Beachport's on ice signs agreements with NBC and CBS/Fox Video.
LOS ANGELES--(BUSINESS WIRE)--Oct. 17, 1995--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 On Ice, Inc. subsidiary has signed a three-way output agreement with CBS/Fox Video CBS/Fox Video was a home video company formed and established in 1982. The company was a merger between 20th Century Fox Video, formerly Magnetic Video Corporation, and CBS Video Enterprises. , a division of The CBS/Fox Company and NBC Sports NBC Sports is a division of NBC, responsible for the televising of many sports events on the network. The NBC Sports broadcast lineup includes: The Olympic Games (through 2012), the NFL, the NHL, Notre Dame Football, the PGA Tour, the USGA Championships, Wimbledon, the French , a division of National Broadcasting Company Noun 1. broadcasting company - a company that manages tv or radio stations
company - an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage" , 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 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. 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 In the field of intellectual property licensing, an advance against royalties is a payment made by the licensee to the licensor at the start of the period of licensing (usually immediately upon contract, or on delivery of the property being licensed) which is to be offset against 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 Oksana Baiul (Ukrainian: Оксана Баюл) (born November 16, 1977) is a Ukrainian professional figure skater. She is the 1994 Olympic Champion. 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 These are lists of cities in Switzerland. Municipalities with more than 10,000 inhabitants are considered to be "cities" (in German: Städte, in French: villes, in Italian: città). See Municipalities of Switzerland for a table of the largest and smallest. , 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
Joseph N. Jaffoni
David C. Collins
Jaffoni & Collins Incorporated