| According to a statement issued by America's
third largest media company, China Central Television (CCTV) has agreed
to extend an agreement for Nickelodeon programming for its first dedicated
children’s channel, which debuted in March 2004.
Viacom’s alliance with BTV will produce Chinese language music
and entertainment programming for distribution to BTV’s channels,
as well as to other channels across China and around the world.
Viacom’s second groundbreaking content partnership, this deal follows
the company’s announcement in March of China’s first production
joint venture through Shanghai Media Group (SMG), to create Chinese
language kids programming for distribution in China and abroad.
The Viacom/SMG JV has since moved forward on developing its first
productions, and expects the programming to launch early in 2005.
“Partnerships with Chinese companies are central to our long-term
strategy, and Viacom’s alliances with the two leading regional TV
players – Shanghai Media Group and now Beijing Television – represent
a significant commitment to producing high quality, locally produced
content for audiences in China and around the world,” Redstone said.
The performance of Nickelodeon animation on CCTV’s channel, combined
with the kids programming that will be produced through the JV with
SMG, will allow Viacom to leverage its content expertise to fill
the growing demand for children’s programming in China, Redstone
said.
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