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WIN at five celebrates in Cannes.

Last month in Cannes, during the 30th Annual MIP-TV, WIN celebrated its fifth anniversary with a bash in Mougins at the home of Andre Sumain, owner of Le Relais a Mougins. Some 38 executives from 12 countries attended the dinner celebration, hosted by WIN's CEO Larry Gershman and WIN president Anita Gershman.

All participants at the WIN celebration are pictured below and on the next page.

As pointed out during the celebration, in its five years of existence "WIN has triggered production of 57 programs at a production cost of nearly $236 million, with only a $6 million revolving credit facility which has recently been doubled." In the process, WIN has accumulated 25 years of distribution rights in a library of high-quality films.

The concept behind WIN is to link producers with its current 17 world broadcasters and eight video companies via a first-right-of-refusal network. All WIN projects are pre-sold through this membership network. The membership structure with TV broadcasters and video entities allows WIN to deliver revenues from a video window, prior to exploitation by its TV broadcaster members.

WIN compensates producers with an initial guarantee and a share of the profits. Additionally, since each member is a potential co-production partner, producers have access to additional financing opportunities. WIN's structure is comprised of 13 executives in its Beverly Hills, CA-base and offices in London, Paris and New York.
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Publication:Video Age International
Article Type:Company Profile
Date:May 1, 1993
Words:229
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