02 October 2002 12:06
Devine Entertainment Signs 18 Film Broadcast & Video Distribution Deal With Grandview Castle Entertainment
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CONTACT: Devine Entertainment Corporation
Karen Mah, 416/364-2282
or
H.L. Lanzet, Inc.
Herbert Lanzet/DeeDee Lanzet, 212/888-4570
TORONTO--(BUSINESS WIRE)--Oct. 2, 2002--Devine Entertainment Corporation (TSX:DVN) today announced that it has signed
an 18-film broadcast and video/DVD distribution deal with GrandView Castle Entertainment (GVC) for all eastern European
territories. The one year term of the agreement begins immediately and combines various exclusive and non-exclusive
rights for Devine's Composers', Inventors' and Artists' Specials films for broadcast, video and DVD
sales. GrandView Castle will represent Devine Entertainment's programs in Russia, Poland, Czech Republic, Slovak
Republic, Ukraine, Hungary, Estonia, Slovenia, Croatia, Serbia-Montenegro, Macedonia and the Baltics. Paris based
GrandView Castle Entertainment is a leading distributor in Central and Eastern Europe, Russia and the CIS. GVC
distributes feature films and television programming to cable and terrestrial television broadcasters, handles
theatrical distribution and sells to the home video and DVD market. In addition to Devine Entertainment, GrandView
Castle Entertainment is the exclusive representative for DreamWorks SKG and HBO (for select programs) in Eastern Europe,
Russia and the CIS. GVC's partners include Arthur Goldblatt, a motion picture executive with more than 20 years of
US and international television and film experience and a founder of United Cinemas International Central Europe, and
Jeff Blackman and Laura DeBruce, attorneys with an extensive international media, entertainment, corporate legal and
business affairs experience. David Devine, President and CEO said, "Our relationship with GrandView Castle opens up
a market that heretofore was untapped by us. Their knowledge and expertise in the region will heighten awareness of our
programs and support our future productions. We are very pleased to entrust the distribution of Devine Entertainment
programming to the GrandView Castle team." Jeff Blackman at GrandView Castle said, "We have long been fans of
Devine Entertainment's children's movies and are delighted to have the opportunity to distribute such quality
programming throughout Russia and Central and Eastern Europe." Devine Entertainment Corporation is a five-time Emmy
Award-winning global producer and distributor of children's and family entertainment. The Composers',
Inventors', and Artists' Specials are currently broadcast in over 50 countries. Headquartered in Toronto, the
Company's common shares trade on the Toronto Stock Exchange, trading symbol DVN, and OTC in the U.S. under symbol
DVNNF. The Company's corporate website is www.devine-ent.com . The Toronto Stock Exchange has neither approved nor
disapproved of the information contained herein. This press release may contain forward-looking statements relating to
the future performance of Devine Entertainment Corporation. Forward-looking statements, specifically those concerning
future performance and the achievement of operating profitability are subject to certain risks and uncertainties, and
actual results may differ materially. These risks and uncertainties include the Company's limited operating history
and fluctuations in revenues; market acceptance of the Company's products and services; competition within the film
and entertainment industry and the introduction of new entrants and/or products in the Company's markets; adverse
changes in governmental regulations and policies affecting the film and entertainment industry; product development
risks and risks of technological change; the risk of unanticipated expenses; and other risks and uncertainties all as
described in the disclosure documents filed with securities regulatory authorities in accordance with applicable
securities laws.
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