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Anchor Bay and Fox Sign DVD/VHS Pact

Anchor Bay Ent., IDT Ent.'s home video subsidiary, and Twentieth Century Fox Home Ent. (TCFHE) have entered into a long-term distribution agreement. TCFHE will handle all manufacturing and distribution services for Anchor Bay's entire library of DVD and VHS offerings.

"We reviewed a number of strategic distribution partners, but only Fox offered the quality and range of service that matched our development plans," said Ted Green, ceo of Anchor Bay Ent. "With this agreement, not only does Anchor Bay gain state-of-the-art distribution management systems and additional retail presence, but we also retain control of our sales and marketing."

As part of the agreement, TCFHE will provide Anchor Bay with duplication services, wholesale and direct-to-retail distribution of video products, retail merchandising, state-of-the-art vendor managed inventory systems and customer services, as well as other services.

"Anchor Bay is a perfect fit for us. They have built an excellent reputation and offer compelling products," stated Mike Dunn, president of TCFHE. "We'll use the expertise of our world-class supply chain to aid them in expanding their presence at retail and ultimately, deliver a broader consumer audience for their titles."

A recognized industry leader, Twentieth Century Fox Home Ent. (www.foxhome.com) is the marketing, sales and distribution company for all Fox film and television programming on VHS and DVD as well as video acquisitions and original productions for the U.S. and Canada markets.

Anchor Bay Entertainment (www.anchorbayentertainment.com) is an established leader in the field of home entertainment. In addition to the ever-popular Thomas & Friends collection, the company offers an expansive selection of award-winning, notable theatrical films including "Time Bandits" and "Halloween," classic television programming such as "Three's Company" and "Highlander," the impressive Manga anime line, childrens animation (THE ANIMATED PASSION, THOMAS & FRIENDS, MAD MONSTER PARTY) and chart-topping fitness titles including the "Crunch" and "For Dummies" series. Anchor Bay Entertainment is aggressively developing a wide range of original programs and concepts in addition to licensing existing brands and films.

IDT Entertainment (www.idt.net), a division of IDT Corp., is a vertically integrated entertainment concern that develops, produces and distributes proprietary and licensed entertainment content, with a particular focus on high-quality animation. IDT Ent. consists primarily of the following wholly owned or controlled subsidiaries: Anchor Bay Ent., Digital Production Solutions (DPS), DPS Film Roman, Mainframe Ent., DKP Effects and Manga Ent.

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