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RMD Entertainment Helps Content Partner Real Hip Hop Network (RHN) Launch on Cable/Satellite in the DC Market Business Editors / Entertainment Editors / TV/Cable Writers
PHILADELPHIA--(BUSINESS WIRE)--July 13, 2006-- RMD Entertainment Group (Pink Sheets:RMDG) announced today that through a groundbreaking distribution deal with MHz Networks, their content partner the Real Hip Hop Network (RHN) will air in over 2 million DC area households from 12:00 am to 6:00 pm - six days a week. This additional viewership is in addition to their previous viewer numbers, which reached well above 15 million. The new outlets carrying the network are as follows: Verizon FIOS (Channel 34 in DC/31 in MD/31 in VA), Adelphia (Channel 25 in Spotsylvania/Richmond/Stafford), Dish Network (Channel 53 or 8084), Metromedia (Channel 18 in King George County) and DirecTV (Channel 53 or 971).
The Real Hip Hop Network is the first ever cable television network geared specifically toward the dynamic lifestyle and culture that defines hip-hop, will also provide cutting edge satellite technology for the transmission of their hip-hop driven content to mobile multimedia platforms globally through their partnership with TA Broadcasting, a leading provider of end-to-end transmission and production services to the global broadcasting industry. RHN and partner RMD Entertainment, will be able to take advantage of the broadcast company's leading role in the development and advancement of new broadcast technologies, including digital video compression and direct-to-home services.
RMD CEO Giorgio Costonis commented, "When we originally made our content deal with RHN, we knew the impact of our decision would be felt quickly. Together we are redefining the multimedia distribution paradigm while using the heightened exposure as a vehicle for generating alternative revenue. With our 50% share of the revenue we generate along with RHN, imagine the advertising dollars we are in a position to generate in the DC area alone. As we continue to amass viewers, we continue to strengthen our financial position and projection."
RHN President and CEO Atonn Muhammad added, "Our overall theme in our joint ventures with RMDG is expansion and exposure for additional revenue sources. Now that we possess a substantial viewing audience we are in a more favorable position to negotiate our rates for commercials with higher echelon ad agencies as well as corporate sponsors directly. This gives us a huge competitive advantage because our unit cost and profit margin become larger and more consistent than in our previous position. We will continue to work hand in hand with RMD on our expansion into new markets and are prepared to enter into joint ventures with them on all territories they bring RHN into. Giorgio Costonis, his staff, and associates understand aggressive expansion of marketplaces and that is exactly where our management's thinking is right now. I am sure we will continue to do great things together that will benefit both companies for years to come."
About RMD Entertainment Group
RMD Entertainment (RMD) is a cutting-edge entertainment company that is primarily focused on the development and international marketing of 'hip-hop' music, including compact discs, digital downloads, and personal 'ring tones' for mobile phone customers, as well as other 'hip-hop' lifestyle products. The Company has also created MOTV, the ability to stream video content to mobile devices, including cell phones and PDAs. RMD has significant successes internationally and its staff producers have collaborated with some of the most influential names in the music industry today including Sting, David Byrne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Stevie Winwood, Robin Scott, and jazz saxophone legend Bill Evans, among others. The Company currently possesses an impressive hip-hop catalogue, which it distributes exclusively through Bungalo Records and Universal Music Group (a subsidiary of Vivendi Universal (NYSE:V)) in North America and in Europe through the Pickwick Group Ltd. of London.
About Real Hip Hop Network (RHN)
With so much controversy surrounding the hip hop industry for the past decade, The Real Hip Hop Network has emerged at such a time to serve as the voice to advocate for and preserve the essence of hip-hop culture. As the first ever cable television network geared toward hip hop lifestyle and culture, RHN will provide its audience with an innovative approach to challenge the negative images pervasive in hip hop by cultivating negative perceptions of misogyny, "gangster" images, and excessive violence as being the standard of this industry. The goal of the Network is to provide balance in music programming by returning hip-hop music back to its roots. RHN will play the best music of today and yesterday, while showcasing the nation's hottest unsigned, underground acts. The network will increase awareness of hip-hop as a global culture, connecting the world through music and exposing the influential components of hip hop nationally. RHN will air in 17 million homes nationwide via cable and satellite.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of RMD Entertainment Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
KEYWORD: NORTH AMERICA DISTRICT OF COLUMBIA FLORIDA PENNSYLVANIA UNITED STATES INDUSTRY KEYWORD: ENTERTAINMENT MUSIC TV AND RADIO CONTRACT/AGREEMENT SOURCE: RMD Entertainment Group
CONTACT INFORMATION: For RMD Entertainment Group, Philadelphia Jed Wallace, 310-234-3200 jwallace*mphpr.com
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RMD Entertainment and Real Hip Hop Network (RHN) Rollout Initial 35-Hour Block of Premier Content; For Google Video Platform Revenues to Begin Almost Immediately from Venture Jul 26, 2006 9:59:00 AM Copyright Business Wire 2006
PHILADELPHIA--(BUSINESS WIRE)--July 26, 2006--
RMD Entertainment Group (Pink Sheets:RMDG) proudly announced today that along with Real Hip Hop Network, they are rolling out their initial 35-hour block of original content - specifically engineered for use with Google Video platform. RMD recently entered into an alignment with Google Video directly for the specific purpose of delivering quality content, in exchange for a substantial share of the advertising revenue generated along the way. RMD will still utilize Clayton Entertainment to encode the content but now have their own content agreement directly with the Wall Street giant. RMD and RHN will consistently deliver cutting edge content to the Google Video millions, while being able to utilize Google's proprietary technology to stream content to the masses while using the platform to generate revenue from billable content downloads, merchandising and the multitude of advertising opportunities.
RMD CEO Giorgio Costonis commented, "The amount of available content we have to offer is staggering - and with a partner like RHN, our collective content production is unrivaled in the industry." Costonis added, "What really tips the scales in favor of RMD across the board is the amount of built in advertising revenue that comes with each and every one of these deals. The fact that we are now aligned with an industry giant like Google allows our content to generate awareness, momentum and advertising dollars on a much greater scale." Costonis continued "We have the option of using Google to place ads for us in a revenue sharing scenario while we ramp up with media buying agencies to handle ad sales internally. This gives us an extreme level of flexibility while facilitating immediate access to revenue through a major strategic alliance. In addition, we are looking very closely at placing hyperlinks at the end of the content that will bring the viewer to another website where we can sell additional products associated with the piece they viewed. At this point in time we are creating content that can be associated with Roc Monee and MoTV Inc. so we can drive sales of both products from the extensive Google traffic. This is both a new business model and a solid one that management feels will produce tremendous opportunities to increase our bottom line in the short term with substantial revenues for the company."
RHN President and CEO Atonn Muhammad added, "We couldn't be more excited about taking a step of this magnitude. To be able to impact the hip-hop community the way we have is a testament to the clarity of our vision, to be able to impact a new media platform like Google Video is an honor." Muhammad added, "Working with RMD to change what people watch and where they watch it is truly improving the way people stay culturally connected. The implications of that simple fact are what drives further down the road to success."
About RMD Entertainment Group
RMD Entertainment (RMD) is a cutting-edge entertainment company that is primarily focused on the development and international marketing of 'hip-hop' music, including compact discs, digital downloads, and personal 'ring tones' for mobile phone customers, as well as other 'hip-hop' lifestyle products. The Company has also created MOTV, the ability to stream video content to mobile devices, including cell phones and PDAs. RMD has significant successes internationally and its staff producers have collaborated with some of the most influential names in music today including Sting, David Byrne of the Talking Heads, George Kranz, Freedom Williams of C & C Music Factory, Stevie Winwood, Robin Scott, and jazz saxophone legend Bill Evans, among others. The Company current possesses an impressive hip-hop catalogue, which it distributes exclusively through Bungalo Records and Universal Music Group (a subsidiary of Vivendi Universal (NYSE: V)) in North America and in Europe through the Pickwick Group Ltd. of London.
About Real Hip Hop Network
The Real Hip-Hop Network is the first 24 hour cable channel geared toward real hip hop lifestyle & culture. RHN's core focus is on the 18-34 year old Hip-Hop thrill seeker who embraces the excitement, adventure, and exhilaration embedded in the Hip-Hop lifestyle. RHN will deliver not only the hottest commercial acts on the scene today, but also give you the pure power found in the essence of underground hip hop; featuring the best of the grass roots and the international music scene. RHN brings a side of Hip Hop ignored by the other music channels celebrating the elements and principles that launched hip hop's golden era: DeeJaying, Emceeing, Breakdancing and Graffiti Art.
This was a time when Hip Hop artist where the urban street correspondents, delivering soul stirring and thought provoking commentary on the issues of the day. Hip Hop became an outlet for the pain, struggles, and dreams of those who where a part of its experience. This is what can be defined as real hip hop. Hip Hop has been proven to have massive commercial appeal. RHN provides the world with an engaging, fresh alternative. The Real Hip Hop Network takes everything the world loves about hip hop and challenges the negative images media has made pervasive. RHN operates on a higher standard. We put the "Real" in Real Hip Hop and give the world a mature more gritty choice unavailable on any network before or since RHN. Hip Hop will be globally redefined the RHN Way.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of RMD Entertainment Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: RMD Entertainment Group
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For RMD Entertainment Group Philadelphia Jed Wallace 310-234-3200 jwallace*mphpr.com
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there was news today but nothing exciting. up 75%
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