LOS ANGELES, Jan. 26, 2015
/PRNewswire/ -- Imagination TV Inc. (OTC Pink: IMTV),
Imagination TV announces today it has signed a Letter of Intent to
acquire RUNWAY®, a Fashion Media and Technology company that owns
RUNWAY® TV and multiple Fashion Magazines.
Included in the acquisition...
The flagship magazine is RUNWAY® (www.runway.net), a printed
quarterly Fashion Magazine. Each issue is a 100,000 print run with
a read through of 350,000 people. The magazine is available at
17,000 locations including Barnes and Noble, Target, Walgreens,
Hastings, Hudson News, Books-a-Million and many others. Readers can
subscribe online for Home Delivery.
RUNWAY® TV (www.runwaytv.com) is a 24/7 Luxury Celebrity Fashion
TV Channel featuring Runway shows, fashion weeks, reality
shows, fashion movies and so much more. It is available on
all digital platforms, including Roku and Google TV which have 17
million users. RUNWAY® TV is on pace to having half a billion
viewers by the end of 2016. Negotiations are also in progress
with major cable providers to bring RUNWAY® TV to households
throughout the US.
RUNWAY® Digital is read by 180,000 people in all digital formats
and is available by subscription. (www.runwaylive.com)
Catwalk Magazine® is a large format local Fashion Magazine,
distributed though luxury hotel chains in their rooms. Currently,
Catwalk is in Los Angeles,
Las Vegas, and Phoenix, with plans to expand to every major
city in the US. (www.catwalkmagazine.com)
RUNWAY® TEEN is a fashion magazine for teenagers around the
world. (www.runwayteen.com)
The company's Facebook page has more than 349,379
likes... www.facebook.com/runway
Also included in the acquisition are eleven U.S. trademarks,
covering each magazine and TV property. There are 180+
foreign trademarks, many of which are licensed to publishers
throughout the world. There are also 60 website URLs.
RUNWAY® Productions is based in Hollywood, California; and Scottsdale, Arizona; and is the production
house for all RUNWAY® properties. The production company houses all
the equipment required to produce the magazine, as well as RUNWAY®
TV.
"The acquisition of RUNWAY® brings technology to Imagination TV,
which we needed to expand onto cable systems," says Imagination
TV's CEO Steven Samblis. "The
RUNWAY® proprietary broadcast system fills all our needs to
broadcast Imagination TV 24/7, across cable TV. Their ad
servers give us the ability to monetize all online and broadcast
properties. RUNWAY® will join us with an incredibly talented
staff of thirty people who will help us with our goal of becoming a
market-leading multimedia company that is the number one choice for
consumers and advertisers."
RUNWAY® is known for its amazing stable of writers which
includes; Eila Mell who wrote the
book "Project Runway" and Nole Marin a judge from America's
Next Top Model.
About Imagination TV Inc.
Imagination TV is a diverse digital media company with a growing
portfolio. Imagination TV delivers integrated digital marketing
solutions, as well as the latest in content marketing, video,
display and mobile advertising solutions, social intelligence and
reporting across all screens. With unmatched local-to-national
reach, Imagination TV is a onestopshop for agencies and brands that
want to effectively and efficiently reach their target audiences on
all screens.
Imagination TV Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are based on the current plans and
expectations of management and are subject to a number of
uncertainties and risks that could significantly affect the
company's current plans and expectations, as well as future results
of operations and financial condition. A more extensive listing of
risks and factors that may affect the company's business prospects
and cause actual results to differ materially from those described
in the forward-looking statements can be found in the reports and
other documents filed by the company with the Securities and
Exchange Commission. The company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
CONTACT:
Imagination TV
+1-323-362-2428, info@myimaginationtv.com
RUNWAY®
pr@runway.net 800-417-1387
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SOURCE Imagination TV Inc.