logo


Michael Eisner's Vuguru and Rogers Media Strike Investment and Distribution Deal
Monday, October 26, 2009 9:07 AM


Studio to Ramp Up Production to 30 Self-Financed Series Per Year

Oct. 26, 2009 (Business Wire) -- Michael Eisner’s new media studio, Vuguru, has secured an investment and distribution partnership with Canada’s Rogers Media, the two companies announced today. Vuguru, which previously operated inside of The Tornante Company LLC, will become a stand-alone entity as part of the deal, effective immediately. Michael Eisner will serve as Chairman of the newly-formed company’s Board of Directors. Rogers and Vuguru have also entered into a long-term distribution agreement for the exclusive Canadian rights to future Vuguru projects.

The financial and distribution guarantee ensures that Vuguru will remain at the forefront of the ever-evolving business of original new media content. To maintain the steady growth and success that Vuguru has achieved since its inception in late 2006, the company plans to significantly increase the number of annual productions to 30 series a year, while it continues to work with brand sponsors and distribution platforms to meet their programming goals. Vuguru will also continue to seek out and leverage the international and ancillary partnerships that have proven successful in delivering content to a wide audience.

“This deal not only solidifies Vuguru’s position as a leader in the new media landscape, but it also allows us to stay true to our creative and business philosophy of owning and distributing high-quality, story-driven content,” said Michael Eisner. “Rogers is a world-class media organization and we are excited about the opportunities this relationship presents for both companies.”

“We are thrilled to partner with Michael Eisner’s Vuguru team, as they have a proven track record of making hits and producing innovative, advertiser-friendly new media content,” said Claude Galipeau, Senior Vice President, Rogers Digital Media. “Audiences are on the move, and we are following them across platforms and dayparts. This partnership means we can program Vuguru series exclusively for Rogers customers and advertisers across our unique range of channels, including broadband web, mobile and cable VOD.”

“This deal builds on the Rogers’ legacy of innovation. Our company is always looking to expand the content choices, regardless of platform, for our customers,” added Melinda Rogers, Senior Vice President, Strategy and Development, Rogers Communications.

In the months ahead Vuguru will launch Prom Queen: The Homecoming, the next installment in the hit Prom Queen franchise; The Booth at the End, a new psychological thriller created by Internet-savvy writer Christopher Kubasik and helmed by veteran television director Jessica Landaw; and Pretty Tough, an adaptation of a successful young adult novel from accomplished television writer and producer Liz Tigelaar. The 2010 slate is expected to include 10-15 new series.




(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia