DGAP-News: HOLLYWOOD CLASSICS NETWORK WILL PROGRAM TO AMERICA'S AFFLUENT POPULATION
(firmenpresse) - DGAP-News: Hollywood Classics Network Inc. / Key word(s): Corporate
Action
HOLLYWOOD CLASSICS NETWORK WILL PROGRAM TO AMERICA'S AFFLUENT
POPULATION
31.03.2011 / 08:31
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North Hills, California - (For immediate release) - 31th March 2011.
Hollywood Classics Network listed on the Frankfurt Stock Exchange (Ticker
symbol - 2CN, WKN - A0X9ZA) introduces an exciting television network that
will reach the most affluent segment of the population in America, people
50 years and older now numbering over 75,000,000. This unique segment
controls 70% of America's wealth.
The programming will feature things of particular interest to this
audience. It will be entertaining, informative, exciting and comforting.
The timing is perfect as there is such a lack of this type of programming
and this audience wants to view quality programs that will enrich their
lives and add a new dimension to their viewing habits. There will be lots
of celebrities talking about their lives after 50 and how they are enjoying
their prime of life. There will be specialists in the areas of finance,
travel, health and many other things of importance and interest to this
audience. There will be lots of classic movies which are especially
appreciated by this audience.
Hollywood Classics Network has purchased 400 classic movies as well as
episodes of Bonanza and Lucy. They have also purchased a number of TV
specials - 'Musical Reunion' featuring stars from the Big Band era,
'Hollywood Then and Now' with a lot of nostalgia information as to how
Hollywood has become the entertainment capital of the world. Another
purchase has been 39 one-hour episodes of 'America's New Country' with many
of the top country music artists in America featured in this series.
This programming alone is sufficient for the first year of operation and as
all of these movies and TV shows have been purchased outright there will be
no licensing fees to be paid. This will greatly improve our profit picture
as normally programming represents 40 percent of the network's operating
cost.
There will be 16 minutes per hour of commercials and the network will be
sold out from day one. This means that the network will be profitable
right from the beginning.
The advertising revenue created by the commercials running on the network
will greatly enhance the profitability of the network. This revenue will
be shared with the television stations and cable operators that affiliate
with the network. There is tremendous interest from these affiliates to
carry our programming and enjoy the revenue it produces. In addition to
the advertising revenue from the network, added revenue will be earned by
products sold from the network's website and E-commerce affiliates. Also,
DVDs of the many classic movies aired daily will be offered for sale.
Hollywood Classics Network will position itself to become a strong force in
a niche market of TV broadcasting in the USA and elsewhere not only through
its unique network but also with program content which will appeal to a
somewhat currently neglected market, the 50-year-old and over viewer.
The network will operate 24 hours per day, seven days per week and will
offer its affiliates a total turnkey operation of programming, selling of
advertising and revenue sharing. This is tremendously appealing to a
television station or cable operator.
Hollywood Classics Network promises to offer its viewers a quality of
programming that will greatly enhance the lives of its viewers and
therefore outstanding growth and revenue for the network.
About Hollywood Classics Network Inc.
Hollywood Classics Network, Inc. ('HCN' or the 'Company') a Canadian
Corporation located in Los Angeles, California is poised to launch an
exciting national television network in the U.S.A., Canada, and the UK.
HCN, in addition to managing the network, will provide all programming and
advertising to its affiliate stations on a 50/50 shared advertising revenue
basis.
Safe Harbor Statement
This release includes forward looking statements, which are based on
certain assumptions and reflects management's current expectations. These
forward looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. The Company disclaims any intention
or obligation to update or revise any forward looking statements, whether
as a result of new information, future events or otherwise.
Press Contacts
Paul Webb, Chairman, CEO
Hollywood Classics Network
16520 Vintage Street
North Hills, CA 91343
Phone: 1-818-832-1890
Fax: 1-818-832-4466
Email: pwebb(at)hollywoodclassicsnetwork.com
Web: www.hollywoodclassicsnetwork.com
End of Corporate News
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31.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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117745 31.03.2011
Datum: 31.03.2011 - 08:31 Uhr
Sprache: Deutsch
News-ID 33667
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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