VeneMovies Celebrates Its First Anniversary Attaining Success and Expanding Its Distribution

VeneMovies Celebrates Its First Anniversary Attaining Success and Expanding Its Distribution



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Miami, FL–(HISPANIC PR WIRE – BUSINESS WIRE)–September 20, 2007–This month of September, VeneMovies, the 24-hour movie channel of Spanish-language films on Pay-TV, celebrates a year of being on air in the United States and Puerto Rico. Launched 12 months ago by Venevision International, an entertainment company part of the Cisneros Group, VeneMovies has increased its distribution in the U.S., as well as in Puerto Rico, through Comcast, Cablevision, Cox, OneLink Communications and Liberty; and is currently in the final stages of negotiations with other operators to increase its transmission in the immediate future.

Venevision International, the top Spanish-language film distributor in the U.S., recognized the need in the Hispanic market to generate a high quality film outlet for Pay TV, while simultaneously exploiting the largest library of movies, from Latin America and Spain, originally produced in Spanish. From this venture, VeneMovies is born, with more that 200 films programmed per year, 24 hours a day with no commercial breaks, offering the largest collection of contemporary films, an award-winning line-up of movies recognized by the most prestigious film festivals around the world.

Luis Villanueva, President of Venevision International, expressed his satisfaction with the progress of the channel during its first year of operation: “At Venevision International, we are celebrating the extraordinary reception given to VeneMovies by the television audience and cable companies. We have experienced an accelerated growth during this first year, and we are determined to provide our viewers with only the best Spanish-language films, from the most comprehensive catalog of current Latin films available in the market. We are proud of our operations team, which has been able to produce a high-quality broadcast with an on-air look that meets and supersedes the norm of this competitive market; there is nothing more for us to say other than we take pride in enjoying something that is made in the United States for the Hispanic market, thinking of them and our commitment to support our art, our film industry, and our artists.”

VeneMovies also offers two elements that differentiate it: its ‘Video On Demand’ (VOD) service, offering 20 hours a month of star-studded award-winning films, and its portal: http://www.venemovies.com, which provides current information of the international film festivals that set the beat of the industry; detailed information of its programming schedule, trailers, and synopsis; in addition to a daily newsletter that is sent out to all subscribers.

VeneMovies was the logical expansion of the work already done by the company in introducing and promoting Spanish-language films through other outlets, such as home video, pay-per-view, theatrical and broadcast television, and as part of its growth and diversification strategy, Venevision International is currently working on launching other channels to fortify its presence in the U.S. Latin and Puerto Rico markets.

http://www.venemovies.com

ABOUT VENEMOVIES: VeneMovies, a Venevision International company, is a Pay-TV channel, offering the best in quality and contemporary films originally produced in Spanish, 24 hours a day with no commercial breaks. Its mission is to provide enthusiasts of original Spanish-language movies and independent foreign films with the best productions from Mexico, Argentina, Chile, Colombia, Peru, Spain, Venezuela, and other Latin countries.

http://www.venevisioninternational.com

ABOUT VENEVISION INTERNATIONAL: Venevision International is an entertainment company part of the Cisneros Group with more than 30 years in the market. Its projects are part of the business development strategy designed by Gustavo Cisneros, Chairman and CEO of the Cisneros Group of Companies. Venevision International distributes television programming throughout the world and is one of the largest independent producers of television programs in Spanish. The company also distributes films in Spanish for theater, pay-per-view, home video, paid and free television in the United States, where it broadcasts its movie channel, VeneMovies. Venevision International also does business in the international arena of music with its record label, Vene Music, and Siente Music; audiobooks through its company FonoLibro; and mobile entertainment with Venemobile and LatCel. The company is also a pioneer in the area of “product integration” through Synapsys International.

VeneMovies Celebrates Its First Anniversary Attaining Success and Expanding Its Distribution