AMC Moves to PanAmSat in 15-Year Transponder Deal
May 19 2004 - 10:30AM
PR Newswire (US)
AMC Moves to PanAmSat in 15-Year Transponder Deal First-Time
Customer To Join Galaxy 1R's Prime Cable Neighborhood WILTON,
Conn., May 19 /PRNewswire-FirstCall/ -- PanAmSat Corporation today
announced that it had signed a 15-year transponder agreement with
Rainbow Network Communications (RNC) for the transport of AMC.
Under the terms of the contract, PanAmSat's Galaxy 1R satellite
will now distribute AMC to over 10,000 cable head-ends across the
United States. AMC will join such leading programmers as Disney,
Fox, Time Warner and Viacom on one of the industry's premier cable
satellites. "The fact that such a prominent cable programmer as AMC
chose a key Galaxy satellite is a big win for PanAmSat and a
reaffirmation that our fleet is the place to be," said Mike
Antonovich, senior vice president of global sales and marketing for
PanAmSat. "Thanks to customers such as CNN, Disney, FOX, HBO, The
WB and now AMC, PanAmSat is the leading distributor of television
signals in the U.S. and around the world. When it comes to
delivering programming, there is no other satellite operator that
services the U.S. as efficiently and effectively as PanAmSat." AMC,
a subsidiary of Rainbow Media Holdings LLC, which also owns and
manages WE: Women's Entertainment and IFC, is a 24-hour,
movie-based network, dedicated to the American movie fan. The
network, which reaches over 86,000,000 homes, offers a
comprehensive library of popular movies and a critically-acclaimed
slate of original programming that is a diverse, movie- based mix
of original series, documentaries and specials. Over the past three
years AMC has garnered many of the industry's highest honors,
including eight Emmy awards. AMC is "TV for movie people."
"PanAmSat gave us the reliability, excellent coverage and customer
service we were looking for in a satellite service provider," said
Tom Greco, vice president, Business Development, RNC. "We know we
made the right move in choosing Galaxy 1R to reach cable systems
across the country." PanAmSat's Galaxy 1R satellite, a Boeing-built
BS 376 model spacecraft, was launched in February 1994 and is
located at the prime U.S. orbital location of 133 degrees west
longitude. The satellite contains 24 high-power C-band transponders
and provides complete coverage of the United States. Together with
Galaxy 5, Galaxy 10R, Galaxy 11 and Galaxy 13, these satellites
form the Galaxy cable neighborhood. Upon Galaxy 1R's end-of-life in
2006, PanAmSat will migrate AMC to the satellite's successor,
Galaxy 15. About PanAmSat PanAmSat Corporation (NASDAQ:SPOT) is one
of the world's top three satellite operators managing a global
fleet of 29 satellites, 24 of which are wholly-owned by the
Company, for the delivery of news, sports and other television
programming. In total, this fleet is capable of reaching more than
98 percent of the world's population through cable television
systems, broadcast affiliates, direct-to-home operators, Internet
service providers and telecommunications companies. In addition,
PanAmSat supports the largest concentration of satellite-based
business networks in the U.S., as well as specialized
communications services in remote areas throughout the world.
PanAmSat is 80.5 percent owned by The DIRECTV Group Inc. For more
information, visit the company's web site at
http://www.panamsat.com/. The DIRECTV Group, Inc. The DIRECTV
Group, Inc. (NYSE:DTV) formerly Hughes Electronics Corp. (NYSE:HS),
is a world-leading provider of digital multichannel television
entertainment, broadband satellite networks and services, and
global video and data broadcasting. The DIRECTV Group, Inc. is 34
percent owned by Fox Entertainment Group, which is approximately 82
percent owned by News Corporation Ltd. DATASOURCE: PanAmSat
Corporation CONTACT: Kathryn Lancioni of PanAmSat Corporation,
+1-203-210-8000 Web site: http://www.panamsat.com/
Copyright
Spotify Technology (NYSE:SPOT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Spotify Technology (NYSE:SPOT)
Historical Stock Chart
From Jul 2023 to Jul 2024