MTV Networks sold its 53 percent stake in MTV Russia for $360 million to Prof-media, a Russian media holding firm. Prof-media will pay MTV Networks for a license to run the network, which was started in 1998 with the aid of private equity firm, Russia Partners.
The Hubble Lens has been licensed to Bushnell Outdoor Products, for a new line of Tasco brand digital cameras for the European Middle Eastern and South African markets. The cameras will debut in June 2007 in specialty stores, Internet/direct mail catalogs, and mass retailers.
LDI, which has the licensing rights for The Teenage Mutant Ninja Turtles, organized a major event to mark the launch of TMNT, the new animated Turtles movie, in Israel. More than 500 people attended a special preview screening of the film for licensees and their families.
The England and Wales Cricket Board Limited, in a deal brokered by Copyright Promotions Sport, signed BrandCo Management Ltd. as the official licensing partner for England Cricket Official Supporter Apparel and Headwear.