Celebrity Showcase Network set for launch as HSN Direct acquires major stake.NEW YORK--(BUSINESS WIRE)--June 10, 1996--Celebrity Showcase Network Inc. (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:BNND) formerly BNN BNN Boston Neighborhood Network BNN Boundary Network Node (IBM) BNN Back-Propagation Neural Network BNN Biological Neural Network BNN Bart's Neverending Network (public-service TV network in The Netherlands) Corp., announced Monday that Home Shopping Direct (HSN HSN Home Shopping Network HSN High Speed Network HSN Hereditary Sensory Neuropathy HSN Highly Saturated Nitrile HSN Healthy Schools Network, Inc. HSN Hopping Sequence Number HSN Historical Sample of the Netherlands HSN Haiti Support Network Direct) has agreed to take a substantial stake in Celebrity Showcase Network Inc. (CSN CSN Crosby, Stills, and Nash (band) CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program) CSN Confédération des Syndicats Nationaux (French) ). Leading global infomercial producer-distributor HSN Direct has joined forces with New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of based Kaleidoscope Media Group (NASDAQ:BNND) to launch KMG's Celebrity Showcase Network, it was announced Monday by Henry Siegel, chairman and co-CEO of Kaleidoscope Media Group and Kevin Harrington president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of HSN Direct. A pioneering force in worldwide electronic home shopping, HSN Direct has acquired a major stake in CSN, and brings to the new venture the vast marketing resources of the Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation). The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States. in the areas of product, sourcing, processing and fulfillment, production and telecommunications. "Partnering with HSN Direct gives Celebrity Showcase Network the experience and resources of the recognized leader in global electronic home shopping. Combining HSN Direct's unequaled transactional expertise with CSN's experience in celebrity-based programming, Celebrity Showcase Network is perfectly positioned to emerge as breakthrough force in direct response entertainment," said Siegel. Representing a major new level in global transactional entertainment, Celebrity Showcase Network combines original infomercial productions for broadcast and cable television with an exciting first run daily hour shopping program for national syndication. CSN infomercials will offer a broad range of proprietary adult and children product lines sourced by HSN Direct. Produced jointly by the entertainment unit of Kaleidoscope Media Group and HSN Direct expressly for CSN, infomercial projects include beauty items, sports products, fitness lines and memorabilia merchandise. Hosted by popular stars from motion pictures and television, CSN infomercials will air on broadcast and cable affiliates worldwide. In addition to CSN infomercials, the partnership will also co-produce Celebrity Showcase Live, a daily one hour transactional/entertainment program to be syndicated by KMG's production/domestic distribution arm for Fall 1997. Said Harrington: "We are delighted to join with Henry Siegel and KMG KMG Kerr-McGee KMG Koi Mil Gaya (Hindi movie) KMG Kunming, China - Kunming (Airport Code) KMG Kent Messenger Group (UK) in the development and mounting of Celebrity Showcase Network. Combining the entertainment and glamour of top Hollywood celebrities with high quality, consumer demand products will make this endeavor successful for all participants and exciting for consumers." Celebrity Showcase Network is a unit of publicly traded Kaleidoscope Media Group, whose principles are Henry Siegel, Paul Siegel and Ray Volpe. In addition to Celebrity Showcase Network, KMG operates two other units, People & Properties, a sports company involved in staging events and producing sports based programming and Seagull seagull a noisy, gregarious bird that frequents the seashore. Web-footed, hook-billed, white with gray wings. Member of the family Laridae and of the genus Larus. Entertainment, a production and distribution company responsible for the upcoming first run action series Tarzan: The Epic Adventures. Alice/Seagull Entertainment is the international television distribution arm of SeaGull Entertainment. HSN Direct ranks as the recognized leader in global electronic home shopping. With the vast international cable programming resources of TCI (Trustworthy Computing Initiative) An umbrella term from Microsoft for its efforts to improve security in Windows. TCI was announced in 2002 after viruses such as Code Red and Nimda had succeeded in attacking numerous Windows computers. International and FlexTech P.L.C., HSN Direct products and programs are seen in more than 50 countries throughout Europe, Asia, Latin America, and the Middle East, reaching over 200 million TV homes each and every day. -0- CSN is a diversified media and entertainment company. CONTACT: Celebrity Showcase Network, New York Henry Siegel, Chairman CSN 212/779-6601 |
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