Motion Network in Talks With Stretch Films to Implement Turkish Country Partnership
Motion Network in Talks With Stretch Films to Implement Turkish Country Partnership
ZUG, Switzerland, March 6/PRNewswire-FirstCall/ -- Swiss Hawk AG's portfolio company Motion Network Holding Plc ("MNH") and
parent company of Motion Network TV ("MNTV"), the first 24/7 free movie
channel in Europe, is finalizing talks with Strech Films in Turkey in order
to launch Motion Network TV Turkey. Adding to Motion Network TV Russia,
Georgia, Belarus, Kazakhstan and Balkans, MNH strengthens its position in
Eastern Europe. This new agreement marks a milestone in MNH's the roll-out
plan as MNTV achieves its first European syndication in its aim to become a
pan-European channel.
MNTV adds a vast new territory. The channel will broadcast movies that
will be subtitled in Turkish and programs in Turkish locally produced by
Strech Films. Strech Films has already contacted cable and digital operator
and will implement MNTV's roll-out by reaching the widest audience.
With over 14 million television-owning households, the Turkish
broadcasting market is one of the biggest in Europe. The vast majority of
private television channels are considered as generalist in terms of their
output. In recent years, there has been a rise in the number of thematic
channels. There are several music, documentary, sports, news and
entertainment channels. But there is no real movie thematic channel so far in
the Turkish media landscape. Moreover there is significant popular demand for
new technologies and services, as observed in the mobile telephone market,
where there is a penetration of 40 per cent, with around 30 million users.
Strech Films is a young and ambitious production company established in
2007. It has already worked with prestigious clients such as Fox. Its
creation follows the successful carrier of its founders, Ulas Ygit Ülker and
Omer Faruk Baydar, in the entertainment industry. Ulas Ygit Ülker, CEO of
Strech Films, enjoys a various experience as he worked for ATV, Ogilvy
&Mathers Advertising Agency and take part at different levels in several
movies and commercials.
"After analyzing your global business plan, made necessary research and
evaluation of Motion Network TV's opportunities and challenges in the
receptive market; we have, after consultation from major media actors in
Turkey, reached a positive conclusion" said Ulas Ygit Ülker, CEO and founder
of Strech Films.
The partnership combines MNH's European vision and network with a strong
experience in all aspect of the domestic media and entertainment industry
from Strech Films executives.
About Strech Films
Strech Film was established by Ulas Yigit Ulker and Faruk Baydar in 2007
after many years of experience from production of various television
programs, music videos, advertisements and films. With the wide scope of
knowledge the company's focus is to provide services to the costumers in
terms of all steps of the production life cycle, which means in addition to
the production itself, they do also contribute with pre-, post facilities and
services. Despite their new entrance into the market, they have been working
with reputable companies such as Fox TV, MTV and Turkcell. For further
information visit http://www.strech-film.com/
About Motion Network Holding Plc ("MNH")
MNH operates in the sector of communication and provides B2C and B2B
services in the area of Television, IPTV, Internet, media content production
and post production, software and retail. MNH operating services cover mostly
Europe, Far East and the US. MNH's wholly owned Luxembourg subsidiary Motion
Network TV ("MNTV") is the main group company that operates as a pan European
film and music dedicated TV channel. For further information visit
http://www.motionnetworktv.com.
About Swiss Hawk AG
Swiss Hawk AG is building an alternative asset investment company focused
on the environmental technology sector. The company pursues an aggressive
investment policy based on actively investing and trading mainly in late
stage pre-IPO and IPOs with high-growth potential and planned short term
exit. Swiss Hawk is listed on the Frankfurt Stock Exchange Open Market.
Contact:
Christophe Kourdouly, MNH/Antetime
Tel.: +33-1-72-100213-214
Pranee Schneider
Tel.: +41-41-511-0198
E-Mail: contact@swisshawk.com
Source: Swiss Hawk AG
Contact: Christophe Kourdouly, MNH/Antetime, Tel.: +33-1-72-100213-214, Pranee Schneider, Tel.: +41-41-511-0198, E-Mail: contact@swisshawk.com
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