07:52:47 EDT Fri 19 Apr 2024
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or Name
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Network Media Group Inc
Symbol NTE
Shares Issued 72,655,371
Close 2018-03-23 C$ 0.185
Market Cap C$ 13,441,244
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Network Media forms JV with John Varvatos

2018-03-23 10:07 ET - News Release

An anonymous director reports

NETWORK ENTERTAINMENT ANNOUNCES JOINT VENTURE WITH FASHION ICON JOHN VARVATOS TO PRODUCE PREMIUM CONTENT

Network Media Group Inc. and Network Entertainment Inc. have formed a joint venture with legendary menswear designer and global entrepreneur John Varvatos to create original content for television and film focusing on the worlds of music, fashion and pop culture. Mr. Varvatos is now expanding his brand, John Varvatos Ent., into filmed entertainment and related products in this collective with acclaimed producer Derik Murray and his company Network Entertainment. The mission of the partnership is to create premium content that will be distributed globally on multiple platforms and will be designed to feature complementary merchandising, publishing, sponsorship and special event opportunities.

"My lifelong passion with music, and the eclectic style of the many artists I admire, was the catalyst for my interest in fashion, and my love of film and photography is a natural extension of my spirit of creativity," stated Mr. Varvatos. "The opportunity to partner with Derik Murray in creating and delivering unparalleled content to a global audience ensures that our collaborations will be crafted with superior quality that is the hallmark of Network Entertainment's work, which in turn delivers the foundation to co-create works of lasting importance that speak directly to my ambitions."

Since launching his brand in 2000 after beginning his career with stints at Ralph Lauren and Calvin Klein, Mr. Varvatos has carved out an influential place in the landscape of American design. With a brand that now encompasses an entire lifestyle, from clothing to jewellry, fragrance and beyond, he has been recognized multiple times as Designer of the Year from the most prestigious fashion organizations of the world, including the Council of Fashion Designers of America and GQ. In addition to being the founder and chief creative officer of John Varvatos Ent., Mr. Varvatos continues to pursue his love of music, most illustrated by the founding of John Varvatos Records in 2014 along with co-hosting the annual LOVE ROCKS NYC!, a benefit concert for New York-based God's Love We Deliver.

Mr. Varvatos infuses all of his work with creative spirit and intrinsic edge that has elevated his collections, which includes a sensibility perfectly aligned with award-winning filmmaker and Network founder and chief executive officer, Derik Murray, as they embark on this collaboration. Mr. Murray will bring his brand of iconic storytelling to the partnership, which has inspired Network's roster of films on the world's most celebrated icons that consistently sets record ratings and has been recognized by the most prestigious bodies in the industry, including the Academy Awards and the Emmys.

"John Varvatos's artistic and cultural sensibility is deeply rooted in music, freedom of expression and old world quality, which he has harnessed in the formation of a global menswear brand with a DNA that is an authentic extension of John's creativity," added Mr. Murray. "The opportunity to collaborate with John Varvatos has quickly inspired a slate of projects in development that we are both excited and honoured to co-create together."

One of the first projects to be developed on the Varvatos and Network Entertainment slate, is a series based upon Mr. Varvatos's bestselling book, John Varvatos: Rock in Fashion. There will be additional announcements for new projects coming soon.

About Network Media Group Inc.

Network Media Group is the parent company of Network Entertainment.

Network Entertainment, founded and headquartered in Vancouver, B.C., produces premium content for global audiences. Network's documentaries and docu-series showcase the lives of the world's most inspiring cultural icons and their endearing legacy.

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