BEVERLY HILLS, Calif., Nov. 30, 2005 (PRIMEZONE) -- Pop3 Media Corp. (OTCBB:POPT) today announced that it has received a film licensing deal memo from Showtime Networks Inc.
"We firmly believe that we can provide high quality content to the cable, PTV, VOD and DVD markets, and that this deal with Showtime should be just one of many other deals Pop3 should obtain from a wide range of high end media companies in the coming weeks and months," said Pop3's President Ari Bass. "Pop3 intends to make itself one of the premier developers and producers of specialty films, made for cable or other mass market distribution methods, rather than attempting theatrical releases."
Pop3's strategy is to produce high quality films for specialty markets like Pay-TV(PTV), Video-On-Demand (VOD) and DVD. Pop3 intends to finance its productions with limited partnerships on a feature by feature basis, in an attempt to ensure that eventually, all of its own overhead is paid for by the partnerships and that there are no out of pocket expenses per film. The first of the partnerships is undergoing final legal review.
Bass further stated, "We believe that the rise in home theatre ownership and dropping in-theater sales coupled with the massive cost reductions made possible by not having to pay the enormous marketing costs associated with in-theater distribution, that we should be able to make high quality, highly targeted content at a profit."
About Pop3 Media Corp.
Pop3 Media Corp. is engaged in development, production and distribution of entertainment related media for film, television, music and publishing interests. The company's portfolio currently includes ownership of ViaStar Distribution Group, ViaStar Records, Quadra Records, Light of the Spirit Records, ViaStar Classical and ViaStar Artist Management
About Showtime Networks Inc.
Showtime Networks Inc. (SNI), a wholly owned subsidiary of Viacom Inc., owns and operates the premium television networks Showtime(r), The Movie Channel(tm) and Flix(r), as well as the multiplex channels Showtime Too(tm), Showtime Showcase, Showtime Extreme(r), Showtime Beyond(r), Showtime Next(r), Showtime Women(r), Showtime Familyzone(r) and TMC Xtra. SNI also offers Showtime HD(r), The Movie Channel HD(tm), Showtime On Demand(tm) and The Movie Channel On Demand(tm). SNI also is an owner of the premium television network Sundance Channel(r), which is a venture between NBC Universal, Robert Redford and Showtime Networks Inc.
Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward-looking statements.
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