ValCom Monetizing On Library Content By Cashing In
CLEARWATER, Fla., Aug. 25, 2011 /PRNewswire/ -- ValCom, Inc. (VLCO.PK) announced today that it has closed on agreements to license content from its film and video library with three national broadcasters.
Agreements have been signed with Weigel Broadcasting, The Soul of the South Network and The Angel 2 Network (Dish Network Channel 266). The 3 agreements provide the broadcast rights for over 100 films and television series.
The contracts represent six figures in net income to ValCom. ValCom will be receiving cash payments for the content. The networks will begin broadcasting the films and programs in September.
"These agreements are the beginning of something big for ValCom!" stated Vince Vellardita, President and CEO of ValCom. "We've been implementing a plan to derive revenue from the video and audio content we own. We're working on deals both domestically and internationally."ValCom recently made announcements pertaining to the audio portion of the library where it will be releasing a single of Ike and Tina Turner on iTunes, and where it is working with Universal to release a Platters Golden Anniversary album. For further company information, please text VLCO to 90210 About ValCom, Inc. Based in Clearwater, FL, ValCom, Inc. is a diversified, fully integrated, independent entertainment company that has been in operation since 1983. ValCom, Inc., through its operating divisions and subsidiaries, creates and operates full service facilities that accommodate film, television and commercial productions with its four divisions comprised of television and film production, broadcasting (My Family TV Network), distribution, and live theatre. ValCom's client list consists of all of the majors such as MGM, Paramount Pictures, Warner Bros, Disney, CBS, Sony, NBC, Phantom of the Opera, HSN, and more. For more information, please visit the company's website at www.valcom.tv Note About Forward-Looking Statements
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