TORONTO--(CCNMatthews - October 31, 2006) - JumpTV Inc. (AIM: JTV) (TSX: JTV) (www.jumptv.com), the world's leading broadcaster of ethnic television over the Internet and GloboSat Entertainment LLC, a global entertainment and broadcasting company, announced that they have signed an exclusive Internet-broadcast agreement to offer three top Hindi channels on JumpTV's online television platform in selected territories.
GloboSat Entertainment Networks International is a premier global entertainment and broadcasting company with distribution rights to Sahara One TV, a Hindi general entertainment channel; Sahara Samay, India's premier 24/7 news channel; and Sahara Filmy, India's leading Hindi movie channel.
Kaleil Isaza Tuzman, president and chief executive officer of JumpTV International stated, "Hindi is the fifth most spoken language in the world. The addition of these channels makes it easier for the millions of Hindi speaking people living outside South Asia to remain connected to the television programming they know and love from home."
Kevin Foong, general manager of JumpTV's Asia-Pacific group said, "JumpTV remains focused on securing the global IP rights to top channels in key regions worldwide. The potential for adding more subscribers by making Sahara programming available online is exciting and provides the partners in this agreement an opportunity to profit through a revenue sharing structure."
"Globosat Entertainment is delighted to announce their association with JumpTV in launching our premier channels, Sahara One, Sahara Samay and Sahara Filmy through the World Wide Web (Internet) in territories worldwide covered by the contract. We look forward to a mutually beneficial relationship," said Mr. Adris Chakraborty, director of Globosat Entertainment.
Sudhir Vaishnav, President and CEO, GloboSat, said, "With our state-of-the-art production and broadcast facilities in New York and Toronto, we are able to create local content as per market needs. Our strategic partnerships with DTH, cable, broadband, IPTV, mobile and other platforms spanning across North and South America, Europe and the UK help our broadcast partners to build international presence faster."
Sahara One, Sahara Samay and Sahara Filmy will be priced individually at US$9.95 per month when launched commercially and will likely become part of a future bundle of South Asian channels. Popular programming on these channels include: "Rokkky Mera Naam," an energy-packed stand-up variety show; "...Harr Dil Kuch Kehtaa Hai," a weekly drama series and "Chala Lallan Hero Ban-ne," a 4-hour comedy film show.
The Sahara One, Sahara Samay and Sahara Filmy contracts were signed subsequent to the Company's June 30, 2006 quarter end disclosure. JumpTV now has 230 channels under license.
JumpTV (AIM: JTV) (TSX: JTV) is the world's leading subscription-based broadcaster of ethnic television over the Internet. With over 200 channels from 65+ countries, JumpTV delivers its subscribers full-screen news, sports and entertainment content on a real-time basis from all corners of the globe. JumpTV has subscribers from over 80 countries who view channels on the JumpTV online network via high-speed Internet connections on their home computers, laptops, Internet-enabled televisions and mobile phones.
Certain statements herein may constitute forward-looking statements, including those identified by the expressions "may", "will", "should", "could", "anticipate", "believe", "plan", "estimate", "potential", "expect", "intent" and similar expressions to the extent they relate to the Company or its managements. These statements reflect the Company's current expectations and are based on information currently available to management. These forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risk Factors" contained in the Company's prospectus (admission document) dated August 1, 2006. These forward-looking statements are made as of the date hereof, and the Company assumes no obligation to update or revise them to reflect new events or circumstances.
Contact Information: Lewis Goldberg