posted
RMD Entertainment Group (Pink Sheets:RMDG) announced today that they have entered into a strategic partnership with the Real Hip Hop Network (http://www.rhn.tv), arguably the largest multimedia hip-hop content resource in existence with over fifteen thousand (15,000) hours of original programming in the can. According to the parameters of the agreement, RMD will have complete discretion with respect to the global distribution of all RHN content and are entitled to 50% of any revenue generated as a result of RMD involvement. By utilizing their longtime relationships with Bungalo Records (exclusively distributed by Universal Music & Video Distribution), The Pickwick Group Ltd. and over sixty digital music distributors, RMD Entertainment will instantly convert content to capital through both traditional and alternative distribution channels.
The Real Hip Hop Network is the first ever cable television network geared specifically toward the dynamic lifestyle and culture that defines hip-hop. By the end of 2006, RHN will reach over 17 million homes nationwide via cable and satellite, which gives this deal with RMD that much more impact. Not only will RMD now have a massive cross-section of their ideal demographic to introduce their artists, products and alternative content distribution to, but they will also be able to capitalize on the staggering advertising possibilities that come with that level of market penetration.
RMD CEO Giorgio Costonis commented, "This is the moment we've been working toward from the outset. One of our goals was to become the largest supplier of hip-hop driven content and this alignment with the Real Hip Hop Network has made that a reality. Having the freedom to distribute over 15,000 hours of original content from an industry giant like RHN is a great feeling; however, knowing that as long as they continue to create original programming we have a virtually endless supply of content is simply overwhelming." Costonis added, "The revenue potential for a deal of this magnitude is uncharted territory and we intend to explore every possible opportunity. This is the first of many synergies we have identified between RMD and RHN. They have our commitment to a longstanding alliance. It's a huge win-win for both organizations and hip hop fans around the globe.>>>>>>>>>>>>>>>>>>&g t;>>>>>>>>>>>>>>>>>>>&g t;>>>>>>>>>>>>>>>>>>>&g t;>>>>>>>>>>>>>>>>>>>&g t;>>>>>>>>>>>>>>>>>>>&g t;>>>>>>>>>>>>>>>>>>>&g t;>>>>>>>>>>>>>>>>>>>&g t;>>>>>>>>>>>>>>>>>>>&g t;>>>>>>great news!! this will be bigger than IPRE!!, just the beginning folks! hang on this is going to be one wild ride!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
| IP: Logged |
posted
the wall at 0027 is breaking down!! looks like we will break 003 with no problem!!
Posts: 2503 | From: connecticut | Registered: Mar 2005
| IP: Logged |
(frankly speaking i prefer to stop here for today and leave some run for tomorrow ...)
Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003
| IP: Logged |
-------------------- Sometimes its easier to beg for forgiveness than ask for permission. Posts: 234 | From: pa USA | Registered: Nov 2004
| IP: Logged |
posted
After reading that PR 3 or 4 times it seems like complete fluff and even seems like it was written by a rapper. I think I would becareful as it is very insignifficant news and probably will bottom out before the end of the day. The news is nowhere as big as the headline makes out.
RMD Entertainment and the Real Hip Hop Network (RHN) Sign the Largest Urban Media Content Deal in History
Not so at all. Trade smart dont get greedy and exit when your gut tells you it is right.
Posts: 2063 | From: Europe | Registered: Feb 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
