Private Media Group receives first 2 million euro payment from erotic media deals signed in may this year
15 June, 2006 - Barcelona, Spain / PR Newswire -- Private Media Group Inc. (Nasdaq NM: PRVT - News), a worldwide leader in premium-quality adult entertainment products, services and mobile and Internet content, reports the receipt of the first two million Euro payment from erotic media ag in accordance with one of the two agreements signed in May this year.
Under the terms of the agreements, erotic media will pay Private Media Group a minimum of €6 million. The combined value of the two agreements represents the largest content distribution deal for each company, which has solidified the Pay TV and VOD market for adult movies in the German-speaking territories in Europe.
"We are 100% satisfied with our decision to choose Private Media Group as our chief source of adult entertainment movies for our growing Pay TV and VOD markets," states Bernhard Mueller, Member of the Board of erotic media ag. "In fact, we have never received content from a provider as quickly and as customised to our needs as we have from Private. I look forward to finding further ways to collaborate with this highly professional organisation."
To propagate the significance of this agreement, both companies celebrated a joint press conference on May 18th in Berlin – together with erotic media’s sister company Beate Uhse –to share the details of this long-term agreement.
Speaking at the conference was Beate Uhse Chairman Otto Christian Lindemann, erotic media General Manager Martin Gastinger and Andreas Fischer, and Public & Investor Relations Manager Angela Carson from Private Media Group. The press conference was attended by top journalists from B.Z , Super Illu, Baganz, DU&ICH, Digital Fernsehen as well as television film crews from BUTV. To promote the agreements, top German adult entertainment film actresses KimKim De, Tyra Misoux, Mia Maria, Jana Bach, and Janin Latin, in addition to Priva, Private’s contract PrivateGirl™ star, were on-hand for photographs.
Private Media Group, Inc. CEO, President and Chairman Berth Milton concluded: "erotic media is blazing a trail through German-speaking Europe and we are pleased to be involved and extend our movie library to their Pay TV and VOD audience with complete confidence. As exclusive providers of adult entertainment movies within the majority of their territory, erotic media is our perfect and preferred partner for penetrating this area’s new media markets—like VOD."
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About erotic media ag
erotic media ag is a Swiss company specializing in marketing erotic movies both through its own TV channels and third party channels. The company is the market leader in Germany and operates the three German XXX 24hr Satellite and Cable Pay-Per-View-channels "Blue Movie" in the country. The channels are transmitted in both Germany and Austria and they are branded "Blue Movie", "Blue Movie Extra" and "Blue Movie Gay." The company also delivers content to On Demand Services throughout Europe. In addition erotic media is a major shareholder in Beate Uhse TV and the company is listed on the Frankfurt Stock Exchange.
About Private Media Group.
With its 40 year track record, Private Media Group is a world leading adult lifestyle company which distributes a wide range of erotic and semi-erotic multimedia content over several platforms, including wireless and broadcasting technologies, narrow and broadband Internet, DVD and Magazines. Private Media Group also licenses its Private and silvergirls trademarks internationally for a range of luxury consumer products and owns the worldwide rights to the largest archive of high quality adult content in the world, which it distributes all over Europe, North America, Latin America, South Africa, New Zeeland and Australia.
Disclaimer
This release contains, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company`s current judgments of those issues. However, because these statements are forward-looking and apply to future events, they are subject to unpredictable circumstances, which could lead to results materially different from those anticipated by the Company.
For further information please contact:
Angela Carson
Public and Investor Relations
Private Media Group
Tel +34 93 590 70 70
press@private.com
www.prvt.com
Philipp Rotermund
Public and Investor Relations
erotic media ag
Tel +41 41 766 2530
info@eroticmedia.ch
www.eroticmedia.ch
SOURCE: Private Media Group, Inc.
