for its China based Mobile Service Provider Yunbo, to provide billing and fulfilment of all mobile or telephone based interactive activity, across all MMTV's programming.
MMTV is a fast growing digital TV channel targeting a female audience with programming that focuses on topics such as love and dating, fashion, TV shopping, wellbeing and lifestyle. Based out of Changsha in the Hunan province, it broadcasts across 92 cities and currently
reaches an audience of approximately 75 million, which is expected to grow to 130 million by the end of 2008.
Galleon is now working with four television stations in China on the development and production of interactive content and formats.
The Company expects to sign further agreements with Chinese television stations during 2008.
Commenting on the latest agreement in China, CEO of Galleon Holdings, Stephen Green said:
'Galleon is beginning to gain traction in the interactive entertainment TV market in China, growing its footprint with our portfolio of PAGS and also bigger prime time IP such as Super Soccer Star, first broadcast in Guangdong earlier this year.
We have numerous discussions underway allowing us to apply our business model to more entertainment with more partners.'
- Ends -
http://moneyam.uk-wire.com/cgi-bin/articles/200808140700052936B.html