City Telecom (H.K.) Limited ("City Telecom") (HKSE:1137)
(Nasdaq:CTEL) today held a Groundbreaking Ceremony for its TV &
Multimedia Production Centre ("The Centre") located in Tseung Kwan
O Industrial Estate. Artistes including Ms. Maggie Cheung, Mr.
Felix Wong, Mr. Frankie Lam, Ms. Bernice Liu, Ms. Prudence Liew,
Mr. John Chiang, Mr. Yuen Wah, Ms. Leila Tong, Ms. Lisa Lui, Mr.
Kelvin Kwan, Mr. Felix Lok, Ms. Maria Chen, Ms. Rain Lau, and
emcees Ms. Catherine Chow and Mr. Benji Chiang attended to show
their support.
Since submitting our application for the Domestic Free TV
Service License in December 2009, City Telecom has been
aggressively preparing to become a new TV station in Hong Kong. In
August 2011, we were granted by the HKSAR Government a piece of
land in Tseung Kwan O to build our TV & Multimedia Production
Centre. To restore healthy development of the TV industry in Hong
Kong, we have invited hundreds of elites from TV industry to join
our cause, creating the strongest team in town. We aim to elevate
the quality Hong Kong produced dramas to unseen standards,
delivering a higher quality alternative for Hong Kong's TV
audience.
Highlights of Our TV & Multimedia Production
Centre
City Telecom will invest HK$600 million to build a TV &
Multimedia Production Centre with a total estimated gross floor
area of approximately 300,000 square ft. on 219,670 square ft. land
(equivalent to 33 football fields) at Tseung Kwan O Industrial
Estate. The Centre is expected to go into full operation during
2014.
1. The Centre will consist of an 18,000 square ft. studio, which
is the largest in Asia, 3 drama studios, 3 multipurpose studios and
1 news studio, equipped with Super High-definition shooting
facilities. Our post-production suite will also possess 3D
production facilities.
2. Uniquely, our Centre will be an open platform to welcome the
public into our production process, with an aim of inspiring next
generation's interest in the TV industry. The public, academic
sector and different organizations will be welcomed to observe our
shooting process via the glass bottom overpass above the studio, as
well as viewing our make-up studio and props workshop, to gain
immersion in the full experience of TV Drama production.
Dream Team of Artistes, Production and Script Writers -
Ready to Deliver Dramas that will Captivate the
Audience
Since 2011, we have been aggressive in forming the dream team of
artistes, production and script writers. We currently have 180
production and script writers, whom have been responsible for many
of the most renowned drama series in recent years. In addition, our
rapidly growing artiste pool is now over 140 artistes, including
top-tier and veteran actors.
The team is committed to serve the public, refreshing the
audience with high quality dramas of diversified grass roots
themes. Our first release will be a refreshing youth musical,
casting artistes with outstanding singing, performing & dancing
techniques. In parallel, we are working on over 10 scripts that
will be ready for airing by the end of this year. We will invest
heavily in the production quality and return to real location
shooting, rather than the stale in-studio norm that has developed
over time.
Further, we aim to excite the Hong Kong TV industry with the
introduction of 3D and other high-tech elements. Legacy TV stations
are constrained by traditional over-the-air TV transmission medium.
We will breakthrough these limitations by transmitting over our
self-built fibre network that supports sufficient bandwidth and
connects to the existing broadcasting systems in buildings that
will take the home TV experience to new levels.
Nurturing Hong Kong's Next Generation of
Talents
One of our primary missions in setting up a new TV station is to
enhance the quality of locally produced TV programs and nurture
Hong Kong back into the leading position in the Asian TV industry.
Faced with a talent gap, we have already launched courses to train
up new artistes and backstage talents. University recruitment talks
are now ongoing in the 8 universities in Hong Kong, the Hong Kong
Institute of Vocational Education and the Hong Kong Academic of
Performing Arts, with onsite selection process to attract young
talents with potential. (For details, please refer to
www.ctihk.tv/recruit)
Future Objectives
At commencement, we will broadcast 12 channels, of which 2 will
be self-produced channels, 4 will be turn-around channels and the
remaining 6 will be partnership channels. We will increase the
number of channels to 20 in 3 years, including additional 2
self-produced channels, 8 turn-around channels and 10 partnership
channels.
We target to produce drama totaling 260 hours in 2012 and 650
hours in 2013 for broadcasting at prime time at night. We will also
produce informative and entertainment variety shows, totaling 104
hours in 2012 and 520 hours in 2013.
"TV entertainment is an essential daily entertainment for the
public, which is also an important channel for cultural heritage.
Other than producing entertaining dramas and TV programs, we see
corporate social responsibility as an important task: to enhance
positive mentality in the community, to cultivate creativity
consistently, to nurture Talents, to produce quality TV programs
and to enhance TV Talents' remuneration level. We hope that with
our existence, TV programs will be more worth-watching and the
society will be growing more healthily," Chairman of City Telecom,
Mr. Ricky Wong said.
About City Telecom/ Hong Kong Broadband Network
Limited
Established in 1992, City Telecom (H.K.) Limited (HKSE:1137)
(Nasdaq:CTEL) provides integrated telecommunications services in
Hong Kong via its own self-built fiber network. City Telecom's
wholly-owned subsidiary, Hong Kong Broadband Network Limited
(HKBN), is the fastest growing broadband service provider in Hong
Kong. HKBN offers a diversified portfolio of innovative products
that service over 1,240,000 subscriptions for broadband, local
telephony and IP-TV. The Company has built a solid market position
with top-of-the-line applications and practices enabling its
substantial growth. The company takes great pride in developing its
over 3,000 Talent force into a competitive advantage. Additional
information on City Telecom can be found at
www.ctigroup.com.hk.
CONTACT: Corporate Communications
Jessie Cheng
Tel: +852 3145 4118
Fax: +852 2199 8372
Email: chengcm@ctihk.com
Investor Engagement
Peggy Chan
Tel: +852 3145 6068
Fax: +852 2199 8655
Email: investor_engagement@ctihk.com
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