LOS ANGELES, Nov. 6, 2013 /CNW/ - MeeMee Media, Inc. (the "Company" or
"MeeMee") (OTCQB:MEME) Executive Chairman, Martin Doane, announced
today that its Brazilian digital content developer, Vida Media, LLC
("Vida Media") has signed a business development agreement with
BabyFirst, the world's leading baby-focused media and merchandising
company. Through this deal, Vida Media will assist BabyFirst to secure
cable, broadband, mobile, Video on Demand (VOD) and Over the Top (OTT)
programming carriage deals with various distribution partners in
Brazil. Vida Media will also assist in merchandising and sponsorship
efforts. Vida Media will receive ongoing revenues from the deals it
develops for BabyFirst in Brazil.
Recently MeeMee announced an agreement with Vida Media under which
Vida's principals, media industry veterans, Peter Heumiller and Karl
Loriega, became Senior Consultant Executives in MeeMee's content
division, and key members of MeeMee's strategy group. Vida's business
plan is expected to form the basis of MeeMee's new video content
division. Vida develops entertaining educational ("edutainment") video
content for the Brazilian market in dozens of categories, constructed
as branded, multi-platform lifestyle channels that drive commerce.
Doane added: "The BabyFirst deal further confirms that Vida can develop
major digital content business in Brazil for MeeMee and deliver on the
Company's strategy of enriching the content pipeline of our other
planned acquisition, a leading mobile content and services company in
Brazil, and taking advantage of its massive distribution platform which
reaches over 700 million cellular subscribers in 18 countries
throughout Latin America ("Mobile Co."). We believe it also provides a
key piece for our planned mobile marketing and advertising business,
which we intend to launch immediately after completion of the Mobile
Co. transaction. Moreover, Peter and Karl add tremendous strength to
our leadership team."
Peter Heumiller of Vida Media commented on the BabyFirst deal:
"BabyFirst is the world's leading and most respected baby-focused media
and educational merchandise brand and its linear network and digital
content offerings are now available in over 81 Million homes worldwide.
It is a brand and content that parents, especially new moms, have come
to trust. Brazil has a young population with many new families and we
feel the brand and programming is perfect for the region. We are
honored that BabyFirst has recognized our connections in Brazil and
selected us to lead their growth efforts in the region."
BabyFirst's CEO, Guy Oranim, added: "Brazil is a major focus of growth
for BabyFirst. There is a large new middle class of consumers and many
new families emerging. BabyFirst will localize our content into native
Brazilian Portuguese programming to capture this audience. Karl and
Peter have impressed us with their deep distribution partnerships and
market intelligence and they are already bringing us deals. We look
forward to continuing and growing our relationship with Vida Media and
building a thriving Brazilian business together."
About MeeMee Media Inc: Headquartered in Los Angeles, CA, MeeMee
continues to work towards completion of its previously announced deal
to acquire 100% of one of Latin America's leading mobile content
companies. MeeMee intends to use the Latin American mobile platform as
a launch pad for building a US based global-scale digital
entertainment, advertising and marketing enterprise. MeeMee's
development strategy combines organic growth initiatives with targeted
acquisitions in strategic markets and industry verticals around the
world with a current focus on opportunities in the Americas.
Forward-Looking Statements. This press release contains "forward-looking
statements." These forward-looking statements are identified by, among
other things, the words "anticipates", "believes", "intends",
"expects", "plans", "projects", "thinks" and similar expressions.
Although the forward-looking statements in this release reflect the
good faith judgment of management, forward-looking statements are
inherently subject to known and unknown risks and uncertainties that
may cause actual results to be materially different from those
discussed in these forward-looking statements. Readers are urged to
carefully review and consider the various disclosures made by us in the
our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties
of the risks that may affect our business, financial condition, results
of operation and cash flows. If one or more of these risks or
uncertainties materialize, or if the underlying assumptions prove
incorrect, our actual results may vary materially from those expected
or projected. Readers are urged not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release. Additionally, the completion of our planned acquisition of
Vida Media and Mobile Co. are both subject to numerous conditions many
of which are outside of our control. We cannot provide any assurances
that the Company will be able to complete our planned acquisition of
Vida Media or Mobile Co. We assume no obligation to update any
forward-looking statements in order to reflect any event or
circumstance that may arise after the date of this release.
SOURCE: MeeMee Media Inc.
For further information:
Martin Doane at firstname.lastname@example.org or email@example.com.