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Videomore Available on iPhone and Android Mobile Platforms(July 18, 2011)
MOSCOW, July 18, 2011 (GLOBE NEWSWIRE) -- CTC Media, Inc. ("CTC Media" or "the Company") (Nasdaq:CTCM), Russia's leading independent media company, announces that as part of the Company's new media initiative to make its content available over multiple platforms and applications, CTC Media's social TV network Videomore (www.videomore.ru) has launched applications for iPhone and Android mobile platforms. The applications are now available for download from the Apple App Store and the Android Market, respectively.
Videomore widget can also be installed on D-Link's popular Boxee digital media player. Its content can also be accessed from various mobile platforms which support the portal's HTML5 format. A Videomore application customized for the iPad is also being developed and is expected to be launched in the near future. It is also expected that Videomore content will be made available on internet-enabled TV sets and most multimedia players by Fall 2011.
At present, while users do benefit from capabilities such as being able to restore previous video sessions, users of Apple's mobile iOS platform can only access the applications in a basic format. Currently, subscribers can search content, play videos and navigate through the website's main sections, such as "Most popular", "Series", "Shows" and "Programs". The more advanced application currently available for Android already includes all of the main services from Videomore, among which are friends' lists, comments, subscriptions to projects and users' personal blogs. In the near future, all social functions, including playlists and video citations, will be available on all major mobile platforms.
Askar Tuganbaev, Internet Project Development Director of CTC Media commented: "Desktop computers do not provide users with the flexible, view anywhere access, that more than 10 million Videomore subscribers demand. Our goal is to please our customers and to make the portal available on a wide range of mobile devices for their convenience. New versions will be upgraded with new features and functionality, enabling users to participate in various social networking activities, while watching videos. We are confident that the variety of applications available will attract more customers to use Videomore, which will also make the process of viewing content more convenient, sociable and entertaining."
About CTC Media, Inc.
CTC Media is a leading independent media company in Russia, with operations throughout Russia and elsewhere in the CIS. It operates three free-to-air television networks in Russia – CTC, Domashny and DTV – as well as Channel 31 in Kazakhstan and TV company in Moldova, with a combined potential audience of over 150 million people. The international pay-TV version of the CTC channel is available in North America, Israel and Germany. CTC Media also owns two TV content production companies, Costafilm and Soho Media. The Company's common stock is traded on The NASDAQ Global Select Market under the symbol "CTCM". For more information on CTC Media, please visit www.ctcmedia.ru.
The CTC Media, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9587
Caution Concerning Forward Looking Statements
Certain statements in this press release that are not based on historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among others, statements regarding availability of content through an iPad designated application, connected TV sets and other multimedia players, statement regarding the launch of some option for mobile users, as well as statement that newly launched applications will contain more additional options and functionality and their ability to attract more customers. These statements reflect the Company's current expectations concerning future results and events. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of CTC Media to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
The potential risks and uncertainties that could cause actual future results to differ from those expressed by forward-looking statements include, among others, the implementation of the Company's own internal sales house structure; depreciation of the value of the Russian ruble compared to the US dollar; changes in the size of the Russian television advertising market; the Company's ability to deliver audience share, particularly in primetime, to its advertisers; free-to-air television remaining a significant advertising forum in Russia; and restrictions on foreign involvement in the Russian television business. These and other risks are described in the "Risk Factors" section of CTC Media's 2010 annual report on Form 10-K filed with the SEC on March 1, 2011 and quarterly report for the first quarter 2011 on Form 10Q filed with the SEC on May 5, 2011.
Other unknown or unpredictable factors could have material adverse effects on CTC Media's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed herein may not occur. You are cautioned not to place undue reliance on these forward-looking statements. CTC Media does not undertake any obligation to publicly update or revise any forward-looking statements because of new information, future events or otherwise.
CONTACT: CTC Media, Inc.
Tel: +7 495 783 3650
or Irina Klimova
Tel: +7 495 981 0740
Tel: +7 495 785 6347, ext 1210
or Anna Zvereva
Tel: +7 495 785 6347, ext 1212
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