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Motive Tv Share News (MTV)
Share News for Motive Tv (MTV)
| Share Price: 0.0215 | Bid: 0.021 | Ask: 0.023 | Change: 0.0005 (+2.38%) |  | ||||||
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Motive TV launches independent TV production co; to give 400,000 stg in funding
Thu, 6th Mar 2008 08:10
LONDON (Thomson Financial) - Motive Television PLC said it has jointly launched an independent
AIM-listed Motive Television said it will provide up to 400,000 stg in working capital and development funding for Rumble TV, which is a 50:50 joint venture between Motive and former Visual Voodoo head of programmes Tony Moss.
Motive has the option to buy the shares in Rumble TV belonging to Moss and his deputy, Ben Devlin, for up to 10 mln stg at any time after the end of the fifth year of the joint venture and would expect to exercise this option should Rumble TV reach targeted levels of profitability.
The launch of Rumble TV marks the establishment of the fifth production company at Motive Television, the release said.
TFN.newsdesk@thomson.com
ssa/ms1
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
LONDON (Thomson Financial) - Motive Television PLC said it has jointly launched an independent
TV production company, Rumble TV Ltd, which will target the UK factual entertainment market.
AIM-listed Motive Television said it will provide up to 400,000 stg in working capital and development funding for Rumble TV, which is a 50:50 joint venture between Motive and former Visual Voodoo head of programmes Tony Moss.
Motive has the option to buy the shares in Rumble TV belonging to Moss and his deputy, Ben Devlin, for up to 10 mln stg at any time after the end of the fifth year of the joint venture and would expect to exercise this option should Rumble TV reach targeted levels of profitability.
The launch of Rumble TV marks the establishment of the fifth production company at Motive Television, the release said.
TFN.newsdesk@thomson.com
ssa/ms1
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
BRIEF-Motive Television says court stays proceedings by CCAN and awards costs to co
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BRIEF-Motive TV agrees global rights for terrestrial technology
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