Distribution of company announcements to the professional platforms, finance portals and syndication of important corporate news to a wide variety of news aggregators and financial news systems.
Jetix Europe N.V Jetix Europe today announced that it has signed a deal with an affiliate of its majority shareholder, The Walt Disney Company Ltd, to integrate the management of its French channel with the Disney Channels operation in France.
This agreement means that the Disney Channels France team will manage Jetix' French channel operations with immediate effect alongside its existing channels - Disney Channel and Playhouse Disney.
Jetix Europe has taken this decision after a full review of its strategic options. The new deal will allow Jetix to retain a profitable business in France following the recent renewal of a multi-year distribution agreement.
The move also allows Jetix' French channel to work more closely with its majority shareholder's channels, Disney Channel and Playhouse Disney, both in terms of sharing resources and enjoying greater synergies both on and off-air.
Consumer Products in France will continue to be managed by Jetix Consumer Products, the licensing division of Jetix Europe. The day-to-day management of the Jetix TV channel and website in France, including adsales, marketing, programming and online, will be handled by Disney Channels France.
Paul Taylor, Chief Executive Officer of Jetix Europe, said: "We looked into various options for how we could most profitably run our channel in France going forward. We believe that licensing it to Disney will maintain its success as one of France's most-watched kids TV channels, whilst also reducing the operational cost and ensuring profitability for all of our shareholders. It will also position Jetix France much closer to our parent company's French kids channels, allowing both parties to share resources and expertise in this competitive market."
- end -
For further information please contact:
Press Lee Hobbs Alexandra Lepee Jetix Europe Jetix Europe Tel. +44 (0)20 8222 5910 Tel. +44 (0)20 8222 5915 Email: Email: lee.hobbs@jetix.net alexandra.lepee@jetix.net
Investors: Peter Brimacombe Jetix Europe Tel: +44 (0) 20 8222 5959 E mail: peter.brimacombe@jetix.net
Notes to Editors:
About Jetix Europe
* Jetix Europe is a leading kids' entertainment company with localised television channels, programme distribution and consumer products businesses in Europe and the Middle East. * Jetix Europe's 14 Jetix television channels deliver a unique combination of action, adventure and humour for kids aged 6-14, in 58 countries and 19 languages, reaching over 52 million households. In addition the company has launched GXT a pay-TV channel in Italy targeting teenage boys. * Jetix Europe is part of the global Jetix kids' entertainment alliance launched by Jetix Europe and The Walt Disney Company (ABC Cable Networks Group and Jetix Latin America) in 2004. * Through the alliance Jetix reaches over 289 million[*] television households in 80 countries and 25 languages worldwide.
[*]through channels and branded blocks.
The press release can be downloaded from the following link:
