SOURCE: Allumination FilmWorks

September 05, 2006 13:36 ET

Allumination FilmWorks and the Newly Acquired UAV Corporation Become a Subsidiary of UK-Based ContentFilm plc

Company Will Retain the Name Allumination FilmWorks in North America

WOODLAND HILLS, CA -- (MARKET WIRE) -- September 5, 2006 -- Allumination FilmWorks (AFW), a leading independent entertainment company, along with its recent acquisition of UAV Corporation has been acquired by the UK-based company, ContentFilm plc, a publicly owned company. As a result, AFW is now a wholly owned subsidiary of ContentFilm plc. This acquisition was finalized today by AFW owners Kerry McCluggage and Jeff Sagansky. The newly-integrated company will be led by McCluggage as Chairman and Cheryl Freeman as Chief Executive Officer. The company will retain the name Allumination FilmWorks in North America.

With the purchase, the company now holds an existing library of approximately 700 titles for U.S. domestic DVD distribution. Additionally, AFW also has domestic TV rights as well as international TV/DVD rights to these titles. The company will continue to aggressively pursue product for all avenues of distribution as well as expand its audio division. The UAV business adds a level of children's and family content to the library.

"We are pleased to have closed the second step in this transaction and are genuinely excited about the prospects for this company's continued growth," commented McCluggage, AFW Chairman. "Together with Cheryl Freeman, our UK-based partners, and the newly combined team, we plan to aggressively work to create an even more significant U.S. DVD operation and a full-service distribution platform."

"We are excited with the expansion of the UAV library and team," says Freeman. "The addition of this product to our library gives us an opportunity to reach markets we have previously not sought. Our relationship with ContentFilm plc affords us a tremendous opportunity with experienced partners and complementary skills."

Allumination FilmWorks was acquired in March 2005 by entertainment industry veterans Jeff Sagansky and Kerry McCluggage. Both afford the company truly unmatched experience within the global entertainment arenas. Under the new ownership, the company has become even more aggressive in their acquisition strategies as well as within the international global market. Sagansky most recently served as President and CEO of Paxson Communications, owner of PAX TV. McCluggage was Chairman of Paramount Television Group. Chief Executive Officer Cheryl A. Freeman brings over 25 years of experience as an Operations and Finance executive to the company. Before founding Allumination FilmWorks, she served as Chief Financial Officer and Vice President of Operations for Unapix Entertainment, Inc.

Launched in August 2002, Allumination FilmWorks has quickly established itself as an important and dynamic new player in the distribution of quality entertainment to broadcast, satellite and cable television as well as both the theatrical and home entertainment markets worldwide. Allumination has succeeded in building substantial libraries of theatrical motion pictures, television series, documentaries and reality programming, music and sports specials, lifestyle titles, and a wide array of "how-to" product. The award-winning company boasts an impressive portfolio of nearly 200 quality theatrical films in all major categories, as well as over 4,000 hours of television programming, along with music specials and kids/family feature titles for television, cable and home video/DVD distribution markets worldwide. Visit Allumination FilmWorks at www.alluminationfilmworks.com.

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