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ots Ad hoc-Service: Intertainment AG <DE0006223605> Intertainment acquires pre-IPO share option of up to 20% in filmgroup

Munich (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
Intertainment acquires pre-IPO share option of up to 20% in
filmgroup
filmgroup announces IPO for the beginning of June
Munich-based media group Intertainment AG has acquired the option
to purchase up to 20% of the British Internet film distributor
filmgroup at pre-IPO conditions. Redbus, a subsidiary of filmgroup,
has recently acquired from Intertainment substantial exclusive
Video-on-Demand (VoD) and free TV rights limited to the UK. filmgroup
is expected to be floated on the London stock exchange at the
beginning of June this year. filmgroup plans to be the first British
company to deliver a large library of exclusive and non-exclusive
films over the Internet by VoD launching in the fourth quarter of
this year. Through its web site www.films2.com, users will be able to
watch feature films online through the TV, by using a set-top box, a
PC or a web enabled TV as interface.
Intertainment and filmgroup are also engaged in talks about a
joint venture extending their Video-on-Demand business to include the
Scandinavian market.
Research analysts believe that filmgroup has a "significant
first-mover advantage" in the British VoD market. This marks a
further step in Intertainment's Internet distribution strategy
following its acquisition of approximately 26% in SightSound.com, the
US market leader in Internet-based film distribution. On April 10,
2000 SightSound.com has filed for an IPO, which is also expected in
June this year.
End of announcement
Your Contact at Intertainment: 
   Claudia Wilmans 
   Intertainment AG
   Widenmayerstrasse 49 
   80538 Munich 
   Germany
tel.: 0049 (89) 21 69 9-0 
   fax: 0049 (89) 21 69 9-11 
   e-mail:  cwilmans@intertainment.de
End
Internet: http://recherche.newsaktuell.de

Original-Content von: Intertainment AG, übermittelt durch news aktuell

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