New Frontier Gets Content & Development Deal
(FinancialWire via COMTEX) --
April 5, 2012 (FinancialWire) -- Television services and motion picture distribution company New Frontier Media (NASDAQ: NOOF) said it has won a 2,500 scene, 250 hour worldwide content and development agreement with content production company Bluebird Films.
The content is expected to be provided worldwide to cable and satellite operators for distribution through New Frontier Media's TEN, or The Erotic Networks, 15 pay-per-view channels and video-on-demand services.
The agreement reportedly includes a commitment from Bluebird to develop and produce 250 hours of original content beginning in April 2012 that will initially be provided exclusively to New Frontier Media's worldwide cable and satellite customers. Over 2,500 high-definition scenes from Bluebird's existing library will also reportedly be available for worldwide distribution.
The agreement also includes an option to acquire up to 900 additional, to-be-produced scenes over a three year term, according to New Frontier.
Bluebird Films has studios in London, Prague and Las Vegas.
New Frontier Media (approx market cap $US 27 mil.),engages in the provision of transactional television services and distribution of general motion picture entertainment. It primarily serves cable and satellite operators, movie channel providers and Hollywood studios in the U.S., Europe, the Middle East, Africa, Latin America, Canada and Asia. The company was founded in 1988 and is headquartered in Boulder, Colorado.
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Stocks: New Frontier Media (NASDAQ: NOOF)
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