Deal Includes VOD, Wireless, and Internet
Universal City, CA – (July 29, 2010) Camelot Entertainment Group, Inc. (OTCBB: CMGRD) (“Camelot”) announced today that Camelot Distribution Group (”CDG”) has entered into an agreement on selected titles for Video on Demand (“VOD”), Wireless, and Internet distribution in North America with Gravitas Ventures, LLC.
“In order to keep up with the evolving technology, distribution needs to keep reinventing itself,” commented Camelot President of Distribution Jamie Thompson. “The wave of the future is digital distribution. Consumers want everything at their fingertips, including entertainment. We have become a society of convenience, thus being able to download a film to a television, mobile device, or computer just makes the product readily available now.“
Michael Murphy, Senior Vice President of Gravitas Ventures, commenting on the deal noted that “We’re excited to be working with Camelot because they’re acquiring commercial content. I’m confident that our distribution capabilities coupled with their content will be a winning collaboration.”
Gravitas Ventures specializes in the aggregation of entertainment content for worldwide distribution via established and evolving platforms in the cable VOD, broadband, mobile and airline/hospitality industries. The company connects independent filmmakers, production companies, and distributors to leading cable, satellite, telco and online distribution partners.
CDG handles worldwide sales to global distributors, acquiring a wide range of entertaining content.