Playboy Enterprises, Inc. has signed an agreement to exercise the option it obtained two years ago as part of its purchase of the Spice Entertainment Companies, Inc. This option allows the company to
acquire two networks (The Hot Network and The Hot Zone) and the related television assets of Califa Entertainment Group, Inc. In addition, PEI will acquire a third network (Vivid TV) and related
television assets from V.O.D., Inc. (VODI), a separate entity owned by Califa's principals.
These channels will be transitioned to the Spice brand, as an extension of the company's strategy to grow
its domestic television networks, including its Spice portfolio of networks.
In addition, the company has reached an agreement for a 10-year extension of its current output deal with Vivid Video,
Inc. PEI will obtain television rights as well as video-on-demand (VOD) and video streaming rights to take advantage of opportunities that arise as advanced digital technologies proliferate.
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Adam Bernard