New Frontier Media CEO Discusses F2Q2011 Results – Earnings Call Transcript
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I’ll now turn the call over to the New Frontier Media’s Chief Executive Officer, Michael Weiner.Michael Weiner Thank you, Grant, and good morning, everyone. New Frontier Media continued to execute its long-term strategic plan during the second quarter of fiscal 2011. As part of this effort to advance the strategic plan, we have been focusing our attention on expanding the transactional TV segment’s international footprint. During the reported quarter, we grew our international revenue to $1.4 million, up 75% as compared to the same prior year quarter. The large majority of this revenue has been generated through VOD distribution. We are expanding the international service we provide to include pay-per-view channels and then recently we made several key investments in order to further these efforts. In April, we announced a new transponder agreement allowing us to distribute up to three pay-per-view channels in Latin America. During the completed quarter, we successful launched these channels and are already distributing the pay-per-view channels on the largest system in Mexico and Columbia.
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