New Screen TV(TM) Signs Long Term VOD Contract with Auroras TV; To Generate Additional $2.4 Million Monthly
OCALA, Fla., Apr 26, 2006 (BUSINESS WIRE) -- Vision Works Media Group, Inc. (Pink Sheets:VWKM) and wholly owned subsidiary New Screen TV, Inc., the new independent film-dedicated TV channel, have announced a signed agreement with Auroras TV for distribution of the New Screen Films on Demand Channel in all Auroras TV markets.
Mark Astrom, New Screen TV's President said, "We anticipate that this VOD contract can provide $800,000 in monthly revenue to Vision Works Media Group in addition to the $1.6 million from existing VOD contracts, based on existing industry trends in the cable, satellite, and fiber-to-the-home markets."
New Screen TV's, New Screen Films on Demand now has Video On Demand (VOD) distribution contracts with Auroras TV, Eagle Broadband, and Optical Entertainment Network. New Screen TV's affiliates are in or will be in the following markets in the coming months and this summer: California, Texas, Florida, Montana, Iowa, Minnesota and Arizona.
New Screen TV is now available to any and all satellite, cable and fiber-to-the-home system operators in the U.S. New affiliates will join Optical Entertainment Network, Auroras TV, and Eagle Broadband as a part of New Screen TV's growing roster of affiliates. Distribution of New Screen TV is via the SES-Americom AMC-10 satellite.
New Screen TV is the first truly independent film channel that programs independent movies, documentaries, specials, series, concerts, music videos and productions.
Links: newscreen.tv, auroras.tv
Company reiterates to its shareholders: "Company policy is no reverse stock splits." |
