15.09.2016
PANTALEON Entertainment AG DE000A12UPJ7
DGAP-News: PANTALEON signs MOU for global distribution of up to 5,000 Chinese feature films for pantaflix.com
DGAP-News: PANTALEON Entertainment AG / Key word(s): Miscellaneous
PANTALEON signs MOU for global distribution of up to 5,000 Chinese feature
films for pantaflix.com
15.09.2016 / 10:45
The issuer is solely responsible for the content of this announcement.
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September 15, 2016. For immediate release.
PANTALEON signs MOU for global distribution of up to 5,000 Chinese feature
films for pantaflix.com
- Strategic cooperation with Stephen Lam Ping Kwan's Hong Kong-based 3a
Motion Pictures to provide global distribution of Chinese content to
240 territories worldwide
- Execution of memorandum of understanding (MOU) a breakthrough moment
for PANTALEON's relationship with Asian markets
- PANTALEON's new video-on-demand (VoD) platform PANTAFLIX
(pantaflix.com) to become largest global catalog of Chinese films for
50 million Chinese living abroad
Berlin / Hong Kong, September 15, 2016 - PANTALEON Entertainment AG (XETRA:
PAL, ISIN: DE000A12UPJ7) has signed a memorandum of understanding (MOU) to
cooperate with Stephen Lam Ping Kwan's 3a Motion Pictures Limited: Hong
Kong-based 3a will provide up to 5,000 Chinese movies, offering global
distribution via PANTALEON's newly launched video-on-demand platform
pantaflix.com. For the first time, 50 million expatriate Chinese in 240
countries will be able to rent and watch popular content from back home.
With its extensive People's Republic of China network and expertise in the
Chinese entertainment market, 3a Motion Pictures Limited will become a
PANTAFLIX 'preferred partner', receiving the standard remuneration of 75%
for every online rental of their content. A wide range of Chinese movies
will be made available, from well-loved blockbusters to the latest
releases. The first content will be made available within three months.
"This partnership is a giant leap forward for PANTAFLIX, and a watershed
moment in PANTALEON's corporate history", says Dan Maag, PANTALEON CEO.
"Working with Stephen and his team means working with one of the most
experienced and well-connected groups in the Chinese entertainment
industry. The partnership brings us closer to our goal of making
pantaflix.com a relevant, disruptive player in the video-on-demand market
much sooner than planned. We set out to make PANTAFLIX the best possible
place to both distribute and watch film and, given that pantaflix.com
launched only a few weeks ago, this fantastic partnership only fuels our
optimism about what we can achieve in the near future."
With over 40 years' experience as a producer and executive, CEO of 3a
Motion Pictures Stephen Lam Ping Kwan is the former managing director of
Sil-Metropole Organisation Ltd., the only Hong Kong production company
since the 1980s to have the status of a People's Republic of China state-
owned studio. He says, "We are looking forward to our collaboration with
pantaflix.com and are eager to provide global access to Chinese culture in
a way that has not been possible before. With our unique expertise in the
Chinese film and creative industries, 3a Motion Pictures is well-equipped
to serve as a bridge for internationalization of film, cultural and
creative productions in the tremendous awakening of the People's Republic
of China film and creative markets."
Both PANTAFLIX and 3a Motion Pictures Limited believe that this partnership
is only the beginning of their working relations, with discussions already
underway about future cooperation and business ventures - in the People's
Republic of China and beyond.
About PANTALEON Entertainment AG
PANTALEON Entertainment AG is a media company with a strong focus on
cinema. The core activity of PANTALEON Entertainment AG and its
subsidiaries is the development and production of feature films as well as
the exploitation of the rights arising therefrom, which are usually
marketed by worldwide leading film distributors on a national and
international basis along many steps of a chain of rights designed to best
exploit them. The basis of the PANTALEON Group was formed in 2009 with the
founding of PANTALEON Entertainment GmbH in Berlin. Today, 2016, PANTALEON
belongs to the leading German companies in the production of feature films
and innovative entertainment formats. The company is headquartered in
Kronberg im Taunus. Feature films are developed at its offices in Berlin,
Munich and Frankfurt am Main, the consistent quality of which makes them
amongst some of the most successful national productions in recent years.
In Summer 2016, PANTALEON started the global roll-out of its innovative,
cloud-based video-on-demand (VoD) platform, Pantaflix. For more
information: group.pantaleonentertainment.com.
About 3a Motion Pictures Limited:
3a Motion Pictures Limited is a Hong Kong based film company established
and run by respected and well-connected professionals across entertainment,
creative and cultural sectors. It is uniquely positioned to create quality
productions and facilitate cross-border cooperation between the Chinese and
foreign film markets. The company is involved in the development of local
productions and international co-productions ranging from indie dramas to
documentaries. Strong Hong Kong and People's Republic of China partners
provide access to impressive collective libraries containing TV programs,
short films, feature films and documentaries.
Contact
PANTALEON Entertainment AG
Katharinenstraße 4
D-61476 Kronberg im Taunus
Tel.:+49 6173 3945095
Fax: +49 6173 3945097
E-Mail: [email protected]
Investor Relations Contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Freihamer Strasse 2
D-82166 Gräfelfing/Munich
Tel.:+49 89 89827227
E-Mail: [email protected]
Disclaimer
This publication is neither an offer of sale of, nor an invitation to buy,
shares. In the event of a private placement only selected investors will be
approached, in particular no US individuals within the meaning of the US
Securities Act of 1933. This release can contain forward-looking statements
and information, which are recognizable through such formulations as
'expect', 'want', 'anticipate', 'intend', 'plan', 'believe', 'strive for',
'estimate', 'will' or other similar terms. Such forward-looking statements
rest on our present expectations and particular assumptions, which can
embody a series of risks and uncertainties. Results actually achieved by
PANTALEON Entertainment AG can vary greatly from statements made regarding
future activities. PANTALEON Entertainment AG accepts no obligation to
update these statements regarding future activities or to correct them in
the event of their developing in a manner other than expected.
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15.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: PANTALEON Entertainment AG
Katharinenstr. 4
61476 Kronberg
Germany
Phone: 06173 - 394 50 95
Fax: 06173 - 394 50 97
E-mail: [email protected]
Internet: www.pantaleonentertainment.com
ISIN: DE000A12UPJ7
WKN: A12UPJ
Listed: Regulated Unofficial Market in Berlin, Stuttgart,
Tradegate Exchange; Open Market (Entry Standard) in
Frankfurt
End of News DGAP News Service
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