New Frontier Media's CEO Discusses F4Q2011 Results - Earnings Call Transcript
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.
Thank you Grant and good morning everyone. New Frontier Media finished fiscal year 2011 with a strong balance sheet and achieved many of its strategic objectives during the fiscal year. Within the transactional TV segment we grew our international revenue from 3.6 million in fiscal 2010 to 5.9 million in fiscal 2011 and significantly expanded our international footprint.We expect this new distribution pipeline to fuel our growth for the coming future. Domestically we have made significant progress with three of the top five cable MSOs to introduce lower priced content offerings. This improved value proposition we feel will have a positive impact on purchases.In addition, we continue to take market share from our competitors by creating innovative and appealing new products. As the economy recovers our increased market share and improved pricing should have a positive impact on our domestic results. Within the film production segment we completed several producer for hire arrangements during the fiscal year and expanded our distribution of mainstream content to DOD customers and other retail markets.
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