BARCELONA, Spain, April 7 /PRNewswire-FirstCall/ -- Private
Media Group, Inc. (Nasdaq: PRVTD) a worldwide leader in premium
quality adult entertainment content, today announced that its
subsidiary, GameLink, is launching a proprietary mobile solution
enabling users to instantly stream over 15,000 movies. The platform
is initially available on smartphones such as the iPhone and
Android phones at the URL: www.gamelink .com.
The mobile Internet platform is an extension of GameLink's
leading Video-on-Demand e-commerce platform, allowing consumers to
purchase and consume content instantly. All content is available
for future viewing in the customer's virtual media center, stored
in the company's "cloud." The platform has been optimized to work
with Apple devices including the iPhone, iPod, the soon to be
launched iPad as well as Android devices. In addition to streaming,
consumers can choose to download their movies or purchase DVDs and
novelties from the globally accessible platform. A white label
version of the mobile platform is available and will be marketed to
adult studios and affiliates worldwide.
In contrast to Private's existing mobile content business, which
is based on an on-portal model going through content aggregators
and carriers, this new business is off-portal and provides
substantially improved margins as content is sold directly by
Private to the consumer.
Jeff Dillon, Director of
Online Sales at GameLink comments: "Using the latest
wireless technologies, GameLink is the first adult company to offer
consumers this unique platform of 15,000 movies available for
purchase a la carte and accessible anytime and from anywhere in the
world."
Ilan Bunimovitz, CEO of Private commented: "We expect
this new high-margin business, which is targeted towards the
rapidly growing smartphone market(i), to make a significant impact
on both sales and operating profit in 2010 and beyond. The US
market is expected to be a key revenue driver due to the phenomenal
penetration of smartphone ownership coupled with the absence of
adult content on US carriers' portals."
NOTES TO THE EDITOR:
Footnotes
(i) According to Parks Associates report of March, 2010,
"Smartphone: King of Convergence": the number of smartphone users
is expected to quadruple, exceeding 1 billion worldwide by
2014.
About Private Media Group
Founded in 1965, NASDAQ listed Private Media Group is a
brand-driven world leader in adult entertainment, operating a
global content distribution network with a wide range of platforms
including mobile telephone handsets via 104 network operators in 45
countries, digital TV via 38 platforms in 24 countries, broadband
Internet, television broadcasting, DVDs and magazines. Private
Media Group owns the worldwide rights to its extensive archive of
high-quality content, and also licenses its Private and "Silver
Girls" trademarks internationally for a select range of luxury
consumer products. Private is the world's preferred content
provider of adult entertainment to consumers anywhere, at any time
and across all distribution platforms and devices.
Corporate site: prvt.com, consumer sites: private .com, gamelink
.com
Disclaimer
This release contains, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which reflect the
Company's current judgments of those issues. However, because those
statements are forward-looking and apply to future events, they are
subject to such risks and uncertainties, which could lead to
results materially different than anticipated by the Company.
For further information please
contact:
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Giles Hirst
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Marketing Director
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Private Media Group
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Tel +34 93 620 8090
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giles.hirst@private.com
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SOURCE Private Media Group