24 Sep 2009 16:36
MOTIVE TELEVISION PLC (THE "COMPANY")
CHANGE OF ADVISER
The Company announces that it has changed its broker to Throgmorton Street Capital with immediate effect.
For further information, please contact:
Motive Tel: 020 3086 9430
Mick Pilsworth
Throgmorton Street Capital
Jeremy Read Tel: 020 7070 0996
Dowgate Capital Advisers
Jo Turner Tel: 020 7492 4774
Note to Editors:
Motive Television (www.motivetelevision.co.uk) is a leading media investment company, specialising in digital television technology providers and television rights owners. Based in London, it is listed on the AIM and is led by television industry experts Mick Pilsworth and Len Fertig.
Motive announced at the Interims that it moved downstream from television production into digital terrestrial television ("DTT") technology. Motive's new CEO, Leonard M. Fertig, is leading this new initiative. Len brings a wealth of contact and experience to the group, as he was involved in many subscription and video on demand ("VOD") channel launches in the USA (including A&E, Comedy Central, Request Television and DirecTV). Len was also the founding CEO of of Central European Media Enterprises Ltd, ("CME"). Len took CME from a start-up to a billion-dollar NASDAQ-listed broadcasting company with operations in eight countries covering 110 million viewers.
Motive's first transaction in the DTT sector was the agreement of worldwide distribution rights, outside of Spain and Italy, for a DTT solution called BesTV®. BesTV®, powered by Adecq Digital S.L., is patented middleware that allows DTT broadcasters to offer hybrid DTT and internet set-top box solutions, providing VOD, pay-per-view ("PPV"), catch-up TV and live pause using their DTT bandwidth. Already in use in Spain and Italy, BesTV® is now well-placed to be rolled out globally by Motive, leveraging the extensive global contacts of the new management team. We are already in discussions with a number of broadcasters in Europe and the USA.
Motive's main investments include:
A 49.9% interest in comedy production company Brown Eyed Boy, whose most recent hit show, "How Not to Live Your Life", starring Dan Clark, was broadcast on BBC2 .
A 50.6% interest in Manchester-based Scarlet Television, whose recent credits include "Diana's Last Summer", "Britney: Speared by the Paps", "50 Greatest TV Endings" and "50 Greatest TV Couples", all for SKY 1; Richard E. Grant's "Elementary My Dear Viewer" and "Roald Dahl's Revolting Rule Book", both for ITV2; "The Making of a Monster" for Crime & Investigation Network, and "Beefcake: A Very British Sex Symbol", for BBC2.
A 100% interest in Dublin-based production company Motive Television Ltd, whose recent credits include "No Place Like Home" and "Summer in the Sun" for Irish broadcaster RTÉ; "Part of What We Are", a major history of Gaelic games for Setanta Sports and 10 live GAA matches for Irish broadcaster TV3 (in association with Asgard Media).