Source: New Frontier Media, Inc.
By: Company Press Release
(BOULDER, CO) — New Frontier Media, Inc. (Nasdaq: NOOF – news), a leader in the electronic distribution of adult entertainment, today announced that it has signed a multi-year agreement with Time Warner Cable to provide content for its video- on-demand (“VOD”) services. The initial markets covered by the agreement will include Honolulu, HI, Austin, TX and Tampa/St. Petersburg, FL. Under the terms of the agreement, New Frontier Media intends to provide up to 30 titles per month, 60% of which will be premiere titles, delivered in a VOD-prepped digital library tape (“DLT”) format.
“We’re extremely pleased to be included in Time Warner’s video-on-demand effort. On the heels of our recently signed contract (a multi-year corporate carriage agreement for Pleasure(TM)), this deal underscores Time Warner’s confidence in our technical expertise and the high performance of our quality programming,” stated Ken Boenish, New Frontier Media’s Senior VP of Sales and Marketing.
The technical capability for VOD distribution was deployed late last year by many leading cable operators and represents the next layer of on-demand viewing technology to be placed in the hands of the consumer. VOD enables digital cable consumers to receive entertainment through their set-top boxes and provides virtual VCR functionality including the ability to pause, fast- forward and rewind programming. “Ultimately, this functionality will translate into more control and convenience for Time Warner’s viewers,” added Boenish. New Frontier Media will be working with Time Warner to develop other distribution technologies that they hope will optimize the distribution and program rotation of VOD content, ultimately enhancing the viewing experience of the consumer and maximizing the revenue derived from the adult entertainment category.
ABOUT NEW FRONTIER MEDIA, INC.
New Frontier Media, Inc. is a leader in the electronic distribution of adult entertainment with an unparalleled library of content. Through its television subsidiary, the Company distributes adult entertainment via pay- per-view and subscription cable/satellite video networks. Cable/DBS networks include Pleasure(TM), the most-edited standard available in the category; TeN, The Erotic Network(TM), which incorporates a partial-editing standard and Extasy(TM), the least-edited standard.
Through its Internet subsidiaries, New Frontier Media designs, creates and implements Company-owned subscription/membership-based web sites for the adult Internet consumer markets. It also operates Internet traffic sales and acquisition programs for the adult webmaster community. In addition, the Company serves as a single source for a comprehensive range of high- performance Internet products and services, including transaction processing, dedicated access, web hosting, co-location, e-commerce application development, streaming media, and bandwidth management. New Frontier Media’s network infrastructure enables the delivery of live and on-demand video events to millions of Internet users.
For more information contact Keely Hawk, VP Corporate Communications at (303) 444-0900, extension 145.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of Securities & Exchange Act. The Company intends forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. All statements regarding the Company’s expected financial position and operating results, its business strategy its financing plans and the outcome of any contingencies are forward- looking statements. The forward-looking statements are subject to risks, and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements.
