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23/06/2010

Canis Announce Unique Opportunity

An opportunity has arisen to purchase an entertainment channel in the UK market.
Film24 is a free-to-air channel in a strong position (channel 157) on the Sky Digital EPG (UK digital satellite).
The channel has built a loyal brand in the entertainment genre and broadcasts a unique mix of movies, documentaries, film enthusiast quizzes and programming and a range of top quality series from the US.
Whilst the previous operating company is in liquidation the channel does not immediately have to cease broadcasting.
Canis Media has taken over the day to day management of the channel and is helping the owners to look at business options for the future, including;
  • A simple outright sale of this premium EPG position on Sky
  • A rescue package for the channel, which achieved excellent audience ratings
  • A joint venture with a new channel owner in the UK or overseas
Ed Hall, Chief Executive of Canis Media commented: "Film24 and its executive management fought extremely hard in today's tough economic TV climate to build a reputable brand, achieve good audiences and occupy an excellent position on the Sky EPG. We are now able to try and secure a sustainable future for the channel or the EPG position."
Any interested party in the channel will be treated confidentially and in the first instance should contact Jamie Greene of Canis Media on +44 (0)1494 878 078.
(BMcN)
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