Intertainment AG — M&A Activity 2000

May 18, 2000

News Details

Ad-hoc | 18 May 2000 08:01

Ad hoc-Service: Intertainment AG filmgroup en

Ad-hoc Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— Ad hoc Announcement by Intertainment AG Intertainment acquires pre-IPO share option of up to 20% in filmgroup filmgroup announces IPO for the beginning of June Munich, May 18, 2000 – Munich-based media group Intertainment AG has acquired the option to purchase up to 20% of the British Internet film distributor filmgroup at pre-IPO conditions. Redbus, a subsidiary of filmgroup, has recently acquired from Intertainment substantial exclusive Video-on-Demand (VoD) and free TV rights limited to the UK. filmgroup is expected to be floated on the London stock exchange at the beginning of June this year. filmgroup plans to be the first British company to deliver a large library of exclusive and non-exclusive films over the Internet by VoD launching in the fourth quarter of this year. Through its web site www.films2.com, users will be able to watch feature films online through the TV, by using a set-top box, a PC or a web enabled TV as interface. Intertainment and filmgroup are also engaged in talks about a joint venture extending their Video-on-Demand business to include the Scandinavian market. Research analysts believe that filmgroup has a “significant first-mover advantage” in the British VoD market. This marks a further step in Intertainment’s Internet distribution strategy following its acquisition of approximately 26% in SightSound.com, the US market leader in Internet-based film distribution. On April 10, 2000 SightSound.com has filed for an IPO, which is also expected in June this year. End of announcement Your Contact at Intertainment: Claudia Wilmans Intertainment AG Widenmayerstrasse 49 80538 Munich Germany tel.: 0049 (89) 21 69 9-0 fax: 0049 (89) 21 69 9-11 e-mail: cwilmans@intertainment.de Ende der Mitteilung