Beachport'S On Ice, Inc. retained to produce and manage Ice Capades.LOS ANGELES--(BUSINESS WIRE)--February 8, 1996--Beachport Entertainment Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on BB: BPRT) announced today that its wholly-owned subsidiary, On Ice, Inc., has entered into an agreement with Ice Capades, Inc., a DelWilber + Associates (DWA DWA DreamWorks Animation (stock symbol) DWA Domino Web Access DWA Desert Water Agency (US) DWA Data Warehouse Administrator DWA Designated Waiting Area DWA Dynamic Wavelength Allocation ) company, whereby On Ice will produce, organize and manage Ice Capades. DWA is affiliated with International Family Entertainment (NYSE NYSE See: New York Stock Exchange : FAM FAM 5-FU, adriamycin/doxorubicin, mitomycin C Oncology A chemotherapeutic regimen used with varying degrees of failure for advanced gastric CA. See Stomach cancer. ). Under the terms of the agreement, Barry Mendelson, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Beachport Entertainment will serve as executive producer of Ice Capades shows and will be responsible for expanding Ice Capades productions into television, home video and merchandising opportunities. Beachport also reported that On Ice is in preliminary discussions with Ice Capades regarding a possible merger. Ice Capades is a 56 year old American tradition with a legacy of attracting millions to its ice skating shows. On Ice's responsibilities will begin immediately with Ice Capades' existing Cinderella presented by Tyson Foods ice show arena tour, which is in its third season. On Ice will also handle the adaptation of Cinderella into a theatrical tour beginning in the Fall of 1996. Ice Capades also plans to introduce two new arena shows which will tour worldwide beginning September 1996. The North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. touring shows will also be sponsored by Tyson Foods. Beachport President, Barry Mendelson, noted, "Ice Capades is a tremendous international franchise with a high level of brand awareness. The agreement allows Ice Capades and On Ice to jointly become one of the major distributors of wholesome family entertainment worldwide. Our affiliation with Ice Capades is consistent with our long-term goal of expanding our production of quality family entertainment. We are excited at the prospects of building upon their glorious tradition of live entertainment excellence. Ice Capades is renown for their highly produced, splashy splash·y adj. splash·i·er, splash·i·est 1. Making or likely to make splashes. 2. Covered with splashes of color. 3. Showy; ostentatious. See Synonyms at showy. variety shows with broad appeal, and we will ensure that our audiences continue to get the highest quality skating and entertainment." DWA is affiliated with International Family Entertainment, which owns and operates an array of entertainment assets, including The Family Channel and three other cable television networks, MTM MTM Medication Therapy Management MTM Minutes to Midnight (Linkin Park album) MTM Mary Tyler Moore (actress) MTM Made to Measure MTM Motoren-Technik-Mayer MTM Methods Time Measurement Entertainment, and other live family entertainment assets. Ice Capades, the 56 year old ice entertainment institution has been at the forefront of touring ice skating entertainment beginning with Sonja Henie through Peggy Fleming and Dorothy Hamill and, more recently, Scott Hamilton and Torvill and Dean Torvill and Dean (Jayne Torvill and Christopher Dean) are British ice dancers and British, European, Olympic and World champions. At the 1984 Winter Olympics the pair became the highest scoring figure skaters of all time (for a single programme) receiving 12 perfect 6. . Beachport Entertainment is engaged in the development and production of live family entertainment distributed in domestic and international ancillary markets, including home video, cable and broadcast television. Beachport's On Ice is a leading producer of family oriented ice skating entertainment for live theater and arena audiences, network television and home video in both the United States and abroad. Its Nutcracker On Ice, an NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. television special featuring Olympic figure skating Gold Medalists Peggy Fleming, Oksana Baiul and Viktor Petrenko, 1995 U.S. champions Nicole Bobek and Todd Eldredge, and two-time Olympic silver medalist Brian Orser, has completed a 20-city U.S. arena tour and a nine-city European tour. On Ice show sponsors include Chrysler, Visa, Kodak, Hershey, Korbel, Tambrands, Marriot, Xerox, State Farm, York, Neutrogena, Bally's Total Fitness, Bausch and Lomb, U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. , Celestial Seasonings and many others. On Ice recently entered into a joint venture agreement with Capital Cities/ABC Video to create five Fairy Tales on Ice, a made-for-video series which will feature Nancy Kerrigan with on-ice adaptations of classic fairy tales. Beachport also recently secured the worldwide rights to produce a live musical touring stage show based on the hit Lancit Media/KCET preschool television series The Puzzle Place. Beachport Entertainment Digital Group is a full-service interactive entertainment software developer that designs computer software for films and all popular game platforms, and designs sites for the world wide web and the Microsoft Network. CONTACT: Barry Mendelson Beachport Entertainment Corporation 310/278-5114 or Joseph N. Jaffoni, David C. Collins Jaffoni & Collins Incorporated 212/505-3015 |
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