Hollywood Classics Network Inc.
HOLLYWOOD CLASSICS NETWORK WILL PROGRAM TO AMERICA’S AFFLUENT POPULATION
Hollywood Classics Network Inc. / Key word(s): Corporate Action 31.03.2011 / 08:31 North Hills, California - (For immediate release) - 31th March 2011. Hollywood Classics Network listed on the Frankfurt Stock Exchange (Ticker symbol - 2CN, WKN - A0X9ZA) introduces an exciting television network that will reach the most affluent segment of the population in America, people 50 years and older now numbering over 75,000,000. This unique segment controls 70% of America's wealth. The programming will feature things of particular interest to this audience. It will be entertaining, informative, exciting and comforting. The timing is perfect as there is such a lack of this type of programming and this audience wants to view quality programs that will enrich their lives and add a new dimension to their viewing habits. There will be lots of celebrities talking about their lives after 50 and how they are enjoying their prime of life. There will be specialists in the areas of finance, travel, health and many other things of importance and interest to this audience. There will be lots of classic movies which are especially appreciated by this audience. Hollywood Classics Network has purchased 400 classic movies as well as episodes of Bonanza and Lucy. They have also purchased a number of TV specials - 'Musical Reunion' featuring stars from the Big Band era, 'Hollywood Then and Now' with a lot of nostalgia information as to how Hollywood has become the entertainment capital of the world. Another purchase has been 39 one-hour episodes of 'America's New Country' with many of the top country music artists in America featured in this series. This programming alone is sufficient for the first year of operation and as all of these movies and TV shows have been purchased outright there will be no licensing fees to be paid. This will greatly improve our profit picture as normally programming represents 40 percent of the network's operating cost. There will be 16 minutes per hour of commercials and the network will be sold out from day one. This means that the network will be profitable right from the beginning. The advertising revenue created by the commercials running on the network will greatly enhance the profitability of the network. This revenue will be shared with the television stations and cable operators that affiliate with the network. There is tremendous interest from these affiliates to carry our programming and enjoy the revenue it produces. In addition to the advertising revenue from the network, added revenue will be earned by products sold from the network's website and E-commerce affiliates. Also, DVDs of the many classic movies aired daily will be offered for sale. Hollywood Classics Network will position itself to become a strong force in a niche market of TV broadcasting in the USA and elsewhere not only through its unique network but also with program content which will appeal to a somewhat currently neglected market, the 50-year-old and over viewer. The network will operate 24 hours per day, seven days per week and will offer its affiliates a total turnkey operation of programming, selling of advertising and revenue sharing. This is tremendously appealing to a television station or cable operator. Hollywood Classics Network promises to offer its viewers a quality of programming that will greatly enhance the lives of its viewers and therefore outstanding growth and revenue for the network. About Hollywood Classics Network Inc. Hollywood Classics Network, Inc. ('HCN' or the 'Company') a Canadian Corporation located in Los Angeles, California is poised to launch an exciting national television network in the U.S.A., Canada, and the UK. HCN, in addition to managing the network, will provide all programming and advertising to its affiliate stations on a 50/50 shared advertising revenue basis. Safe Harbor Statement This release includes forward looking statements, which are based on certain assumptions and reflects management's current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. Press Contacts Paul Webb, Chairman, CEO Hollywood Classics Network 16520 Vintage Street North Hills, CA 91343 Phone: 1-818-832-1890 Fax: 1-818-832-4466 Email: pwebb@hollywoodclassicsnetwork.com Web: www.hollywoodclassicsnetwork.com End of Corporate News --------------------------------------------------------------------- 31.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 117745 31.03.2011
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