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ots Ad hoc-Service: splendid medien AG <DE0007279507> Splendid Medien and Warner Music set up new subsidiary company

Hamburg/Köln (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Joint sales company for DVDs and videos Managing Board expanded to
include Marketing and Sales
Splendid Medien AG of Cologne set up Warner Vision Vertriebs GmbH
of Hamburg jointly with the AOL/Time Warner subsidiary, Warner Music
Germany, also of Hamburg, Splendid and Warner Music will jointly sell
and distribute DVDs and videos in the German-speaking region. This
co-operation with Warner will open up access to an international
network for Splendid and enable it to further extend its sales
activities. At the same time, Splendid Medien AG has extended its
Managing Board to include responsibility for Marketing and Sales.
Splendid Medien AG will hold 49 per cent of the shares in Warner
Vision Vertriebs GmbH. Warner Music will assume 51 per cent. The
Managing Director of the new subsidiary will be Alexander Welzhofer
who will simultaneously join the Managing Board of Splendid Medien AG
with responsibility for Marketing and Sales. Welzhofer began his
career in 1983 by successfully introducing direct marketing into the
film and video industry, a pioneering achievement. Thereafter he was
responsible for building up international corporations such as Virgin
Vision and Polygram Filmed Entertainment in the German-speaking
region.
Warner Vision Vertriebs GmbH will accept responsibility for sales
of approx. DM 28 million in 2001 and approx. DM 40 million in 2002.
Apart from DVDs and sales through videos from Splendid and Warner
Music, the new company will also sale and distribute titles from the
Splendid subsidiary Polyband of Munich and other labels such as
Intertainment and Nuclear Blast. Before the joint subsidiary was
founded, a sales co-operation agreement had already existed between
Splendid and Warner.
Further information can be obtained by visiting
www.splendid-medien.de or by contacting the following persons:
Splendid Medien AG, Elke Leim, Alsdorfer Str. 3, 50933 Cologne,
Tel.: +49(0)221-95 42 32 34, Fax: +49(0)221-95 42 32 8, E-mail: 
elke.leim@splendid-medien.de
Splendid Medien AG, Karin Opgenoorth, Alsdorfer Str. 3, 50933
Cologne, Tel.: +49(0)221-95 42 32 99. Fax: +49(0)221-95 42 32 8,
E-mail:  karin.opgenoorth@splendid-medien.de
End
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