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Telescene, Partners to Unveil Action Network

November 12, 1997|Bloomberg News

Canada's Telescene Film Group and two production companies said they will invest $200 million in a new TV network that will create action-adventure movies and series to air on the DirecTV satellite service. The Action Adventure Network--formed by Montreal-based Telescene, Richmel Productions and Goodman/Rosen Productions--will be paid an unspecified license fee by Westchester-based Hughes Electronics Inc.'s DirecTV for the right to broadcast the programming, a DirecTV spokesman said. The agreement with DirecTV, which has more than 3 million subscribers, marks the first time in the U.S. that a satellite TV service will broadcast new TV movies before they appear on broadcast, pay television or cable outlets, the partners said.

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