New Frontier Media Announces the Launch of Three Linear Pay-TV Channels in Latin America
- Domestic and International distribution up to 288 million network homes -
- International distribution now exceeds 35 million network homes -
BOULDER, Colo., April 7 /PRNewswire-FirstCall/ -- New Frontier Media, Inc. (Nasdaq: NOOF), a leading provider of transactional television services and a distributor of independent general motion picture entertainment, today announced that it has secured satellite transponder capacity for the launch of three international linear pay-TV channels. The satellite footprint covers all of Latin America and parts of Europe, including Spain and Portugal.
New Frontier Media has emerged as a leading provider of top-performing transactional adult content in both the domestic and international markets in which it operates.
"Over the past 24 months, our international distribution has grown from zero to over 35 million network households," said Michael Weiner, CEO of New Frontier Media, Inc. "We have quickly become the top-performing provider of adult programming on the major international platforms that carry our content. As a result, most operators that distribute our video-on-demand product have materially increased our share of shelf space over the past 12 months. Additionally, operators that currently distribute our linear pay-per-view channels internationally have indicated that New Frontier Media is the category leader in terms of overall performance. Based on this performance data and the sequential growth in our international revenue, we are confident that three additional channels in Latin America and Europe will accelerate this growth."
"We expect the new international channels to launch on May 1st of this year," continued Mr. Weiner. "At the time of launch, we expect to have signed carriage agreements with operators that will increase our linear channel distribution in Latin America by more than 20%. We also expect our addressable subscriber base to grow steadily as operators in markets outside the U.S. continue to roll out digital TV services to their customer base."
Cautionary Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. These forward-looking statements are covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes,'' "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. All forward-looking statements made in this press release are made as of the date hereof, and the Company assumes no obligation to update the forward-looking statements included in this news release whether as a result of new information, future events, or otherwise. Please refer to the Company's most recent Form 10-K and other filings with the Securities and Exchange Commission ("SEC") for additional information regarding risks and uncertainties, including, but not limited to, the risk factors listed from time to time in such SEC reports. Copies of these filings are available through the SEC's electronic data gathering analysis and retrieval (EDGAR) system at www.sec.gov.
About New Frontier Media, Inc.
New Frontier Media, Inc. is a leading producer and distributor of branded television networks and on-demand programming. The Company delivers nine full-time transactional adult-themed pay-per-view ("PPV") channels, along with video-on-demand ("VOD") services, to cable and satellite operators world-wide. These PPV and VOD services currently reach approximately 288 million network homes. Distribution of the Company's programming originates at New Frontier Media's state-of-the-art digital broadcast center in Boulder, Colorado. The Company owns thousands of hours of digital content and partners with movie studios to deliver a variety of transactional adult entertainment to its customers.
New Frontier Media's Film Production segment produces original mainstream motion pictures that are distributed in the U.S. on premium movie channels, such as Cinemax® and Showtime®, and internationally on similar services. The Film Production segment also develops and produces original event programming that is widely distributed via satellite and cable pay-per-view providers. This segment also represents the work of a full range of independent film producers in markets around the world.
The Company is headquartered in Boulder, Colorado, and its common stock is listed on the Nasdaq Global Select Market under the symbol "NOOF." For more information about New Frontier Media, Inc. contact Grant Williams, Chief Financial Officer, at (303) 444-0900, extension 2185, and please visit our web site at www.noof.com.
For Immediate Release |
|
Company Contact: |
|
Grant Williams |
|
Chief Financial Officer |
|
(303) 444-0900 x 2185 |
|
SOURCE New Frontier Media, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article