SOURCE: Peace Arch Entertainment Group Inc.

April 18, 2008 16:47 ET

Peace Arch Entertainment Concludes Strongest MIPTV Market in Company's History

18 Titles Cleared in 14 Territories at Premier International TV Sales Market in Cannes

TORONTO--(Marketwire - April 18, 2008) - Peace Arch® Entertainment Group Inc. (AMEX: PAE) (TSX: PAE), an integrated global entertainment company, today announced that it closed major television and DVD deals on 18 titles in 14 territories at April's MIPTV market held in Cannes, France, the best showing in the Company's history.

"We are pleased to report robust sales on a wide variety of new and catalogue titles at this important international television market," said Peace Arch Entertainment President-COO, John Flock. "Over the past year performance at MIPTV and the other major television markets has become an increasingly important part of our business plan, and it will become even more so as we execute the planned expansion of our television production, acquisition and sales business over the next few quarters."

Peace Arch licensed its explosive four-hour mini-series "Guns" to RTL2 in Germany, Free Dolphin in Spain, Nu Metro in South Africa, and Movie Network in Australia. "Guns," starring Elisha Cuthbert, Lyriq Bent and Colm Feore, is the gritty story of four families caught up in illegal weapons trafficking and the impact it has on their lives.

The Peace Arch sales team, led by international sales chief Kevin Byles, also made sales on other new product including "Never Cry Werewolf" starring Nina Dobrev and Kevin Sorbo, the crime drama "The Last Hit Man" starring Joe Mantegna, and the heart-warming family drama "Ace of Hearts" starring Dean Cain. Licensees include Nu Metro, Movie Network, BskyB in the United Kingdom, RTE in Ireland, Phoenicia in the Middle East, Daro in Eastern Europe and Lime-Light in Benelux.

Other sales were made on the feature drama "Guantanamero" starring Natalia Verbeke, the Tom Green starring comedies "Shred" and "Shred 2," the Stephen Rea thriller "Devil's Mercy," and the Lucy Liu/Cillian Murphy romantic comedy "Watching the Detectives."

Lifestyle TV programming sold by Peace Arch at MIPTV included the series "Bulging Brides," which was acquired by WEtv for Spain and Latin America.

About Peace Arch® Entertainment Group Inc.

Peace Arch Entertainment produces and acquires feature films, television and home entertainment content for distribution to worldwide markets. Peace Arch owns one of the largest libraries of top quality independent feature films in the world, featuring more than 1000 classic and contemporary titles. For additional information, please visit www.peacearch.com.

Forward-Looking Statements

This press release includes statements that may constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, availability of capital and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

Contact Information

  • Contact:
    Roy Bodner
    Senior Vice President Marketing and Communications
    Peace Arch Entertainment
    (310) 776-7208
    Email Contact: Email Contact