New Frontier Media CEO Discusses F2Q2011 Results – Earnings Call Transcript
During the question-and-answer segment, those of you listening via the internet will be able to ask questions. Please submit your questions via e-mail to email@example.com. All information discussed during the conference call is current only as of today or as of the day of the applicable financial results and the company assumes no obligation to update information discussed during this conference call.
During this conference call, management may make forward-looking statements within the meaning of the Safe Harbor provided by the SEC for such statements, including statements regarding the company’s expected financial position and operating results, its business strategy, its financing plans and the outcome of certain contingencies.
These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and should be considered in conjunction with the cautionary statements included in our press release and our most recent reports containing Risk Factors filed with the Securities and Exchange Commission, including our most recently filed Forms 10-Q and 10-K.
I’ll now turn the call over to the New Frontier Media’s Chief Executive Officer, Michael Weiner.Michael WeinerThank 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV