PRIVATE ANNOUNCES EXPONENTIAL GROWTH THIS QUARTER IN ITS AGGRESSIVE EUROPEAN IPTV/VOD ROLLOUT BY ADDING NINE PLATFORMS IN SIX TERRITORIES
1 October, 2007 - Barcelona
PR Newswire/ -- Private Media Group Inc.(NASDAQ: PRVT) announced today that during the third quarter it has entered into agreements with nine additional European IPTV operators in the Netherlands, Italy, Poland, Denmark, Portugal and Greece. The platform operators mainly include leading telecoms which all offer Triple-Play featuring IPTV based TVOD.
Peter Cohen, COO of Private Media Group commented: “We are extremely pleased to announce this significant development in our third quarter which we expect to generate substantial revenues in 2008. Private is committed to being the global leader in adult digital content distribution and our success expanding into the fast growing IPTV/VOD platform market in Europe confirms our long-term strategy for the Company.”
As of September 2007, the Company had agreements with 23 IPTV/VOD platforms in 11 territories in Europe. The Company is of the firm belief that IPTV in Europe will be the TV delivery platform of choice for the Pay-TV consumer. This is based on a) its superior functionality which provides added value, b) the convergence of telephony, Internet access and digital television into Triple-Play and c) the general perception among media research firms and industry leaders (1).
NOTES TO THE EDITOR:
Footnote
(1) According to Global IPTV Forecasts made by MRG (Multimedia Research Group, Inc.), the number of global IPTV subscribers is estimated to grow from 8.0 million in 2006 to 63.6 million in 2011. Europe continues to be the biggest market for IPTV, with France significantly leading the growth projections through its principal telcos. The number of IPTV subscribers in Europe is forecasted to grow from approximately 4 million in 2006 to 27.5 million in 2011, a compound annual growth rate of 47 percent.
About Private Media Group
With its 40 year track record, NASDAQ listed Private Media Group is a brand-driven world leader in proprietary content delivery in its genre and distributes premium quality content globally via a wide range of platforms including; more than 765 million mobile telephone handsets, broadband Internet, television broadcasting, DVDs and Magazines. Private Media Group owns the worldwide rights to its extensive archive of top-quality content, and also licenses its Private and “Silver Girls” trademarks internationally for a range of luxury consumer products.
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 those statements are forward-looking and apply to future events, they are subject to such risks and uncertainties, which could lead to results materially different than anticipated by the Company.
For further information please contact:
Giles Hirst
Marketing Director
Private Media Group
Tel +34 93 590 70 70
giles.hirst@private.com
SOURCE: Private Media Group
