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Beachport's on ice signs agreements with NBC and CBS/Fox Video.

LOS ANGELES--(BUSINESS WIRE)--Oct. 17, 1995--Beachport Entertainment Corporation (NASDAQ BB: BPRT) announced today that its On Ice, Inc. subsidiary has signed a three-way output agreement with CBS/Fox Video, a division of The CBS/Fox Company and NBC Sports, a division of National Broadcasting Company, Inc. Under the terms of the agreement, CBS/Fox has secured ten-year distribution rights to home video versions of On Ice's production of Nutcracker on Ice, and NBC has secured broadcast rights to air the production in early 1996. In the arrangement with CBS/Fox, On Ice will receive an advance against royalties and have a participation beyond the recoupment of the guarantee. Other financial terms were not disclosed.

Moreover, CBS/Fox's home video release of On Ice's Production of Nutcracker on Ice staring Olympic Champions Oksana Baiul and Viktor Petrenko will go on sale beginning October 17. The NBC television network will air Nutcracker on Ice on January 1, 1996 from 4:00 - 6:00 p.m. EST immediately following the Gator Bowl telecast.

On Ice President, Barry Mendelson, commented, "CBS/Fox and NBC are excellent partners for On Ice, as they provide strong distribution in their respective markets. We believe the network broadcast airing will create additional interest in, and awareness of, our classic family entertainment franchises and is expected to expand the demand for the home video."

On Ice is currently producing three Nutcracker on Ice touring shows based on an adaptation of Tchaikovsky's classic ballet; one for theater performances, one for domestic arena performances and one for European exhibition. The theater production is scheduled for a nine city tour including a four week run at Harrah's Casino in Atlantic City. The domestic arena tour will encompass 22 cities. The European tour will run in eleven cities in Switzerland, France and the United Kingdom. The stars of these shows will include Olympian Champions Oksana Baiul, Viktor Petrenko, Peggy Fleming and current U.S. champions Nicole Bobek and Todd Eldredge.

Based in Los Angeles, Beachport Entertainment is engaged in the development and production of diversified live family entertainment programming which is distributed in domestic and international ancillary markets, including home video, cable and broadcast television. The Company's On Ice, Inc. subsidiary is the producer of ice shows for theaters, arenas and television in both the United States and internationally. The Company's Beachport Entertainment Digital Group is a full-service interactive entertainment software developer that designs video games for all popular game platforms. Beachport also designs sites for the world wide web and the Microsoft Network.

CONTACT: Todd Israel

Beachport Entertainment Corporation

310/278-5114

or

Joseph N. Jaffoni

David C. Collins

Jaffoni & Collins Incorporated

212/505-3015
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Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 17, 1995
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