Doing deals. (Wall Street West).Looking to bolster its overseas presence, Image Entertainment Inc., a 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. licensing company, recently signed two international deals to consolidate its broadcast and DVD distribution partners. On Jan. 8th, Chatsworth-based Image signed a five-year home video distribution deal with Bertelsmann Music Information Services See Information Systems. , a unit of Bertelsmann AG Bertelsmann AG German media company. Beginning as a religious printer and publisher in 1835, the company grew steadily over the next century. Though virtually destroyed by Allied bombing in 1945, it recovered quickly after World War II. . The deal gives Bertelsmann the right to distribute Image's licensed DVD programming throughout Europe, the Middle East and Africa Europe, the Middle East and Africa, usually abbreviated to EMEA, is a regional designation used for government, marketing and business purposes. It is particularly common amongst North American based companies, who often divide their international operations into the . Bertelsmann will advance Image $3 million, recoupable against fixture royalties owed to Image. Currently, Image uses a network of independent distributors and studios, including Bertelsmann, to distribute its DVD content internationally. Most of those rights expire in March, Image said, at which point Bertelsmann will take over. "It's great to have one company that's able to handle all of our (international DVD) distribution as opposed to fragmenting," said Garrett Lee, vice president of marketing for Image Entertainment. Lee said Bertelsmann will receive the rights to distribute about 100 Image titles, most of them music productions, including "Brian Setzer Orchestra Live in Japan," "Barry Manilow  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. Live" and "Christina Aguilera: My Reflection." Bertelsmann will receive about 30 more titles over the next few months, Lee said. Separately, the day after the Bertelsmann deal, Image announced it had signed a five-year broadcast deal with London-based NBD Television Ltd. NBD NBD Next Business Day NBD National Bank of Dubai (United Arab Emirates) NBD No Big Deal NBD Network Block Device (Linux) NBD Nucleotide Binding Domain NBD New Business Development will receive the rights to distribute about 60 Image tides, mostly the same tides in the Bertelsmann deal, in addition to future releases. Image Entertainment reported a net loss of $513,000 for the third quarter ended Sept. 30, compared with a loss of $856,000 in the like year-earlier quarter. Third quarter revenues were $26.3 million, vs. $20.9 million. |
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