SALE OF MODERN ENTERTAINMENT MOVIE RIGHTS
Modern Times Group MTG AB, the international entertainment-broadcasting group, today announced that it has signed an agreement to sell the majority of Modern Entertainment’s movie title rights to Lions Gate Entertainment for an undisclosed consideration. MTG has also announced its intention to close down the Modern Entertainment business in due course. This will have little impact on MTG’s financial results moving forward.Modern Entertainment licenses film rights to theatrical and DVD distributors, broadcasters and cable networks around the world. Modern Entertainment is based in Los