MONTREAL, Dec. 7 /CNW Telbec/ - M8 Entertainment Inc. ("M8") a leading
film entertainment company engaged in the production, financing, acquisition,
and worldwide licensing of theatrical feature films, and Blockbuster Inc., a
leading global provider of in-home movie and game entertainment, today
announced the commencement of a comprehensive long-term business arrangement
between the two companies.
"We are very happy to enter into this arrangement with M8," said Matthew
Smith, Senior Vice President Media Development & Studios for Blockbuster. "M8
has produced an exceptional slate of independent theatrical product, and we
welcome the opportunity this deal gives us to benefit from, and to help M8
maintain and enhance, its flow of these high quality theatrical films."
"We are exceedingly pleased with this new business association with
Blockbuster and look forward to a mutually beneficial relationship over the
coming years," said Stewart Hall, President of M8. "As we assemble and go into
production on our next slate of films, it's of great value to know that this
relationship will significantly strengthen the commercial prospects of our
M8 has also entered into agreements to secure the continued employment of
certain officers and other key personnel necessary to the ongoing activities
of the company.
This press release contains forward-looking statements. These statements
are forward-looking as they are based on our current expectations about our
business and the markets we operate in, and on various estimates and
assumptions. Such statements include words such as "anticipate", "believe",
"plan", "estimate", "expect", "intend", "will", "should", "may", and other
similar expressions. Our actual results could materially differ from our
expectations if known or unknown risks affect our business, or if our
estimates or assumptions turn out to be inaccurate. Some factors that could
cause actual results to differ materially from those set forth in the
forward-looking statements are: audience acceptance of our filmed
entertainment, actions of our competitors, cost of production financing, the
loss of key personnel, and our relationship with filmed entertainment content
suppliers and distributors. Other risks and factors that could cause actual
results to differ are described in Management's Discussion and Analysis
("MD&A") for the periods ended December 31, 2005 under the headings "Risk and
Uncertainties". The company undertakes no obligation to publicly update or
revise any forward-looking statements or information, whether as a result of
new information, future events or otherwise.
For further information:
For further information: Devin Cutler, Vice President of Finance and
Controller, (310) 226-8314; Pierre Kurland, Director of Financial Reporting,
(310) 226-8336; www.media8entertainment.com.