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MEDIA
Michael Eisner's Vuguru and Rogers Media Strike Investment and Distribution Deal Studio to Ramp Up Production to 30 Self-Financed Series Per Year
LOS ANGELES - Michael Eisner's new media studio, Vuguru,
has secured an investment and distribution partnership with Canada's Rogers
Media, the two companies announced today. Vuguru, which previously operated
inside of The Tornante Company LLC, will become a stand-alone entity as part
of the deal, effective immediately. Michael Eisner will serve as Chairman of
the newly-formed company's Board of Directors. Rogers and Vuguru have also
entered into a long-term distribution agreement for the exclusive Canadian
rights to future Vuguru projects.
The financial and distribution guarantee ensures that Vuguru will remain
at the forefront of the ever-evolving business of original new media content.
To maintain the steady growth and success that Vuguru has achieved since its
inception in late 2006, the company plans to significantly increase the
number of annual productions to 30 series a year, while it continues to work
with brand sponsors and distribution platforms to meet their programming
goals. Vuguru will also continue to seek out and leverage the international
and ancillary partnerships that have proven successful in delivering content
to a wide audience.
"This deal not only solidifies Vuguru's position as a leader in the new
media landscape, but it also allows us to stay true to our creative and
business philosophy of owning and distributing high-quality, story-driven
content," said Michael Eisner. "Rogers is a world-class media organization
and we are excited about the opportunities this relationship presents for
both companies."
"We are thrilled to partner with Michael Eisner's Vuguru team, as they
have a proven track record of making hits and producing innovative,
advertiser-friendly new media content," said Claude Galipeau, Senior Vice
President, Rogers Digital Media. "Audiences are on the move, and we are
following them across platforms and dayparts. This partnership means we can
program Vuguru series exclusively for Rogers customers and advertisers across
our unique range of channels, including broadband web, mobile and cable VOD."
"This deal builds on the Rogers' legacy of innovation. Our company is
always looking to expand the content choices, regardless of platform, for our
customers," added Melinda Rogers, Senior Vice President, Strategy and
Development, Rogers Communications.
In the months ahead Vuguru will launch Prom Queen: The Homecoming, the
next installment in the hit Prom Queen franchise; The Booth at the End, a new
psychological thriller created by Internet-savvy writer Christopher Kubasik
and helmed by veteran television director Jessica Landaw; and Pretty Tough,
an adaptation of a successful young adult novel from accomplished television
writer and producer Liz Tigelaar. The 2010 slate is expected to include 10-15
new series.
Launched by The Tornante Company in late 2006, Vuguru produces and
distributes innovative story-driven content for new media platforms. It has
been a leader in original online content since it released the 2007 smash
success, Prom Queen. Following the success of Prom Queen, Vuguru created The
All-For-Nots, a scripted mockumentary that followed the misadventures of an
indie rock band as they traveled across the U.S. on an ill-conceived and
underfunded tour. In another first for the Internet, Vuguru distributed the
300 minutes of content simultaneously via the Internet, mobile phones and
cable-TV. Vuguru next bridged the worlds of publishing and new media by
producing Foreign Body, a prequel web-series released in advance of
best-selling author Robin Cook's latest novel. Vuguru's Sports Emmy-nominated
series Back on Topps, the comedic story of two brothers making their way in
the sports world, was sold to Comedy Central and is currently in development
as a television pilot.
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