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The MGS Agreement also provides that if MGS is granted other rights by the Chinese authorities, either to acquire further air time or to sell further advertisements, it is to notify AMG and to provide AMG with a right of first refusal to exercise such rights within 30 days on the same terms offered to MGS.
Today's announcement is a significant step toward the expansion of our activities in mainland China, and together with MGS we are well positioned to capitalize on the expected growth in China's advertising market.
MGS, which has a joint venture agreement with China International Television (a wholly-owned subsidiary of CCTV) for the production, marketing, and distribution of television programs throughout China, will begin its operations this month with the launch of a weekly special feature film series on CCTV Channel Two, CCTV Channel Eight and other channels.
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- MGR Anna Dravida Munnetra Kazhagam
- MGR N
- MGs on Track
- MGSA alpha
- MGSA beta
- MGSA gamma