Minneapolis, MN. -April 13, 2005- Navarre Corporation (NASDAQ: NAVR) a leading publisher and distributor of a broad range of home entertainment and multimedia software products, has announced that its wholly-owned subsidiary, BCI Eclipse Company, LLC ("BCI"), has renewed and expanded certain exclusive distribution rights to PRIDE FIGHTING CHAMPIONSHIPS' library of Mixed Martial Arts ("MMA") broadcast events.
Under the terms of this agreement, BCI will continue to exclusively promote and distribute the complete line of PRIDE FIGHTING CHAMPIONSHIPS' Mixed Martial Arts broadcast events on DVD throughout the U.S. and Canada for the next five years. This is an expanded renewal of an original three year agreement between the two companies.
BCI will focus its release efforts in several areas. Primarily, BCI will release new PRIDE FC Pay-Per-View broadcast events to DVD. In addition, BCI will re-release older PRIDE FC Pay-Per-View events in multi-event DVD sets and special DVD collector's editions. As part of the new expanded agreement, BCI will also release PRIDE FC special tournament events on DVD as well as the complete line of Bushido Fighting events on DVD. The first DVD products under this new agreement will be released on May 24, 2005, and will include Championship Chaos 2, Total Elimination 2004, and PRIDE FC LEGACY: Five-Event Box Set.
PRIDE FIGHTING CHAMPIONSHIPS is the world's premier MMA league, featuring the finest martial artists in the world in full contact, closed fist competition. The live PRIDE FC events still prove to be a spectacle in Japan, with sell-out arena attendance consistently topping 40,000 spectators. In addition, the U.S. cable and satellite TV Pay-Per-View events have been experiencing a consistent increase in growth over the years. To further boost the popularity of PRIDE FC, plans are in the works to bring live events to the United States for the first time ever. With the recent sanctioning of the sport of mixed martial arts in California, PRIDE FC is looking to bring their events to Southern California in 2005 and establish it as the mecca for MMA in the U.S.
Greg Glass, Sr. VP at BCI, stated, "BCI is thrilled to be continuing our relationship with PRIDE FC. BCI has spent the last four years working hard to develop a fan base for MMA events on DVD. Now that the market is established, we look to take PRIDE FC DVD to the next level of more mainstream popularity, including expanded distribution to both traditional home entertainment retail as well as mass merchant retail."
Glass continued, "PRIDE FC has done a fantastic job in both growing the sport of Mixed Martial Arts and improving the quality of their Pay-Per-View events. Every PRIDE FC PPV event held in Japan is produced with incredible quality and spectacle, and always features the world's finest fighters. There is never a bad PRIDE FC event ??Eevery event is like the Super Bowl of Mixed Martial Arts. PRIDE FC's plans to eventually hold events here in the United States will deliver the sport to a whole new level of popularity."
Yukino Kanda, Executive Vice President, Dream Stage Entertainment, stated, "We're very excited about returning to BCI. They know our product well and it was important to us that our distributor understand PRIDE FC and the sport of mixed martial arts. BCI will place our DVDs in more retail stores than before, making it easier for fans to purchase them, which was also very important to us. There will be many new PRIDE FC DVDs released as well as the re-issue of some older titles that were previously out of print."
Turi Altavilla, Vice President of Production, Dream Stage Entertainment, stated, "We hope that PRIDE FC fans will be very happy with the quality of the DVDs. They deserve the best possible product and they'll find that these DVDs are loaded with special features including backstage footage and bonus fights not seen on the pay per views."
About Navarre Corporation
Navarre Corporation (NASDAQ: NAVR) provides distribution and related services to leading developers and retailers of home entertainment content. The company operates under two business segments; Distribution which includes PC software, video games, CD audio and DVD video; Publishing which includes Encore and BCI Eclipse. Based in California, Encore is a majority-owned subsidiary of Navarre Corporation (NASDAQ: NAVR), and a leading interactive publisher in the PC CD-ROM and videogame markets. As a result of strategic relationships, the company publishes PC titles or compilations in major software categories from productivity to education. BCI Eclipse, based in California, a wholly-owned subsidiary of Navarre Corporation, provides niche DVD video and audio products. Navarre's client-specific delivery systems allow its product lines to be seamlessly distributed to over 18,000 retail locations throughout North America. The Company provides such value-added services as inventory management, Web-based ordering, fulfillment and marketing and EDI customer and vendor interface. Since its founding in 1983, Navarre has built a base of distribution partnerships with a broad base of leading retailers across the mass merchant, music, computer and office specialty, wholesale club and military PX channels, as well as software content developers from all categories of the industry and independent record labels encompassing all musical genres. For more information, please visit the Company's Web site at www.navarre.com.