Califa Entertainment Group Concludes Acquisition of Spice Hot Network.LOS ANGELES--(BUSINESS WIRE)--March 18, 1999--Califa Entertainment Group Inc. ("Califa"), announced that it has concluded the acquisition of the Spice Hot network from Spice Entertainment Companies Inc. ("Spice") in a deal valued at $25 million. Califa is a corporation owned by Steven Hirsch and David James David James may refer to:
DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. worldwide. Spice Hot is currently available in more than 7 million homes in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The change in ownership will be seamless to distributors as the network will continue to originate from its current facility and will be carried on its existing transponder A receiver/transmitter on a communications satellite. It receives a microwave signal from earth (uplink), amplifies it and retransmits it back to earth at a different frequency (downlink). A satellite has several transponders. . Bill Asher, president of Califa stated: "We believe that Spice has created a network which has shown tremendous appeal with consumers. We look forward to working with satellite and cable distributors to continue to provide the highest level of adult content available." |
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