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4-Traders Homepage  >  Equities  >  Nasdaq  >  CTC Media, Inc.    CTCM

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CTC MEDIA : CHANNEL 31 SIGNS AN EXCLUSIVE AGREEMENT WITH PARAMOUNT PICTURES CORPORATION

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07/12/2011 | 11:10am CEST

12.07.2011

Moscow, Russia, 12 July 2011 - CTC Media, Inc. (“CTC Media”) (NASDAQ: CTCM), Russia’s leading independent media company, announces its Channel 31 in Kazakhstan and Paramount Pictures have signed an exclusive two-year agreement that provides Channel 31 with the rights to broadcast a wide range of cinema-related productions by Paramount Pictures.

This is the first ever package deal that Channel 31 has signed with a major US motion-picture company that provides rights to broadcast on an exclusive basis a large number of popular movies across different genres. The package includes blockbusters, such as “Transformers” “Lara Croft: Tomb Raider”, Marvel Studio’s “Iron Man”, DreamWorks Animation’s “Madagascar”, and world cinema classics, such as “Mission: Impossible”, “Saturday Night Fever”, and “Rosemary’s Baby.”

Nurzhan Mukhamedzhanova, General Director of Channel 31, commented: “All major TV channels have exclusive agreements with world-leading motion-picture companies. The signing of such a contract gives us huge competitive advantages and uniquely positions us as the first TV channel in Kazakhstan that has the rights to show the latest productions and the most popular movies from Paramount. We have previously worked directly with Paramount Pictures and other international majors but this exclusive agreement provides additional opportunities.”

Marat Devlet-Kildeyev, Head of the CIS Group of CTC Media, commented: “We have a clear development strategy for our new television format in Kazakhstan, which has been worked out together with Channel 31. Our creative work has resulted in the strengthening of the channel’s market position, which enables us to sign exciting license agreements such as this one with Paramount Pictures. Acquiring movies will diversify our programming grid and give our viewers access to masterpieces of world cinema.”

Hal Richardson, President of Paramount Television and Digital Distribution, commented:“We are extremely pleased to have concluded this deal; offering some of Paramount’s recent and classic films to Channel 31 in Kazakhstan. We look forward to continuing to broaden our successful relationship with our friends at CTC Media.”

About CTC Media, Inc.

CTC Media is a leading independent media company in Russia, with operations throughout Russia and elsewhere in the CIS. It operates three free-to-air television networks in Russia – CTC, Domashny and DTV – as well as Channel 31 in Kazakhstan and TV company in Moldova, with a combined potential audience of over 150 million people. The international pay-TV version of the CTC channel is available in North America, Israel and Germany. CTC Media also owns two TV content production companies, Costafilm and Soho Media. The Company’s common stock is traded on The NASDAQ Global Sel ect Market under the symbol “CTCM”.

For more information on CTC Media, please visit www.ctcmedia.ru

About Channel 31

Channel 31 is headquartered in Almaty in Kazakhstan, and began broadcasting on April 12, 1992. Fr om March 31, 2008, Channel 31 was re-launched in a new entertainment format. TV-radio company Channel 31 and CTC Media entered into an agreement and created a new company, “Channel 31 Group” in 2008. The programming schedules consist mainly of Turkish and Korean series, local production, Hollywood movies, local news programs and certain CTC shows.

For further information, please visit:www.31.kz

About Paramount Pictures Corporation

Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Viacom (NYSE: VIA, VIA.B), a leading content company with prominent and respected film, television and digital entertainment brands. The company's labels include Paramount Pictures, Paramount Vantage, Paramount Classics, Insurge Pictures, MTV Films and Nickelodeon Movies. PPC operations also include Paramount Digital Entertainment, Paramount Famous Productions, Paramount Home Entertainment, Paramount Pictures International, Paramount Licensing Inc., Paramount Studio Group and Paramount Television & Digital Distribution.

CTC Media, Inc.

Investor Relations

Ekaterina Ostrova or

Irina Klimova

Tel: + 7 495 783 3650

ir@ctcmedia.ru

Media Relations

Victoria Bakaeva

Tel: +7 495 785 6347, ext 1210

pr@ctcmedia.ru
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