SOURCE: WGL Entertainment Holdings, Inc.

November 12, 2007 07:00 ET

WGA Strike Presents a Golden Opportunity for the WGL Million Dollar Shootout

ORLANDO, FL--(Marketwire - November 12, 2007) - WGL Entertainment Holdings, Inc. (PINKSHEETS: WGLT) announced today that the Writers Guild of America strike has presented an exceptional opportunity for the MDSO to move into a national prime time slot or late night slot to fill the lack of scripted programming for the major networks. With original scripted episodes set to run out by January, the broadcast networks are hard at work developing alternative programming to fill in the scheduling gaps just in case the strike is prolonged. Unless the WGA and AMPTP resume negotiations, it's looking less likely that an end to the strike will happen anytime soon. Late Night Talk/Variety, which was the first genre to experience immediate consequences, has already been thrown into repeats as of 11/5. "Saturday Night Live" ("SNL") went dark as of 11/10.

"Any one of the late night talk spots and especially the NBC 11:30 PM 'SNL' slot would be perfect for the MDSO. Other prime time network slots will also be explored by MDSO's New York agent," said Mike Pagnano, CEO WGL Entertainment Holdings, Inc. "The final episode of the MDSO will air this week on the Comcast Sports Network and we will use that momentum to pursue this golden opportunity presented by the WGA strike." Stay tuned for frequent updates.

WGL Entertainment Holdings, Inc., through its subsidiary WGL Entertainment, is the producer of the WGL Million Dollar Shootout Reality Television Series and several other made-for-T.V. sports entertainment events scheduled to be produced in 2008 and beyond.

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

Contact Information

  • For more information contact:
    Michael Pagnano
    WGL Entertainment Holdings, Inc.