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."
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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:
http://hugin.info/132845/R/1226415/259583.pdf
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