MGM Channel to Launch in Indonesia
-- WITH LOGO -- TO TELEVISION, ENTERTAINMENT AND BUSINESS EDITORS:
Carriage on Country's Largest MSO Marks Further Advances for MGM Networks
LOS ANGELES, Dec. 17 /PRNewswire-FirstCall/ -- MGM Networks, a unit of Metro-Goldwyn-Mayer Inc. (NYSE: MGM), has signed a distribution agreement covering an MGM-branded, movie-driven network in Indonesia. The MGM Channel launched last month and is broadcast 24 hours a day, 7 days a week, featuring original-language films from the celebrated MGM library.
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Under the agreement, the MGM Channel is delivered to subscribers via the basic tier of Indonesia's leading Pay-TV operator, Kabelvision (PT Broadband Multimedia Tbk).
"We are thrilled to partner with Kabelvision, one of Southeast Asia's leading Pay-TV platforms, so soon after the debut of our channel in the region on Oct. 29," said Bruce Tuchman, MGM Networks executive vice president. "We are also very excited about our strategic alliance with CNBC Asia Pacific. The deal with Kabelvision further demonstrates the passion that cable and satellite operators have around the world for the MGM brand and library, and their desire to carry our high-quality channel offerings."
The Kabelvision deal follows several other recent agreements by MGM Networks in Asia, including a strategic alliance with CNBC Asia Pacific to produce and distribute the MGM Channel in the Greater China market and Southeast Asia, and the launch of the channel on PCCW's Now Broadband TV platform in Hong Kong. Separately, MGM launched its second MGM-branded channel in South Korea earlier this year. In October, the MGM Channel also launched on systems in Switzerland, Liechtenstein and Iceland, which brings to a dozen the European countries where it can be seen.
"This business model that we have established with MGM provided us with the opportunity to rapidly penetrate these new markets with economies of scale," said Alexander Brown, president and CEO of CNBC Asia Pacific. "Our newly signed agreement with Kabelvision once again demonstrates the strength of our business partnership. The MGM movie library is arguably the world's finest and with this agreement, viewers in Indonesia will now be able to enjoy many of these films on the MGM Channel."
Kabelvision CEO Marshall Cooper said, "We are thrilled to add the MGM channel to our basic channel line up. The MGM channel's legendary brand and its access to the world largest film library make this a must-have basic channel for us."
The Kabelvision agreement is the latest step in MGM Networks' global expansion, which over the last two years has increased its channel interests fourfold to more than 100 countries on six continents.
About Metro-Goldwyn-Mayer Inc.
Metro-Goldwyn-Mayer Inc. (NYSE: MGM), through its Metro-Goldwyn-Mayer Studios Inc. subsidiary, is actively engaged in the worldwide production and distribution of entertainment product, including motion pictures, television programming, home video, interactive media, music, and licensed merchandise. The Company owns the world's largest modern film library, comprised of more than 4,000 titles. Its operating units include MGM Pictures, United Artists, MGM Television Entertainment, MGM Networks, MGM Distribution Co., MGM Worldwide Television Distribution, MGM Home Entertainment, MGM On Stage, MGM Consumer Products, MGM Music, MGM Interactive and MGM Online. In addition, MGM has ownership interest in international television channels reaching more than 100 countries around the globe. For more information, go to http://www.mgm.com .
About CNBC Asia Pacific
CNBC is the undisputed world leader in business news and information, providing viewers the world over with insights, analysis and real-time access to market data and indispensable business information.
Headquartered in Singapore, CNBC Asia Pacific is a business and financial news service organization of Dow Jones & Company and NBC. Dow Jones, the publisher of The Wall Street Journal and its international and online editions, is a provider of vital world business and financial information; NBC, a leading television network in the United States, is a division of General Electric Company, one of the most successful companies in the world.
CNBC Asia Pacific's channels -- CNBC Asia, CNBC Australia, CNBC India, Nikkei-CNBC (Japan), MBN-CNBC (Korea), CNBC Singapore and CNBC Hong Kong -- are available in more than 256 million homes across the Asia Pacific region. The channels are distributed via satellite, cable and terrestrial broadcast networks. The website address is www.cnbcasia.com .
Pt. Broadband Multimedia d/b/a Kabelvision is the premiere broadband cable operator in Indonesia. It serves the two largest cities of Jakarta and Surabaya, and the resort island of Bali. Kabelvision is a publicly traded company with the Across Asia Multimedia Group on the Hong Kong GEM exchange.
For further information, please contact: United States, David Bloom of Metro-Goldwyn-Mayer Inc., , ; or Asia, Cheryl Wang of CNBC Asia Pacific, , , for Metro-Goldwyn-Mayer Inc.
SOURCE Metro-Goldwyn-Mayer Inc.