Team Com.
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As of 14:42:20
leading multinational television production and distribution company
(Nasdaq: TMTV); (Neuer Markt:TME), announced today that it anticipates revenue
and earnings for fiscal year ended December 31, 2000, will be below the
Company's prior expectations. The Company noted the financial results may also
be affected by the early adoption of certain new accounting requirements for
television and film companies respective to financial reporting in the United
States.
None of the potential adjustments will affect the Company's current cash
position. Additionally, TEAM will also be reviewing the possibility of canceling
certain long-term contracts for its acquired film libraries to enhance future
earnings. The Company believes that new sales for products initiated by its
corporate sales department made directly to broadcasters and other end users,
may significantly increase cash flow for 2001 and beyond. The exact scope of the
earnings adjustments related to the foregoing has not been quantified as of this
date, though the Company believes they could be significant.
The Company recently announced a commitment from Canadian Imperial Bank of
Commerce (CIBC) for the creation of a $50 million special purpose television
programming fund. TEAM Entertainment also recently announced the launch of 43
hours of primetime drama production, including Final Jeopardy for ABC, MTV's
Live Through This, Animal Planet's Call of the Wild, Lawrence Bender's Anatomy
of a Hate Crime, which debuted January 10 on MTV, and TEAM's newest dramatic
series, Vampire High.
TEAM Communications Group, Inc. (Nasdaq: TMTV);(Neuer Markt:TME) is a leading
multinational production and distribution company specializing in family,
action, adventure and reality-based programming for worldwide distribution. TEAM
Communications Group currently owns and distributes over 4,000 hours of
programming worldwide. The Company also produces a wide variety of programming
for leading U.S. and international broadcasters. TEAM maintains offices in Los
Angeles, London through its TEAM Dandelion Ltd. operations and Munich through
its TEAM Entertainment Germany (GmbH) operations. Its shares trade on NASDAQ-NMS
(TMTV) and on the German Neuer Markt (TME).
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain information included in this news
release (as well as information included in oral statements or other written
statements made or to be made by TEAM Communications Group, Inc.) contains
statements that are forward-looking, such as statements relating to consummation
of the transaction, anticipated future revenues of the companies and success of
current product offerings. Such forward-looking information involves important
risks and uncertainties that could significantly affect anticipated results in
the future and, accordingly, such results may differ materially from those
expressed in any forward-looking statements made by or on behalf of TEAM
Communications Group, Inc. For a description of additional risks and
uncertainties, please refer to TEAM Communications Group, Inc. filings with the
Securities and Exchange Commission, including Forms 10-K and 10-Q.
CONTACT: United States:
TEAM Communications Group, Inc., Los Angeles
Drew S. Levin, 310/312-4400
Fax: 310/312-4401
Gibt es neuere Nachrichten über Team?Das kann ja wohl nicht die Ursache für den Anstieg sein. em 1503
TEAM COMMUNICATIONS GRP - Nasdaq National Market: TMTV
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3:03:25 PM EST - Wednesday, January 31, 2001 - data is delayed at least 15 minutes
em1503
Frankfurt (vwd) - Nach dem "dramatischen Anstieg" vom Vortag bei den Titeln des Filmproduzenten Team Communication, der Händlern zufolge durch den Einstieg von Investmentfonds zustande kam, setzen nun Gewinnmitnahmen ein. Die Gewinne beim Neuer-Markt-Wert am Mittwoch seien unter Rekordumsätzen erreicht worden. Offensichtlich hätten ein bis zwei Fonds das niedrige Kursniveau der Aktie genutzt, um sich zu positionieren. Bis 12.15 Uhr verliert der Titel über 18 Prozent oder 0,80 auf 3,45 EUR.
+++ Michael Fuchs
Wenn überhaupt dann müssen es Ami-Fonds gewesen sein weil bei denen ist es doch losgegangen!
Bei uns sind dann alle auf den fahrenden Zug mit aufgesprungen :-)
Also Fonskäufen da glaube ich nicht so dran,eher Zocher hüben wie drüben!
Wenn da grosse Adressen eingestiegen sind warum bricht der Kurs dann am nächsten Tag wieder so stark ein?
Wenn sich Fonds eindecken dann nicht nur über einen Tag!Oder?
Gruss Mio.
Convention in Las Vegas
LOS ANGELES--(BUSINESS WIRE)--Feb. 8, 2001--
MTV`s First Dramatic Series Proves a Smash Hit in the Global Marketplace with Sales in Over 45 Countries, Easily Covering
TEAM`s Initial Financial Commitment
TEAM International, the worldwide sales of arm of TEAM Communications Group, Inc. (Nasdaq:TMTV) (Neuer Markt:TME)
continues to sign significant licensing agreements for MTV`s Live Through This. The one-hour dramatic series, a first for MTV,
has been licensed to FlexTech in the U.K., AB SAT for all French speaking territories (excluding Quebec), DARO for Eastern
Europe, Turkey, Portugal, Greece, Africa and CIS/Baltics, Holland Media (Filmlux)/Holland and Luxembourg, TV4 Sweden,
and TV2 Denmark. Additional sales include S.P.I. International for Israel and Showtime in the Middle East. Drew S. Levin,
TEAM Chairman and CEO made the announcement today.
"The phenomenal performance of Live Through This in the global marketplace demonstrates how valuable this type of
teen-targeted programming is to Europe and the rest of the world," said TEAM CEO and Chairman Drew Levin. "The fact that
we have within a very short timeframe made sales in over 45 countries and so easily covered our production costs is indicative
of the emphatic response we have received from the international television community on this outstanding dramatic series, "
added Levin. "MTV has proven to be a great partner and we look forward to continuing, successful collaboration with the
world`s premier youth network," concluded Levin.
"Live Through This delivers that coveted teen and young adult demographic to international broadcasters and advertisers by
demonstrating a thorough understanding of the target`s key psychographics," offered Paula Fierman, Co-President of TEAM
International. "We are confident that the enormous success of this series is indicative of the evolving international market and
TEAM stands poised to deliver this type of quality demographic-specific programming in the new millennium," concluded
Fierman.
Live Through This explores what happens when a family reunion is combined with a rock band reunion. Boasting a cast of
talented newcomers and original music written by Graham Nash and performed by Pat Benatar, MTV`s initial 13 one-hour
episodes have received outstanding reviews from the media straight across the board. Live Through This is produced by
Telescene Film Group in association with YTV Canada and TEAM Entertainment. About TEAM Communications Group, Inc.
TEAM Communications Group, Inc. currently owns and distributes over 4,000 hours of programming worldwide, in addition to
producing a wide variety of programming for leading U.S. and international broadcasters. TEAM maintains offices in Los
Angeles, Munich (through its TEAM Entertainment Germany, GmbH) and London (through its TEAM Dandelion). It shares
trade on NASDAQ-NMS (TMTV) and on the German Neuer Markt (TME).
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain
information included in this news release (as well as information included in oral statements or other written statements made or
to be made by TEAM Communications Group, Inc.) contains statements that are forward looking such as statements relating to
consummation of the transaction, anticipated future revenues of the companies and success of current product offerings. Such
forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the
future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or
on behalf of TEAM Communications Group, Inc. For a description of additional risks and uncertainties, please refer to TEAM
Communications Group, Inc. filings with the Securities.