SOURCE: CMG Holdings, Inc.

January 24, 2011 08:30 ET

CMG Holdings Group, Inc. Enters Into Joint Venture With Meredith Video Studios (MVS)

NEW YORK, NY--(Marketwire - January 24, 2011) - CMG Holdings, Inc. (PINKSHEETS: CMGO), a full service global marketing, sports, entertainment and management communications company, that operates in the sectors of talent management, event management, commercial rights and digital technology, announced today that Meredith Video Studios -- Meredith Corporation's branded-entertainment division -- has entered into a strategic partnership with CMG Holdings Group, Inc. to create "The Wheel" -- a collection of expert-content vignettes to be sponsored by advertisers and licensed to local television stations.

"The Wheel" will bring CMG clients and other subject matter experts to life through medical financial, fashion and entertainment-themed vignettes to run during local television newscasts and as part of Meredith's Better show. Six themes will be produced and available for licensing: (1) Medical Minute; (2) Road to the London Games; (3) Financial Literacy; (4) Living Like Royalty; (5) Stop Pain Now!; and (6) Legends of Fashion. Meredith Video Studios and CMG Holdings Group will team up to sell sponsorship for the export-content on "The Wheel."

"We have set the industry standard in delivering expert content to consumers on multiple media platforms," said Kieran Clarke, Executive Vice President of Meredith Video Studios. "Adding 'The Wheel' to Meredith's line-up will help make our content even more relevant to our viewers."

"Meredith Video Studios' multi-platform delivery of content allows us to reach more viewers and serve more advertisers," said Alan Morell, CEO of CMG Holdings Group, Inc. "The Wheel" presents an ideal platform for our CMG talent and fortune 500 media sponsors." CMG Holdings Group, Inc. is a full service marketing communications Company operating in the sectors of talent management, event management and commercial rights.
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Meredith Video Studios' growing portfolio includes:

  • "Better" -- a daily hour-long syndicated lifestyle show currently airing in more than 65 markets;
  • Broadband channels BetterTV.com and Parents.com;
  • Parents TV -- a Video On Demand service reaching 15 million Comcast Cable system customers and a weekly broadcast syndicated show in development;
  • Strategic partnership with Interactivation's Mag Rack Video On Demand service that reaches 25 million homes;
  • Hundreds of women and entertainment-focused videos created for marketing and advertising clients;

About Meredith 

Meredith (www.meredith.com) is one of the nation's leading media and marketing companies with businesses centering on magazine and book publishing, television broadcasting, integrated marketing and interactive media. The Meredith National Media Group features 23 subscription magazines -- including Better Homes and Gardens, Family Circle, Ladies' Home Journal, MORE, Parents, Fitness, and American Baby -- approximately 150 special interests publications. Meredith owns 12 television stations, including properties in top-25 markets such as Atlanta, Phoenix and Portland. Meredith has approximately 150 books in print and has established marketing relationships with some of America's leading companies including The Home Depot, DIRECTV, Daimler Chrysler, Wal-Mart and Carnival Cruise Lines. Meredith's consumer database, which contains more than 85 million names, is one of the largest domestic databases among media companies and enables magazine and television advertisers to target marketing campaigns precisely. Additionally, Meredith has an extensive Internet presence that includes 32 Web sites and strategic alliances with leading Internet destinations. Meredith Hispanic Ventures publishes five Spanish-language titles, making Meredith the largest Hispanic publisher in the United States reaching women at every life stage.

About CMG

CMG Holdings Group, Inc. (www.cmgholdingsinc.com) is a full service global marketing, sports, entertainment and management communications company that operates in the sectors of talent management, event management and commercial rights.

"Talent Management" includes representation of personalities in the entertainment and the arts, athletes, literary industries through full service representations to enable clients to realize the up most potential for endorsements, licensing, contract negotiations, speaking appearances, literary and television image marketing. CMG represents athletes and sports personalities in team and non-team sports in a full-service approach ensuring individualized attention and commitment to manage clients' business opportunities. CMG manages broadcasters and actors careers and assists the engineering opportunities in film, broadcast and television and packaging with corporate sponsors.

"Event Management" includes marquis hospitality, sponsorships and licensing, broadcast production and implementation of events including hospitality services to the most discriminating of clients in sports sectors including golf, tennis, equine and motor sports pairing corporate sponsors and premier events and leveraging that experience to ensure our clients receive the highest return on their investment and level of brand exposure. CMG broadcast and production division secures, negotiates electronic production, broadcast and syndication opportunities for clients via network, cable television, radio and digital media.

"Commercial Rights" includes branding, consulting, endorsements, licensing, sponsorships, sales and marketing. CMG creates branding and distribute image-marketing tools to strategic outlets to generate premier brand recognition for our clients. CMG consulting focuses on developing high profile programs utilizing creative solutions to improve cost-efficiency and increase client revenues. CMG endorsements, licensing and sponsorships division works with premier corporations regarding contract negotiations for client endorsements, secure domestic and international licensing opportunities, provide implementation and execution services for client sponsorships.

Creative Management Group, Inc. is headquartered in Miami, Florida with a marketing and sales office in New York, Chicago, Tucson and Los Angeles.

Forward-Looking Statements

This release includes forward-looking statements within meaning of Section 27A of Securities Act of 1933, as amended, and Section 21E of Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in forward-looking statements include those set forth in our Form 10-K and other reports filed with the SEC. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

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