HAMILTON, Bermuda, March 28, 2011 (GLOBE NEWSWIRE) -- Central European Media Enterprises Ltd. ("CME") (Nasdaq:CETV) (Prague Stock Exchange:CETV) today announced that its wholly-owned subsidiary CME Media Pro B.V. has entered into a purchase agreement with an affiliate of Bancroft Private Equity, LLP ("Bancroft"), to acquire 100% of the shares of Bontonfilm a.s. ("Bontonfilm") from Bancroft and minority shareholders. Bontonfilm is a film, home entertainment, digital and television rights distribution company with operations in the Czech Republic and Slovak Republic and a leading market position in each country. The acquisition of Bontonfilm is consistent with CME's strategy to strengthen its position as one of the largest vertically integrated media companies in Central and Eastern Europe producing and distributing audiovisual content for cinema, home entertainment, television and new media.
Central European Media Enterprises Ltd. Agrees To Acquire Bontonfilm A.s., A Leading Content Rights Distribution Company In The Czech Republic And Slovak Republic
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