Private Media Group Inc., a provider of adult entertainment products, today announced the signing of a Pay-TV license and a VOD (Video-on-Demand) agreement for the use of the company’s content in the territory of German-speaking Europe.
Under the terms of the five-year Pay-TV Content Licensing Agreement, Private Media Group will receive 6 million euro, including 3 million euro in 2006 and 1.5 million euro in 2007, in exchange for Erotic Media’s immediate and future access to a specified quantity of titles in Private’s content library.
Additionally, the two companies have also signed a five-year VOD agreement where Erotic Media will become Private’s VOD content agent in German-speaking Europe.
Bernhard Mueller, delegate of the board for Erotic Media AG, said, “We have chosen Private as our long-term partner because of its well established brand in German-speaking Europe and its consistent track record of delivering top quality content to consumers.”
“We are very excited about this strategic alliance and the business opportunities we will now be able to harness.” Mueller concluded.
Berth Milton, CEO, president and chairman of Private Media Group said, “These two agreements are important steps in the Company’s video-on-demand and broadcasting activities, which today, among others, include the cooperation with Playboy TV International and the Portland Television Group.“
“With the impending IPTV/cable VOD explosion expected in Germany,” continued Miton, “we have selected to work with Erotic Media to benefit from their solid experience and true understanding of the German-speaking broadcasting market in Europe.”
