Cannes Follow-On Deals Closed Include Family Film "Ace of Hearts," Comedy "The Deal," Crime Drama Mini-Series "Guns" and Sports Drama "Goal 3"
Peace Arch® Entertainment Group Inc. (AMEX: PAE)(TSX: PAE), an integrated global entertainment company, today announcedthat it has completed ten licensing agreements in eight key internationalterritories on 17 motion pictures and television series. Most of theseagreements were negotiations that began at the 2008 Cannes Film Festivaland Market in Cannes, France (May 14-25), and include licensing agreementswith distributors in Germany, China, Australia, Italy, CIS (former SovietRepublics including Russia), Brazil, Spain and Latin America.
New licensing agreements closed by Peace Arch include the romantic comedy"The Deal" (William H. Macy, Meg Ryan) to Eurovideo for Germany, and toShanghai Starnet (Shanghai Lumieres Culture & Communication Co. Ltd.) forChina; sports drama "Goal 3" (Kuno Becker) to Roadshow Films Pty Ltd. forAustralia; and all rights to the crime drama mini-series "Guns" (ElishaCuthbert, Colm Feore) closed with Paco Pictures for Italy.
Additional deals closed by Peace Arch include a package of seven films toVideoconcept for CIS comprised of thriller "Harm's Way" (Kathleen Quinlan),horror film "Bottom Feeder" (Tom Sizemore), magical drama "A Lobster Tale"(Colm Meaney, Graham Greene), dramas "Stranger Game" (Mimi Rogers),"Troubled Waters" (Jennifer Beals) and "Just Business" (Gina Gershon) andzombie horror film "The Mad" (Billy Zane).
New licensing deals were also closed on the drama "All The Good Ones AreMarried" (Darryl Hannah), adventure-drama "Luna: Spirit of The Whale"(Jason Priestley, Graham Greene, Adam Beach), crime drama "The Last HitMan" (Joe Mantegna), family drama "Ace of Hearts" (Dean Cain) and "ALobster Tale" to GloboSat/Globo (Telecine Programacao de Filmes LTDA) fortelevision rights in Brazil. Art Mood acquired television rights to "Aceof Hearts" for Spain; TOT Media acquired all rights to crime drama "Animal2" (Ving Rhames) and horror-thriller "The Devil's Mercy" (Stephen Rea) forSpain; Roma Movie acquired television rights to "Ace of Hearts" and "Luna:Spirit of The Whale" for Italy; and WEtv acquired television rights to thenon-fiction series "Bulging Brides" for Spain and Latin America.
About Peace Arch Entertainment Group Inc.
Peace Arch Entertainment produces and acquires feature films, televisionand home entertainment content for distribution to worldwide markets. PeaceArch is one of the leading independent theatrical and home entertainmentdistributors in North America, and owns one of the largest libraries of topquality independent feature films in the world, featuring more than 1,000classic and contemporary titles. For additional information, please visitwww.peacearch.com.
Forward-Looking Statements
This press release includes statements that may constitute forward-lookingstatements, usually containing the words "believe," "estimate," "project,""expect," or similar expressions. These statements are made pursuant tothe safe harbor provisions of the Private Securities Litigation Reform Actof 1995. Forward-looking statements inherently involve risks anduncertainties that could cause actual results to differ materially from theforward-looking statements. Factors that would cause or contribute to suchdifferences include, but are not limited to, that the correspondingrestatement of the Company's financial statements may change based upon theAudit Committee's ongoing analysis, that the Company's ability to filerequired reports timely with the Securities and Exchange Commission will beimpaired, that potential claims or proceedings may arise relating to suchmatters, that the Audit Committee in consultation with the Company'sindependent public accounting firm will determine that the properaccounting differs from the accounting treatment upon which the assumptionsand forward looking statements in this release are based and other risksdetailed in the Company's periodic report filings with the Securities andExchange Commission. By making these forward-looking statements, theCompany undertakes no obligation to update these statements for revisionsor changes after the date of this release.
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