Devine Entertainment Announces Major Distribution Agreement with Film Ideas Inc.New Pact Makes Devine's Core Library Titles Widely Available to US Educational Marketplace Via Instructional Broadcast and Closed Circuit TV TORONTO -- Devine Entertainment Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DVNNF), seeking to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the burgeoning global demand for high quality film and television content, has entered into a key distribution agreement with Film Ideas Inc., a major US distributor of educational film and television programming, to deliver Devine's core content library to the American educational marketplace through public instructional television Instructional television (ITV) is a type of television program that is designed for use in schools. Programs on instructional television may be less than one half hour long (generally 15 minutes in length) to help their integration into the classroom setting. stations and a variety of other non-theatrical avenues. Under the agreement, Chicago-based Film Ideas Inc., will exclusively distribute Devine's award-winning content library through PBS PBS in full Public Broadcasting Service Private, nonprofit U.S. corporation of public television stations. PBS provides its member stations, which are supported by public funds and private contributions rather than by commercials, with educational, cultural, and other instructional television stations. These stations greatly enable the broadening of Devine's programming reach, as they include closed circuit television broadcast directly into US elementary and middle school classrooms, as well as local cable stations. The effect of this arrangement is similar to syndication in the non-educational TV business. The grassroots nature of this type of broadcast exposure will greatly assist Devine in its ongoing sales via DVD DVD: see digital versatile disc. 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. and other media. The new agreement represents a significant achievement in Devine's strategic plan to capitalize on its core library of proprietary films and other programs, which includes such recent additions as "Marsalis on Music," a four-DVD boxed set in which jazz great Wynton Marsalis Wynton Learson Marsalis (b. October 18, 1961) is an American trumpeter and composer. He is among the most prominent jazz musicians of the modern era and is also a well-known instrumentalist in classical music. He is also the Musical Director of Jazz at Lincoln Center. explains the fundamentals of music to middle school audiences. "We are excited about our partnership with Devine Entertainment to bring their tremendous productions to the instructional television and educational media center markets," said Bob Norris, Managing Director of Film Ideas. "The curriculum content, melded with an appealing story line and faultless fault·less adj. Being without fault. See Synonyms at perfect. fault  less·ly adv. production values Production values is a media term for "production cost." It refers to the professional look, or "polish," of a production. Factors that affect perceived production value may include video and audio quality, lighting, number of errors, and amount and quality of special effects. afforded by
multimillion-dollar production budgets rarely seen in the education
market, has resulted in programs that are guaranteed to be well received
in our markets."
Film Ideas will also have non-exclusive rights to many physical distribution channels like satellite, distance learning systems, public and private schools, colleges, universities, Circulating Media Centers, agencies that serve school-age children, day care centers, public libraries, summer camps, penal institutions Noun 1. penal institution - an institution where persons are confined for punishment and to protect the public penal facility brig - a penal institution (especially on board a ship) , the transportation industry, health related agencies, business and industry, museums, and film societies. "Film Ideas have other compelling areas of expertise in addition to their abilities in Instructional TV," notes Devine Marketing VP Glenn Sernyk. "They will be a strong addition to our non-exclusive distributor network." "We're excited to close this potentially valuable agreement with Film Ideas," said David Devine, President and Chief Executive Officer of Devine Entertainment. "We anticipate that their efforts and expertise drawn from 29 years in the educational and non-traditional markets will enable Devine to see substantial new revenues from our library of film and television titles. As all of our titles have already returned their initial investments, this is a very bottom-line friendly arrangement." About Film Ideas Inc. Film Ideas Inc. has produced and distributed award-winning videos, DVDs and Chaptered MPEGs for a variety of public and private markets since 1979. About Devine Entertainment Devine Entertainment Corporation develops, creates, and produces award-winning television programming and feature films for worldwide distribution across multiple TV broadcast networks, cable and satellite networks, DVD and Internet markets. Specializing in cultural and educational programming as well as prime-time drama and comedy entertainment programming, the Company's titles have garnered more than 120 international film and television industry awards, including five Emmy and five Gemini Awards The Gemini Awards are an annual awards ceremony in Canada. First awarded in 1986, the Geminis celebrate the achievements of TV members of the Academy of Canadian Cinema and Television. Essentially, it presents awards for the best television productions in Canada. . The Company partners with leading international distributors, broadcasters and co-producers, such as Sony BMG Sony BMG Music Entertainment, Inc. is the result of a 50/50 joint venture between Sony Music Entertainment (part of Sony) and BMG Entertainment (part of Bertelsmann) completed on August 5, 2004. , Rogers Media Rogers Media Inc is a subsidiary of Rogers Communications Inc., which owns Canada's largest publishing company, Rogers Publishing Limited, which has more than 70 consumer and business publications. Rogers Media Inc. and The Carrere Group of France, to produce and distribute its award-winning film and television titles. Among Devine's critically acclaimed productions are its cultural and educational film series on history's landmark Composers, Inventors and Artists, which have been broadcast in more than 50 countries. The Company continues to expand its proprietary library of high-quality film and television content. Among its general-audience primetime programming is the acclaimed one-hour mystery series, "Across the River to Motor City  This article or section contains information about a scheduled .It may contain non-definitive information based on commercials, a website or interviews. ," delivered to broadcasters worldwide in 2007. Headquartered in Toronto, the Company's common shares trade on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTCBB market in the U.S. under the symbol DVNNF, and on the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. under the ticker 3TD. The Company's corporate website is www.devine-ent.com. Investor-specific information and resources: http://www.trilogy-capital.com/tcp/devine. View current stock quotes and news: http://www.trilogy-capital.com/tcp/devine/quote.html. Investor Fact Sheet: http://www.trilogy-capital.com/tcp/devine/factsheet.html. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release may contain forward-looking statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future performance of Devine Entertainment Corporation. Forward-looking statements, specifically those concerning future performance and the achievement of operating profitability are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include the market acceptance of the Company's products and services; competition within the film and entertainment industry and the introduction of new entrants and/or products in the Company's markets; adverse changes in governmental regulations and policies affecting the film and entertainment industry; product development risks and risks of technological change; the risk of unanticipated expenses; and other risks and uncertainties all as described in the disclosure documents filed with securities regulatory authorities in accordance with applicable securities laws. Readers are cautioned that the foregoing list of factors is not exhaustive. Although the Company believes that the expectations conveyed by the forward-looking statements are reasonable based on information available to it on the date such forward-looking statements are made, no assurances can be given as to future results, levels of activity and achievements. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion