Could Playboy HD Be Coming To Dish Network ? See This Press Release
Playboy Enterprises units enter satellite capacity lease
Last Update: 6:18 PM ET Aug 22, 2006
WASHINGTON (MarketWatch) -- Playboy Enterprises Inc. (PLA) said Tuesday it struck a deal to transmit five Playboy television networks to EchoStar satellite television customers beginning in mid October.
The satellite capacity lease agreement was reached Monday between Playboy subsidiaries Playboy Entertainment Group Inc. and Spice Hot Entertainment Inc. and Transponder Encryption Services Corp., a subsidary of EchoStar Communications Corp. (DISH) in Englewood, Colo.
EchoStar serves more than 12 million television customers through its DISH Network.
Chicago-based Playboy Enterprises, publisher of Playboy Magazine, can transmit five of its networks on a non-exclusive basis for three years after transmissions begin, according to a Securities and Exchange Commission filing.
The SEC filing didn't specify how much the deal is worth.
Playboy will get a share of revenue Transponder Encryption Services collects from EchoStar residential customers who buy Playboy programming, subject to the satellite subsidiary getting certain minimum revenue from the networks, the filing said.
More deal details will be included in Playboy's quarterly report to the SEC for the period ending Sept. 30, the filing said.
Playboy shares closed Tuesday at $9.46 each, up 6 cents.
http://www.marketwatch.com/News/Sto...FAD06CF-71D6-45E1-8ADA-78ECC1D0A583}&keyword=
Playboy Enterprises units enter satellite capacity lease
Last Update: 6:18 PM ET Aug 22, 2006
WASHINGTON (MarketWatch) -- Playboy Enterprises Inc. (PLA) said Tuesday it struck a deal to transmit five Playboy television networks to EchoStar satellite television customers beginning in mid October.
The satellite capacity lease agreement was reached Monday between Playboy subsidiaries Playboy Entertainment Group Inc. and Spice Hot Entertainment Inc. and Transponder Encryption Services Corp., a subsidary of EchoStar Communications Corp. (DISH) in Englewood, Colo.
EchoStar serves more than 12 million television customers through its DISH Network.
Chicago-based Playboy Enterprises, publisher of Playboy Magazine, can transmit five of its networks on a non-exclusive basis for three years after transmissions begin, according to a Securities and Exchange Commission filing.
The SEC filing didn't specify how much the deal is worth.
Playboy will get a share of revenue Transponder Encryption Services collects from EchoStar residential customers who buy Playboy programming, subject to the satellite subsidiary getting certain minimum revenue from the networks, the filing said.
More deal details will be included in Playboy's quarterly report to the SEC for the period ending Sept. 30, the filing said.
Playboy shares closed Tuesday at $9.46 each, up 6 cents.
http://www.marketwatch.com/News/Sto...FAD06CF-71D6-45E1-8ADA-78ECC1D0A583}&keyword=