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NMG Studio responsible for National Media Group's investments in content production, and Star Media announce establishing of a joint venture to make films and series.
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As a result of the transaction, NMG Studio and Star Media will each get a 50% stake in a new company called Star Media Vision that will make films and series for NMG's TV digital resources (including the more.tv platform), as well as for other customers. First projects of the joint venture will come out as early as in 2020.
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Star Media is one of leaders in terms of production and distribution of feature length films and series in the Russian market. Star Media has its own studio stages, equipment and post-production studios, which will allow NMG Studio to considerably increase the production capacities to make content for NMG's assets.
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<b>Olga Paskina, CEO of NMG:</b> "Star Media is one of the largest content producers. Our partnership started a few years ago, when we jointly launched a number of pay channels belonging to the Star Media family. I'm happy that it is becoming more strategic and covering the production of content for our terrestrial channels and the more.tv platform, as well as a number of international projects."
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<b>Vyacheslav Murugov, president of NMG Studio:</b> "Star Media is one of the largest content producers in Russia; they account for more than one national hit. This agreement will allow us to strengthen the production capacities of NMG Studio and increase the amount of high-quality content on the holding company’s channels, and will help us to produce more content for the market as a whole. I'm looking forward to having the first results of this partnership."
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<b>Vladislav Ryashin, general producer of Star Media:</b> "I'm sure that combined creative potentials of Star Media and NMG Studio will open new opportunities for production of successful projects for the domestic market and joint projects with foreign colleagues. We and our partners have very ambitious plans and are looking forward to implementing them."
</p>
NMG Studio responsible for National Media Group's investments in content production, and Star Media announce establishing of a joint venture to make films and series.
</p>
<p>
As a result of the transaction, NMG Studio and Star Media will each get a 50% stake in a new company called Star Media Vision that will make films and series for NMG's TV digital resources (including the more.tv platform), as well as for other customers. First projects of the joint venture will come out as early as in 2020.
</p>
<p>
Star Media is one of leaders in terms of production and distribution of feature length films and series in the Russian market. Star Media has its own studio stages, equipment and post-production studios, which will allow NMG Studio to considerably increase the production capacities to make content for NMG's assets.
</p>
<p>
<b>Olga Paskina, CEO of NMG:</b> "Star Media is one of the largest content producers. Our partnership started a few years ago, when we jointly launched a number of pay channels belonging to the Star Media family. I'm happy that it is becoming more strategic and covering the production of content for our terrestrial channels and the more.tv platform, as well as a number of international projects."
</p>
<p>
<b>Vyacheslav Murugov, president of NMG Studio:</b> "Star Media is one of the largest content producers in Russia; they account for more than one national hit. This agreement will allow us to strengthen the production capacities of NMG Studio and increase the amount of high-quality content on the holding company’s channels, and will help us to produce more content for the market as a whole. I'm looking forward to having the first results of this partnership."
</p>
<p>
<b>Vladislav Ryashin, general producer of Star Media:</b> "I'm sure that combined creative potentials of Star Media and NMG Studio will open new opportunities for production of successful projects for the domestic market and joint projects with foreign colleagues. We and our partners have very ambitious plans and are looking forward to implementing them."
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