LAS VEGAS, Dec. 14, 2011 (GLOBE NEWSWIRE) -- Players Network (OTCBB:PNTV.OB), the leading Television and New Media Digital Network dedicated to Las Vegas Entertainment and the gaming lifestyle, today announced that it has entered into an $330,000 agreement with H&J productions. The agreement calls for Players Network to act as the Executive Producer and oversee the production of three half hour Pilots and series of short form webisodes.
Players Network will be developing, marketing, distributing and building an original digital branded network using the company's broadband and social platform. The initial production will include 3 ½ hour shows and 45 short form webisodes. The production will serve two purposes: the long form shows will be geared for a traditional Cable Network and the short form will be used to monetize the new digital branded network through advertising, sponsorship, memberships, digital download payments and merchandise sales.
In addition to being paid to produce the series, Players Network will be entitled to share a percentage of backend licenses fees and on all domestic and international distribution.
Michael Berk, Players Networks Chief Creative Officer, will be the series Executive Producer. The show titles and storyline are still in its early stage and will not be disclosed at this time, but its content focuses around a family operated business in nightlife entertainment industry that primarily takes place as Vegas after dark.
Mark Bradley, Players Networks CEO, states, "We are very pleased to have H&J productions recognize our ability to help them market and expand their business through new media and at the same time generate ongoing revenues through monetizing the content of the series."
Mr. Bradley adds, "As more mobile devices, tablets, game consoles and smart televisions continue to connect to broadband, more industries and individual business will be looking for assistance to use media and distribution to connect to their audiences. With the scalability we built in our platform, I anticipate entering several similar development agreements to H&J to launch many new networks in the coming year creating an enormous amount of shareholder value."
About Players Network:
Players Network is a Television and Digital New Media Company that develops digital Channel Destinations by using its digital broadband platform and through it distribution partners. Players Network current original channels, Players Network, Vegas on Demand, Sexy Sin City TV, which are focused on Las Vegas and Gaming Lifestyles, are the lead channels and are distributed over their own VOD Channels on television in over 29,000,000 homes over Comcast, DirecTV, AT&T, Verizon and Dish Network and its own Broadband Network, Hulu, Blinkx, Google, YouTube and Yahoo Video, for DVD Home Video, mobile platforms, and through worldwide television syndication. Players Network has a 14-year history of providing consumers with quality Gaming and Las Vegas Lifestyle content, as well as strategic partnership services in Las Vegas, Atlantic City, and throughout the worldwide gaming industry. For more information go to www.playersnetwork.com
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Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this Release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to: the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for or install its products, the ability to obtain new customers and the ability to continue to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements.