MGM CHANNEL LAUNCHES IN INDONESIA
LOS ANGELES - 12/31/03 - MGM Networks, a unit of Metro-Goldwyn-Mayer Inc., has signed a distribution agreement covering an MGM-branded, movie-driven network in Indonesia.
The MGM Channel launched earlier this month month and is broadcast 24 hours a day, 7 days a week, featuring original-language films from the celebrated MGM library.
Under the agreement, the MGM Channel is delivered to subscribers via the basic tier of Kabelvision (PT Broadband Multimedia Tbk), Indonesia's leading Pay -TV operator, which serve Jakarta and Surabaya - the country's two largest cities - and the resort island of Bali.
The Kabelvision deal follows several other recent agreements by MGM Networks in Asia, including a strategic alliance with CNBC Asia Pacific to produce and distribute the MGM Channel in the Greater China market and Southeast Asia, and the launch of the channel on PCCW's Now Broadband TV platform in Hong Kong.
The company is publicly traded with the Across Asia Multimedia Group on the Hong Kong GEM exchange.
The Kabelvision agreement "is the latest step in MGM Networks' global expansion, which over the last two years has increased its channel interests fourfold to more than 100 countries on six continents," according to the press release announcing the move.
Headquartered in Singapore, CNBC Asia Pacific is a business and financial news service subsidiary of the Dow Jones & Company - publisher of the Wall Street Journal - and NBC, a division of the General Electric Company and one of the top three television networks in the US.
CNBC Asia Pacific's channels - CNBC Asia, CNBC Australia, CNBC India, Nikkei-CNBC (Japan), MBN-CNBC (Korea), CNBC Singapore and CNBC Hong Kong - are available in more than 256 million homes across the Asia Pacific region.
The channels are distributed via satellite, cable and terrestrial broadcast networks.
Earlier this year, MGM launched its second MGM-branded channel in South Korea earlier this year, and, in October, also launched on systems in Switzerland, Liechtenstein, and Iceland, which brings to a dozen the European countries where it can be seen.
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