4th Jan 2007 07:00
Works Media Group (The) PLC04 January 2007 The Works Media Group plc ("The Works" or the "Company") Expansion of UK distribution output for 2007 The Works Media Group plc, the independent film distributor, announces todaythat a further four films, for which the Company owns the UK distributionrights, will be entering into the Company's expanding output pipeline forentertainment rights. The films will be distributed in 2007 as part of theCompany's previously stated target of 12 for the year. As these four films,which include "A Prairie Home Companion", Robert Altman's final film, move fromcinematic release to home entertainment release they will generate a variety oflong-term revenue streams for The Works, such as from DVD, Video on Demand,PayTV etc. An agreement with Universal Pictures UK, a UK market leader in homedistribution, will see the films being distributed by Universal, rather than theCompany, on DVD and over the internet, which should maximise the marketpenetration. The new titles from The Works Media Group also include: "Shortbus", thecritically acclaimed New York comedy, which was released by the Company intocinemas in late 2006; and "Ten Canoes", from director Rolf de Heer, which is theAustralian nomination for this year's Academy Awards. "We are continuing to ramp up our presence as a leading independent distributorin the UK market," said Mick Southworth, Managing Director of The WorksDistribution UK, the Company's UK subsidiary. "I am delighted at the progress inthe development of our ongoing relationship with Universal Pictures UK indelivering leading titles into the home entertainment market." Chris Auty, CEO of The Works Media Group plc, added, "Increasing the number offilms in our output pipeline is key to achieving long-term, sustainable growththrough multiple revenue streams. I am delighted that we have secured the rightsto such high profile films as Robert Altman's "A Prairie Home Companion" and"Shortbus" and believe that we are well positioned to maintain this momentumthrough 2007." For further information, please contact: Works Media Group plc Tel: 020 7612 0030Norman Humphrey, Group Finance Director ICIS Tel: 020 7651 8688Tom Moriarty, Caroline Evans-Jones City Financial Associates Limited Tel: 0207 090 7800James Caithie About "A Prairie Home Companion""A Prairie Home Companion" is being released in cinemas across the UK this week.Starring Meryl Streep, Woody Harrelson, Kevin Kline, Tommy Lee Jones, LindsayLohan, Lily Tomlin and John Reilly, this is the last film to be directed by therenowned American director Robert Altman (MASH, Gosford Park, Shortcuts, ThePlayer) who passed away on November 20th 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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