Motion Network TV Announces TV Shopping Deal With Hunan TV
Motion Network TV Announces TV Shopping Deal With Hunan TV
ZUG, Switzerland, January 23/PRNewswire-FirstCall/ -- Swiss Hawk AG announces that its portfolio company Motion Network Holding Plc ("MNH") has concluded a TV shopping deal with Hunan TV through its 100% French subsidiary Antetime Production, Paris (Antetime). The nature of the deal is the supply of luxury brand products to Hunan TV end users as well as a weekly TV show presenting one luxury brand and its environment each week. Brands such as Lolita Lempicka, Balmain, Poiray, Kenzo design and many others have formally agreed to be in the first shows to be broadcast by Hunan TV.
MNH expect its subsidiary Antetime to secure average revenues of at least EUR 100,000 per week (net margins 25%) during the first year starting from 17 March 2008.
MNH will jointly manage the TV shopping operations with Alchemia, a local Chinese importer based in Shanghai. Alchemia will play a key role in the triangle operation, taking care of logistics, customs, billing and customer relations etc.
About Hunan TV
Hunan TV, Changsha based broadcaster covers South East China with 150 million households from Guangdong to Nanking. Hunan TV's shopping revenues have surged to Euro 120 million in 2007 and since its inception in 2004 Hunan TV has secured a growth rate of 50% year on year on its revenues from TV shopping. http://news.hunantv.com/English/,
About Motion Network Holding Plc
Motion Network Holding Plc ("MNH") operates in the sector of communication and provides B2C and B2B services in the area of Television, IPTV, Internet, media content production and post production, software and retail. MNH operating services cover mostly Europe, Far East and the US.
MNH's wholly owned Luxembourg subsidiary Motion Network TV ("MNTV") is the main group company that operates as a pan European film and music dedicated TV channel. In addition, MNTV gives the opportunity to Internet businesses such Dotlight (based in Stockholm) to promote their services and develop a commercial client base in the area of film downloading and electronic talent agency.
MNTV is negotiating several TV / media deals through its French subsidiary company Antetime Production. MNH expects to close a niche Swiss TV company in the immediate future.
For further information about MNH visit http://www.motionnetworktv.com.
URL: http://www.swisshawk.com
About Swiss Hawk AG
Swiss Hawk AG is building an alternative asset management business through the pursuit of an aggressive investment policy based on actively investing and trading in participations in alternative asset class transactions (mainly late stage pre-IPOs / IPOs) with high-growth potential and planned short term exit. Swiss Hawk is listed on the Frankfurt Stock Exchange Open Market.
For further information contact: Mrs Pranee Schneider Tel: +41-41-511-0198 E-Mail: contact@swisshawk.com
Source: Swiss Hawk AG
For further information contact: Mrs Pranee Schneider, Tel: +41-41-511-0198, E-Mail: contact@swisshawk.com
Profile: International Entertainment
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