PanAmSat Furthers Leadership Position of Galaxy HD With HDNet Multi-Transponder, Long-Term Contract
July 25 2005 - 10:54AM
PR Newswire (US)
PanAmSat Furthers Leadership Position of Galaxy HD With HDNet
Multi-Transponder, Long-Term Contract Leading HDTV Network Secures
Prime Real Estate on Industry's Top HD Satellite WILTON, Ct., July
25 /PRNewswire-FirstCall/ -- PanAmSat (NYSE:PA) today announced
that HDNet has executed a long-term extension of its
multi-transponder agreement to provide satellite delivery of the
HDNet programming networks to U.S. cable and direct broadcast
satellite (DBS) providers through January 2021. "HDNet was one of
our anchor tenants on Galaxy HD, helping to establish the satellite
as the premier platform for the distribution of HD programming to
U.S. cable and DBS systems," said Mike Antonovich, executive vice
president, Global Sales and Marketing, PanAmSat. "This new contract
demonstrates two things -- HDNet's long-term commitment to being a
leading high-definition network and their belief in the power of
the Galaxy HD neighborhood. The Galaxy HD platform provides
programmers such as HDNet the ability to reach virtually every
HD-enabled cable head-end in America, guaranteeing the most
extensive reach possible. This is just another example of how
PanAmSat is the leading provider of HD in the U.S. marketplace and
underscores our position as the number-one distributor of
television channels around the world." Launched in September 2001
by co-founders Mark Cuban, owner of the Dallas Mavericks, and
Philip Garvin of Colorado Studios, HDNet provides viewers with more
1080i HD original news, sports, music and entertainment programming
than any other network. HDNet Movies features a wide selection of
major studios' theatrical releases -- all uncut, unedited, and
appearing in their original aspect ratio -- as well as features
produced and finished in true 1080i high-definition, many
premiering day and date on HDNet Movies with their theatrical
releases. "As HDNet continues to build a leading position in the
world of high-definition networks, it is important for us to
maintain our distribution on the country's prime high-definition
satellite and that's Galaxy 13. The technologically advanced
satellite is the perfect distribution vehicle for our networks,"
said Philip Garvin, co-founder and general manager of HDNet. Placed
into service in January 2004, Galaxy 13 is home to the first,
largest and most powerful high-definition neighborhood. PanAmSat's
Galaxy HD neighborhood is home to some of the biggest names in
cable television including: HDNet, HDNet Movies, HBO HD, Cinemax
HD, Encore HD, Fox Sports Net HD, NFL Network HD, STARZ! HD, TNT HD
and Wealth TV. Located at 127 degrees west longitude in the U.S.
cable arc, Galaxy 13 is also part of PanAmSat's "Power of Five"
antenna program, which provides qualified cable operators with
simultaneous access to five Galaxy neighborhood satellites. About
HDNet HDNet provides viewers with exciting and topical news,
sports, music and entertainment programming. The network features
up to 20 hours of original programming each week, all produced in
the highest quality 1080i HDTV format -- more original
high-definition programming than any other network. HDNet news and
entertainment includes original series "HDNet World Report,"
"Deadline!," "Face 2 Face with Roy Firestone," "Art Mann Presents,"
"HDNet Concert Series," and "True Music," as well as every episode
of the acclaimed Warner Bros. series "Smallville." Live sports
productions include NASCAR auto racing, National Hockey League and
Major League Soccer games. HDNet Movies, the company's second
network, shows a wide selection of major studios' theatrical
releases - all uncut, unedited, and appearing in their original
aspect ratio. The network also features movies produced and
finished in true 1080i high-definition, including movies premiering
day and date with their theatrical releases. Co-founded by Mark
Cuban, owner of the Dallas Mavericks, and General Manager Philip
Garvin, the HDNet networks are available on Adelphia, Charter,
DIRECTV, DISH Network, Insight, Mediacom, Time Warner Cable and
more than 40 NCTC cable affiliate companies. For more information
visit http://www.hd.net/. About PanAmSat Through its owned and
operated fleet of 23 satellites, PanAmSat (NYSE:PA) is a leading
global provider of video, broadcasting and network distribution and
delivery services. In total, the Company's in-orbit fleet is
capable of reaching over 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. For more information, visit the
Company's web site at http://www.panamsat.com/. DATASOURCE:
PanAmSat CONTACT: Kathryn Lancioni of PanAmSat, +1-203-210-8649 Web
site: http://www.panamsat.com/
Copyright
Panamsat (NYSE:PA)
Historical Stock Chart
From Jul 2024 to Jul 2024
Panamsat (NYSE:PA)
Historical Stock Chart
From Jul 2023 to Jul 2024