Statement by Alliance Atlantis Communications Inc. in response to Motion Picture Distribution LP announcement
Statement by Alliance Atlantis Communications Inc. in response to Motion Picture Distribution LP announcement
www.allianceatlantis.com TSX: AAC.A, AAC.B
TORONTO, Sept. 29 /PRNewswire-FirstCall/ -- Alliance Atlantis Communications Inc. issued the following statement today in response to the release issued today by Motion Picture Distribution LP ("the Partnership" or "MPD") confirming that New Line Cinema has agreed to continue its output agreement with the Partnership and a settlement has been reached with its former executives.
"On behalf of the Senior Management team and Board of Directors of Alliance Atlantis, we are pleased that New Line has agreed to continue its output agreement with the Partnership, and are satisfied to see that the Partnership has resolved the outstanding issues with its former executives," said Phyllis Yaffe, Chief Executive Officer of Alliance Atlantis Communications Inc.
"We are committed to announcing the completion of the strategic review of our holding in MPD as soon as possible."
About Alliance Atlantis Communications
Alliance Atlantis offers Canadians 13 well-branded specialty channels boasting targeted, high-quality programming. The Company also co-produces and distributes the hit CSI franchise and indirectly holds a 51% limited partnership interest in Motion Picture Distribution LP, a leading distributor of motion pictures in Canada, with a presence in motion picture distribution in the United Kingdom and Spain. The Company's common shares are listed on the Toronto Stock Exchange - trading symbols AAC.A and AAC.B. The Company's website is www.allianceatlantis.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Canadian securities laws. The reader should not place undue reliance on them. They involve known and unknown risks, uncertainties and other factors that may cause them to differ materially from the anticipated future results or expectations expressed or implied by such forward-looking statements. Information about these factors are described in materials filed by Alliance Atlantis with the security regulatory authorities in Canada from time to time, including Alliance Atlantis's 2005 Management's Discussion and Analysis. AACI undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.
Source: Alliance Atlantis Communications Inc.
CONTACT: Andrew Akman, Senior Vice President, Finance - Corporate
Development & Investor Relations, Alliance Atlantis Communications Inc., Tel:
(416) 966-7701, Email: andrew.akman@allianceatlantis.com; Nicola McIsaac,
Manager, Corporate Communications, Alliance Atlantis Communications Inc, Tel:
(416) 969-4405, Email: nicola.mcisaac@allianceatlantis.com
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