SOURCE: TVN Entertainment

August 07, 2006 08:00 ET

Lionsgate Roars Into VOD With TVN Entertainment

SANTA MONICA, CA and BURBANK, CA -- (MARKET WIRE) -- August 7, 2006 -- TVN Entertainment and Lionsgate (NYSE: LGF), the leading independent filmed entertainment studio, announced today that they have teamed up to distribute Lionsgate's motion picture titles in a multi-year VOD deal. The agreement encompasses all new release movies and product from Lionsgate's prestigious library of more than 7,500 motion picture and television titles.

Lionsgate is coming off its second straight year with more than $300 million at the domestic theatrical box office with a slate of titles that includes Best Picture Oscar® winner "Crash," and the popular "Saw" franchise.

The agreement also includes access to TVN's ADONISS 2.0 advanced asset management system, which provides Lionsgate unparalleled control over its VOD assets across TVN's ubiquitous distribution platform. ADONISS 2.0 will allow Lionsgate to update and modify metadata even after a title has been uploaded to the VOD server. Lionsgate could, for example, extend the VOD exhibition window across one, some, or all affiliates via a simple web-based update.

"We are very pleased to be partnered with TVN in the digital media space and to tap into their expertise in the VOD arena," said Jon Ferro, Executive Vice President of Administration & TV Distribution for Lionsgate. "TVN's leadership in encryption, watermarking, and security supports our decision to make our movies available in VOD closer to theatrical release than ever before. This agreement is another milestone in our commitment to leverage our content into new digital media opportunities that offer potentially incremental revenue streams."

"Lionsgate is known for daring and original programming and they are equally innovative in their VOD strategy. VOD customers have long wanted access to hit movies on a more timely basis so we are delighted to support Lionsgate's strategy as well as their creative packaging and marketing initiatives for library titles," said Doug Sylvester, Chief Operating Officer of TVN Entertainment.

About TVN Entertainment Corporation

TVN Entertainment, a video on demand (VOD) content solutions company, is a leading provider of on demand television programming, management and delivery services. TVN currently offers more than 3000 hours of VOD programming from over 120 content providers. In addition to comprehensive programming services, TVN Entertainment offers the only single-source management and distribution solution for VOD, including content aggregation, packaging, encoding, asset management and fully encrypted transport via satellite to all video service providers. TVN Entertainment has been chosen as the VOD solution for many leading MSOs and telecommunications companies, including Adelphia, AT&T, Atlantic Broadband, Bresnan, Buckeye, Blue Ridge, Cablevision, Charter, Comcast, Cox, Insight, Mediacom, Midcontinent, RCN and Verizon. For more information visit www.TVN.com.

About Lionsgate

Lionsgate is the leading independent filmed entertainment studio (www.lionsgate.com). Fresh off the Best Picture Academy Award®-winning "Crash," its second consecutive year grossing more than $300 million at the domestic box office and the recent unveiling of an upcoming slate of nine prime time television series, Lionsgate is a premier producer and distributor of motion pictures, television programming, home entertainment, family entertainment and video-on-demand content. Its prestigious and prolific library of more than 5,000 titles is a valuable source of recurring revenue and a foundation for the growth of the Company's core businesses. The Lionsgate brand is synonymous with original, daring, quality entertainment in markets around the globe.

Contact Information

  • Contact:
    Eileen Eberhardt
    TVN Entertainment
    818-295-4505
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