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Rainbow Media, Singapore Interests Invest $20 Million in HD Programming

Authored by Mark Hefflinger on October 17, 2005 - 3:12am.
Cannes, France - Rainbow HD Holdings, a unit of cable TV provider Cablevision's Rainbow Media Holdings, announced on Monday that it has partnered with Singapore-based media firm Mega Media and the Media Development Authority of Singapore, to invest $20 million over three years on the development of high-definition television programs. The content created under the partnership will be jointly owned by the three parties, and will air on Rainbow Media's recently launched VOOM HD Networks, a suite of high-definition TV channels. "We have formed an important alliance today with a strong production partner that will help share the economic burden in bringing quality high definition programming to the world marketplace," said Greg Moyer, co-general manager of VOOM HD Networks. Rainbow Media's other properties include AMC, The Independent Film Channel, Fuse and WE.
tags: Deals | Rainbow Media | Singapore Interests | HD Programming |