Whilst in Dubai, Mr. Redstone, one of the most well-known and well-regarded figures in the global media industry, will meet with top executives at Showtime, the leading Middle Eastern digital satellite pay TV network, of which Viacom is a shareholder.
Viacom has a leading position across a variety of media, such as broadcast and cable television, radio, online and outdoor advertising. It is a market leader in the creation, promotion and distribution of entertainment, news, sports and music. Amongst Viacom's stable of global brands are CBS, MTV, Nickelodeon, VH1 and Paramount Pictures as well as its presence in the Middle East through Showtime. Mr. Redstone has been Chairman of the Board of Viacom since 1987 and Chief Executive Officer since 1996.
"I am thrilled to be back in Dubai," said Mr. Redstone. "It is inspiring to see just how much Dubai has developed in the five years since I was last here. Events such as the Dubai International Film Festival confirm that Dubai is now a major cultural and business center."
He continued, "I am also pleased to meet with my colleagues at Showtime. The Middle Eastern media market is poised to grow substantially as a more liberal media environment, a greater desire for international programming and an excess of liquidity provide great opportunity to networks, programmers and advertisers alike."
Commenting on Mr. Redstone's visit, Peter Einstein, Showtime CEO, said,
"Sumner is undoubtedly one of the true giants of our industry, and I am delighted to welcome him back to Dubai and to the Dubai International Film Festival."
Mr. Redstone's visit coincides with the second annual Dubai International Film Festival for which Showtime is the Official Broadcaster and a Gold sponsor. As part of this unique partnership with DIFF, Showtime has launched a free-to-air 24-hour channel called DIFF TV, which provides comprehensive information and coverage of all the major red carpet events, as well as behind-the-scenes interviews with the actors, producers and directors of the movies being shown during DIFF 2005. Showtime also owns the Hollywood Gala night on December 14, which will be attended by major industry figures, including director David Burke and actor and international ambassador for DIFF Morgan Freeman amongst others.
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Top media industry figure visits Dubai
- United Arab Emirates: Monday, December 12 - 2005 at 11:15
- PRESS RELEASE
Signalling the Gulf Region's growing significance in global media markets, Sumner Redstone, Chairman and Chief Executive Officer of Viacom (NYSE: VIA, VIA.B), will be attending the Dubai International Film Festival.
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Notes and media contacts
About ViacomViacom is a leading global media company, with preeminent positions in broadcast and cable television, radio, outdoor advertising, and online. With programming that appeals to audiences in every demographic category across virtually all media, the Company is a leader in the creation, promotion, and distribution of entertainment, news, sports, music, and comedy. Viacom's well-known brands include CBS, MTV, Nickelodeon, Nick at Nite, VH1, BET, Paramount Pictures, Infinity Broadcasting, Viacom Outdoor, UPN, TV Land, Comedy Central, CMT: Country Music Television, King World, Spike TV, Showtime, Paramount Parks, and Simon & Schuster. More information about Viacom and its businesses is available at www.viacom.com.
Earlier this year, the Company announced it would be separating its businesses into two publicly traded companies, and expects the transaction will likely be completed by the end of 2005. The new Viacom will include MTV Networks (MTV, VH1, Nickelodeon, Nick at Nite, Comedy Central, CMT: Country Music Television, Spike TV, TV Land and many other networks around the world), BET, Paramount Pictures, Paramount Home Entertainment and Famous Music. CBS Corporation will consist of the CBS Television Network, UPN, Infinity Broadcasting, Viacom Outdoor, Viacom Television Stations Group, Paramount Television, King World, Simon & Schuster, Showtime and Paramount Parks.
About Showtime
Showtime Arabia is a leading pay-TV network in the Middle-East and North Africa. It provides 49 channels of mainly international content, with an especially strong offering of first run Hollywood films, due to its exclusive relationships with Disney, Sony, Paramount, Universal and Dreamworks. Showtime owns and operates its own channels including The Movie Channel, TV Land, Nickelodeon, Paramount Comedy Channel and Movietime. Included in its third party channel line-up are such global brands as MTV, CNN, Discovery, the Disney Channel, Cartoon Network and Bloomberg.
The network is owned by Gulf DTH, which is a joint venture of KIPCO and Viacom. KIPCO is Kuwait's largest private sector investment company with more than US$ 15 billion under management. Its portfolio of investments includes around 55 companies, in sectors such as media, telecommunications, financial services, real estate and aviation, throughout the Middle East, North Africa, Europe and the U.S.
Viacom is a leading global media company, with preeminent positions in broadcast and cable television, radio, outdoor advertising, and online. Viacom's well-known brands include CBS, MTV, Nickelodeon, VH1, Paramount Pictures, and Simon & Schuster.
For further information, please contact:
Issued on behalf of Showtime by Citigate
For information contact:
John Hobday / Manash Bhuyan
Citigate
Tel: +971 4 332 8832
Mobile: +971 50 464 8706 / +971 50 841 9631
or
Vida Rizq
PR Manager
Showtime
Tel: 04 367 7026
Posted by Anne-Birte Stensgaard, Senior News EditorMonday, December 12 - 2005 at 11:15 UAE local time (GMT+4)
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This article was updated on Tue Mar 27 2007.
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