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Network Entertainment Announces Third Quarter 2017 Financial Results

Fri, 27 Oct 2017 17:15:00 MDT

VANCOUVER, CANADA / TheNewswire / October 27, 2017 – Network Media Group Inc. (TSX: NTE.V) and Network Entertainment Inc. (“Network” or “the Company”) announces the consolidated financial and operating results for the three-month period ended August 31, 2017 (“Q3 2017”). The Company reports a net loss of $307,709 on revenue of $150,454 for Q3 2017.

The Company’s unaudited condensed interim consolidated financial statements for August 31, 2017, and accompanying Management Discussion and Analysis, are available on www.sedar.com under the Company’s profile.

Summarized Consolidated Financial Results for Q3 2017

A significant factor behind the loss posted for Q3 2017 is the relatively low revenues for the period. Due to the Company’s accounting policies, it is only able to record revenues when it delivers a project. During this quarter, the Company was very active on a production and business development front, but the timing was such that deliveries were low this quarter.

“The third quarter was uncommon for the Company in that it did not have any deliveries of its I Am projects, but instead, the Company was heavily engaged in producing and filming its next slate of proprietary productions as well as securing work from other broadcaster which will come into play in fiscal 2018,” said Derik Murray, CEO of the Company. “For the remainder of 2017 and into 2018, the Company expects to deliver on two proprietary productions and will ramp up production activity on up to an additional four I Am projects.”

About Network Media Group/Network Entertainment Inc.

Network is focused on becoming one of the world’s leading developers and producers of entertainment properties for the global marketplace and its worldwide audience. It is the parent company of Network Entertainment Inc., an established television and film production company with an award-winning international reputation. Its productions include the Academy Award shortlisted feature documentary Facing Ali, as well as documentaries on the lives of Bruce Lee, Steve McQueen, Evel Knievel, Johnny Cash, Chris Farley (which set all time ratings records for Spike), JFK Jr. and, most recently, Heath Ledger. The Company recently received the prestigious Realscreen Award in 2017 for Non-Fiction – History/Biographical Series for its documentary series Facing. Network's past projects and current productions can be viewed at www.networkentertainment.ca. For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release contains forward‐looking information and should be read subject to the following cautionary language: To the extent any statements made in this news release contain information that is not historical, these statements are forward‐looking statements and may be forward‐looking information within the meaning of applicable securities laws (collectively, “forward‐looking statements”), and can generally be identified by the use of the words such as "believe", "anticipate", "expect", "intend", "plan", "will", "may" and other similar expressions. These statements are necessarily based upon management’s perceptions, beliefs, assumptions and expectations of historical trends, current conditions and expected future developments, as well as a number of specific factors, estimates and assumptions that, while considered reasonable by management of the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies that could result in the forward-looking information ultimately, perhaps materially, being incorrect. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward‐looking statements. Although Network believes that the expectations reflected in such forward‐looking statements are reasonable, such statements involve risks and uncertainties and undue reliance should not be placed on such statements. All forward‐looking information in this news release involve known and unknown risks, uncertainties and other factors that are beyond the control of the Company and may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward‐looking information. Such risk factors include, but are not limited to, each of the following, as well as those risk factors discussed in the Company’s most recent quarterly Management’s Discussion and Analysis, a copy of which is available on SEDAR at www.sedar.com:

-Fluctuation of the Company’s revenues from quarter to quarter and year to year depending upon sales cycles, consumer demand and the timing of distributor and broadcaster license decisions, as well as the timing of when the proceeds of such licenses meet the Company’s revenue recognition criteria;

-Undue reliance upon a large percentage of revenues from key third-party domestic and international distributors and broadcasters, whose purchase/licensing patterns and own consumer markets may change, having a material impact on the Company’s revenues and future business opportunities. In addition, such third parties may also offer their own products that are competitive with the Company’s products;

-Contracts entered into with third party broadcasters and distributors not being honoured by those third parties, or the payment terms not complied with;

-Overall market demand for the Company’s products, namely documentary films, which may fluctuate depending on public preferences, as well as strength of the home entertainment business and overall economic and market conditions; and

-Disruption of the timing for delivery of the Company’s products to its broadcasters and distributors for reasons including, but not limited to, production schedule changes, availability of production crew, travel disruptions, the personal schedules of key talent, all of which can prolong delivery times, delay the timing of release of the Company’s products to the public and ultimately delay receipt of licensing and broadcasting fees.

These risk factors are not intended to represent a complete list of the factors that could affect the Company and the reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. Forward-looking information is provided for the purpose of giving readers more insight into the Company’s future financial and operational results, based on management’s expectations. Readers are cautioned that the information may not be appropriate for other purposes. The Company disclaims any intention or obligation to update or revise any forward‐looking information, whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.

Network Entertainment and Paramount Network Extend 'I am' Slate with New Four Picture Deal

Thu, 26 Oct 2017 07:20:00 MDT

VANCOUVER, CANADA / TheNewswire / October 26, 2017 – Network Media Group Inc. (TSX: NTE.V) and Network Entertainment Inc. (“Network” or “the Company”) is pleased to announce that it’s critically acclaimed and rating success, the ‘I Am’ series of feature documentaries, will now be showcased on Viacom’s rebranded Paramount Network, which is launching in January, 2018. Based on the stellar performance of the series, Paramount Network is extending its current ‘I Am’ slate deal with Network Entertainment with an additional four films. The ‘I Am’ series debuted to record ratings when it launched in 2012 with ‘I Am Bruce Lee’, and has followed with the documentary features ‘I Am Steve McQueen’, ‘I Am Evel Knievel’, ‘I Am Chris Farley’, ‘I Am JFK, Jr.’, and ‘I Am Heath Ledger’.

“We’re incredibly proud to be making the journey from Spike TV to Paramount Network with our ‘I Am’ series,” said Network Entertainment CEO and Producer/Director Derik Murray, “We are honored to have the opportunity to continue to work with the incredible team at Paramount Network, building together the ‘I Am’ franchise into a series of ongoing films under the banner of one of the most iconic film companies in Hollywood history, which fits perfectly with the theme of the series to tell the stories of the most iconic people in history.”

“Each of the films in Network Entertainment’s ‘I Am’ series is designed and crafted to offer a unique insight into the stories of the world’s most remarkable and inspiring personalities,” adds Jon Slusser, Senior Vice-President, Sports and Multi-Platform Programming, Paramount Network, “We look forward to continuing to bring our audience more of these compelling and entertaining portraits when the series makes its debut on the Paramount Network in 2018.”

About Network Media Group/Network Entertainment Inc.

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties, including the Company not obtaining required TSX Venture Exchange approval of the Transaction and the Transaction not being completed as proposed or at all. These statements are necessarily based upon management’s perceptions, beliefs, assumptions and expectations, as well as a number of specific factors and assumptions that, while considered reasonable by management of the Company as of the date of such statements, are inherently subject to significant uncertainties and contingencies that could result in the forward-looking information ultimately, perhaps materially, being incorrect. All forward‐looking information in this news release involve known and unknown risks, uncertainties and other factors that are beyond the control of the Company and may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward‐looking information. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof.

Network Entertainment Announces Second Quarter 2017 Financial Results

Thu, 27 Jul 2017 16:20:00 MDT

VANCOUVER, CANADA / TheNewswire / July 27, 2017 – Network Media Group Inc. (TSX: NTE.V) and Network Entertainment Inc. (“Network” or “the Company”) today announces the financial results and accompanying management discussion and analysis for the quarter ended May 31, 2017 (“Q2 2017”), which includes revenues of over $2.2 million and net income of $387,276 (income per share of $0.01).

In Q2 2017, Network completed and delivered I Am Heath Ledger, and continued production activity on its next two I Am documentaries based on the lives of Sam Kinison and Martin Luther King Jr. During the same quarter, Network enjoyed critical acclaim for its Facing series produced for National Geographic Channel and was awarded the Realscreen Award for Non-Fiction – History/Biographical Series and the Leo Award for Best Documentary Series, as well as Best Direction and Best Picture Editing in a documentary series.

The Company’s unaudited condensed interim consolidated financial statements for May 31, 2017, and accompanying Management Discussion and Analysis, are available on www.sedar.com under the Company’s profile.

“Network continues to build its production slate and capitalize on the momentum its films and series have generated in the marketplace over the last quarter,” stated C.E.O. Derik Murray, “As well, we welcome the addition of financier and executive producer Frank Anderson to our board, which we anticipate will result in additional opportunities going forward.”

The Company also announces today it has granted incentive stock options to its directors, officers and employees for the right to purchase up to an aggregate of 4,047,000 common shares of the Company. These options are exercisable at a price of $0.14 per share for a term of five years. The terms of the options granted are in accordance with the Company’s Share Option Plan approved by its shareholders on June 9, 2016. The option grants are subject to TSX Venture exchange approval.

About Network Media Group/Network Entertainment Inc.

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

-Contracts entered into with third party broadcasters and distributors not being honoured by those third parties, or the payment terms not complied with;

Frank Anderson Joins Network Board Of Directors

Tue, 18 Jul 2017 07:25:00 MDT

VANCOUVER, CANADA / TheNewswire / July 18, 2017 – Network Media Group Inc. (TSX: NTE.V) and Network Entertainment Inc. (“Network” or “the Company”) is pleased to announce the appointment of Frank Anderson as an independent director of the Company, effective immediately. Mr. Anderson’s appointment expands the board of directors to seven members, four of whom are independent. He will be a member of the Audit Committee.

Mr. Anderson has over 35 years’ experience in the capital markets, 18 years of which he spent as an investment adviser and partner at the largest independent non-bank owned investment firm in Canada, and more recently as President of an independent investment bank. He also has broad experience in the entertainment sector, having worked with various production companies, music labels and talent agencies in both the United States and Canada. He is currently an Executive Producer based in Los Angeles, working in both scripted and unscripted content, and is a partner at JASH, a production company creating branded comedic content for major brands. Mr. Anderson is also on the boards of directors of Lynks Music, an artist management music platform, and Variety for Kids Gala 2017.

“Based in Los Angeles, Frank brings a wealth of experience and strategic relationships that will further amplify Network’s presence in the U.S. marketplace,” said Derik Murray, Chief Executive Officer of the Company. “We are confident he will add great value to our board of directors and that the Company will benefit from his industry experience in both the capital markets and the entertainment sector.”

“I’ve been a fan and admirer of Network’s work for quite some time, and have witnessed the momentum the company has achieved through the critical and popular acclaim their films and television series have received,” added Frank Anderson. “I am highly motivated to join the company at this stage to help further establish their brand of premium programming in the marketplace, and take the company to the next level.”

About Network Media Group/Network Entertainment Inc.

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Network Media Group Announces Election of Directors and Appointment of Officers

Tue, 27 Jun 2017 17:45:00 MDT

VANCOUVER, CANADA / TheNewswire / June 27, 2017 – Network Media Group Inc. (TSX: NTE.V) (“Network” or “the Company”) announces that the six candidates put forward by management for election to the board of directors of the Company, as set out in its management information circular dated May 23, 2017, were duly elected at the annual general meeting of shareholders held today (the “AGM”).

The shareholders were represented in person or by proxy by 15,543,349 common shares, representing 27.79% of the Company’s outstanding common shares.

Immediately following the close of the AGM, the board of directors confirmed the appointment of the Company’s officers, whose names and respective offices are as follows:

Derik Murray Chief Executive Officer

Paul Gertz President & Chief Operating Officer

Darren Battersby Chief Financial Officer

Robert Pirooz Executive Chairman

Alexis Stewart Corporate Secretary

About Network Media Group/Network Entertainment Inc.

Network is focused on becoming one of the world’s leading developers and producers of entertainment properties for the global marketplace and its worldwide audience. It is the parent company of Network Entertainment Inc., an established television and film production company with an award-winning international reputation. Its productions include the Academy Award shortlisted feature documentary Facing Ali, as well as documentaries on the lives of Bruce Lee, Steve McQueen, Evel Knievel, Johnny Cash, Chris Farley and, most recently, JFK Jr. The I Am Chris Farley production, which was released in the summer of 2015, set all time ratings records for Spike. Network's past projects and current productions can be viewed at www.networkentertainment.ca. For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Network Entertainment Wins Realscreen Award for National Geographic Television Series 'FACING'

Mon, 12 Jun 2017 07:00:00 MDT

VANCOUVER, CANADA / TheNewswire / June 12, 2017 – Network Media Group Inc. (TSX: NTE.V) and Network Entertainment Inc. (“Network” or “the Company”) is proud to announce its 2016 documentary series ‘Facing’ (produced for National Geographic) was awarded the prestigious Realscreen Award for Non-Fiction – History/Biographical Series, on Wednesday night at Realscreen West in Los Angeles, California.

The Executive Producers of the series recognized by the Realscreen Awards for their work on the series include Derik Murray and Paul Gertz for Network, and Kevin Tao Mohs and Mike Miller for National Geographic. The ‘Facing’ series features the stories of the world’s most powerful people through the eyes of those who ‘faced’ them, and includes one-hour episodes on Pablo Escobar, Saddam Hussein, Suge Knight, Vladimir Putin and Arnold Schwarzenegger.

Network CEO and producer/co-director of the ‘Facing’ series, Derik Murray, said "Our entire team is very proud of their work on 'Facing', a global television series for National Geographic, and to now be recognized by our esteemed peers is a great honour.”

"The team at Network delivered a superior quality series that showcased some of history’s most legendary figures in a way never seen before, and it is very gratifying to be acknowledged by the Realscreen Awards”, added Executive Producer Kevin Tao Mohs, Vice President, Production and Development at National Geographic Channel.

'Facing' was produced by Network Entertainment for National Geographic Channel. For Network Entertainment, executive producers are Derik Murray and Paul Gertz; series producer is Roderick Bellamy; directors are Adrian Buitenhuis, Steve Burgess, Miro Cernetig, Michael Hamilton and Derik Murray. For National Geographic Channels, executive producers are Michael J. Miller and Kevin Tao Mohs; president, original programming and production is Tim Pastore.

About Network Media Group/Network Entertainment Inc.

Network is focused on becoming one of the world’s leading developers and producers of entertainment properties for the global marketplace and its worldwide audience. It is the parent company of Network Entertainment Inc., an established television and film production company with an award-winning international reputation. Its productions include the Academy Award shortlisted feature documentary Facing Ali, as well as documentaries on the lives of Bruce Lee, Steve McQueen, Evel Knievel, Johnny Cash, Chris Farley and, most recently, JFK Jr. The I Am Chris Farley production, which was released in the summer of 2015, set all time ratings records for Spike. Network's past projects and current productions can be viewed at www.networkentertainment.ca. For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

OR DISSEMINATION IN THE UNTIED STATES

Network Entertainment's "Facing’' Television Series Wins Three Leo Awards Including Best Documentary Series

Tue, 06 Jun 2017 07:00:00 MDT

VANCOUVER, CANADA / TheNewswire / June 6, 2017 – Network Media Group Inc. (TSX: NTE.V) and Network Entertainment Inc. (“Network” or “the Company”) is proud to announce its 2016 documentary series ‘Facing’ (produced by National Geographic) won three Leo Awards over the past weekend: Best Documentary Series - producers Derik Murray, Paul Gertz, Rod Bellamy, Michael Miller, Kevin Tao Mohs, and Ian Kerr; Best Direction in a Documentary Series for the ‘Facing Putin’ episode – directors Derik Murray and Steve Burgess; and Best Picture Editing in a Documentary Series for the 'Facing Putin' episode – editors Eddie Ochmanek and Hart Snider. The ‘Facing’ series tells the story of the world’s most powerful people through the eyes of those who ‘faced’ them, and included one hour episodes on Pablo Escobar, Saddam Hussein, Suge Knight, Vladimir Putin and Arnold Schwarzenegger.

Network CEO and producer/co-director of the ‘Facing’ series, Derik Murray, said "We are proud of our work on 'Facing', a global television series for National Geographic, and our entire team's dedication to consistently deliver quality programming has been honoured by these prestigious awards."

'Facing' was produced by Network Entertainment for National Geographic Channels. For Network Entertainment, executive producers are Derik Murray and Paul Gertz; series producer is Roderick Bellamy; directors are Adrian Buitenhuis, Steve Burgess, Miro Cernetig, Michael Hamilton and Derik Murray. For National Geographic Channels, executive producers are Michael J. Miller and Kevin Tao Mohs; president, original programming and production is Tim Pastore.

About Network Media Group/Network Entertainment Inc.

Network is focused on becoming one of the world’s leading developers and producers of entertainment properties for the global marketplace and its worldwide audience. It is the parent company of Network Entertainment Inc., an established television and film production company with an award-winning international reputation. Its productions include the Academy Award shortlisted feature documentary Facing Ali, as well as documentaries on the lives of Bruce Lee, Steve McQueen, Evel Knievel, Johnny Cash, Chris Farley and, most recently, JFK Jr. The I Am Chris Farley production, which was released in the summer of 2015, set all time ratings records for Spike. Network's past projects and current productions can be viewed at www.networkentertainment.ca. For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Network Entertainment Announces Expanded Role of its President and COO as Development Activities Expand

Wed, 24 May 2017 07:30:00 MDT

VANCOUVER, CANADA / TheNewswire / May 24, 2017 – Network Media Group Inc. (TSX: NTE.V) and Network Entertainment Inc. (“Network” or “the Company”) is pleased to announce that, following the popular and critical acclaim of the Company’s "I Am Heath Ledger", which was showcased at the Tribeca Film Festival in April 2017 and had its World Premiere on Spike TV on May 17th, Network's portfolio of successful "I Am" feature documentaries has expanded to eight films distributed globally with two more currently in production.

In recognition of the success of the "I Am" brand and to maximize commercial potential of Network’s original productions, the Company is pleased to announce the responsibilities of Network's President and COO, Paul Gertz, have been expanded to include Studio Head of Development. In this role, Paul's primary responsibility is to ensure the Company’s development activities are strategically focused and designed to capitalize on the accelerating interest from the world’s leading broadcasters and distributors in Network’s quality work.

Derik Murray, CEO and Founder of Network, notes "Paul’s leadership over the last year, in response to increased demand for premium content and interest shown for Network's documentaries and documentary series, has resulted in a robust slate of development properties with approximately 20 projects being presented to buyers, 8 of which are Iconic documentaries and 12 of which are television series.”

Reflecting on the Company’s development and production strategy, Paul Gertz explains “Network’s practice is to not greenlight a production until partners have been selected and(or) funds equal to a production's budget are sourced and committed. The amount of funds invested at the development stage depends on costs to acquire rights and develop the specific concept, including an assessment of its commercial viability."

Robert Pirooz, Network's Executive Chair, adds “Over the last couple of years the Company has committed to and invested in a disciplined process to not only develop projects on an ongoing basis, but build an inventory of projects and demonstrate that a significant and predictable number will be greenlit and find their way to television and movie screens. This is key to increasing earnings year-over-year and ultimately to superior investment returns for our shareholders. We now have upwards of 20 new projects in inventory, the development costs with respect to which, although tough medicine, I am pleased to report have largely been expensed in prior quarters. I congratulate Network’s team for being able to develop a first-class inventory of projects while at the same time increasing, exponentially, the number of quality films it has produced over the last two years.”

Mr. Pirooz further comments "Paul has always shown success in identifying ideas that anticipate trends and therefore are commercial. Armed with a significant inventory of first-class, highly marketable content, we believe we have a solid foundation for future success and, equally exciting, fans of our films, as well as our shareholders, can expect to enjoy many more entertaining shows and films from our award-winning team.”

About Network Media Group/Network Entertainment Inc.

Network is focused on becoming one of the world’s leading developers and producers of entertainment properties for the global marketplace and its worldwide audience. It is the parent company of Network Entertainment Inc., an established television and film production company with an award-winning international reputation. Its productions include the Academy Award shortlisted feature documentary Facing Ali, as well as documentaries on the lives of Bruce Lee, Steve McQueen, Evel Knievel, Johnny Cash, Chris Farley and, most recently, JFK Jr. The I Am Chris Farley production, which was released in the summer of 2015, set all time ratings records for Spike. Network's past projects and current productions can be viewed at www.networkentertainment.ca. For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release contains statements the Company constitutes “forward‐looking information" under applicable Canadian securities laws and are based on expectations, estimates and projections as of the date of this news release. These statements are necessarily based upon management’s perceptions, beliefs, assumptions and expectations of historical trends, current conditions and expected future developments, as well as a number of specific factors and assumptions that, while considered reasonable by management of the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies that could result in the forward-looking information ultimately, perhaps materially, being incorrect. Specifically, there are forward looking statements contained in this news release relating to the Company’s development activities, and anticipated results of said activities, relating to the marketing and ultimate commercialization of its development projects. These statements rely on assumptions that include the ability of the Company to maintain current efforts in marketing its development projects to potential buyers, an ongoing demand by potential buyers and their consumers for the genre of productions developed by the Company, expectations based on past experience on sales of Network’s documentaries and documentary series.

All forward‐looking information in this news release involve known and unknown risks, uncertainties and other factors that are beyond the control of the Company and may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward‐looking information. Such risk factors include, but are not limited to, each of the following, as well as those risk factors discussed in the Company’s most recent quarterly Management’s Discussion and Analysis, a copy of which is available on SEDAR at www.sedar.com.

- The Company’s ability to capitalize on its development projects will fluctuate depending upon the sales cycles, consumer demand and the timing of distributor and broadcaster license decisions, as well as on the marketing capacity of the Company from time to time;

- The Company is dependent upon key third-party domestic and international distributors and broadcasters whose purchase/licensing patterns and own consumer markets may change, having a material impact on the Company’s future business opportunities;

- The Company is subject to the overall market demand for its products, namely documentary films, which may fluctuate depending on public preferences, as well as strength of the home entertainment business and overall economic and market conditions; and

- The timing for delivery of the Company’s products to its broadcasters and distributors are subject to disruption for reasons including, but not limited to, production schedule changes, availability of production crew, travel disruptions, the personal schedules of key talent, all of which can prolong delivery times, delay the timing of release of the Company’s products to the public and ultimately delay receipt of licensing and broadcasting fees.

These risk factors are not intended to represent a complete list of the factors that could affect the Company and the reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. There can be no assurance that such forward‐looking information will prove to be accurate, as actual results and future events could vary or differ materially from those anticipated in such information. Forward-looking information is provided for the purpose of giving readers more insight into the Company’s future financial and operational results, based on management’s expectations. Readers are cautioned that the information may not be appropriate for other purposes. The Company disclaims any intention or obligation to update or revise any forward‐looking information, whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.

Network entertainment 'facing' television series nominated for 2017 RealScreen awards and Leo awards

Tue, 23 May 2017 12:05:00 MDT

VANCOUVER, CANADA / TheNewswire / May 23, 2017 – Network Media Group Inc. (TSX: NTE.V) and Network Entertainment Inc. (“Network” or “the Company”) is proud to announce its 2016 documentary series ‘Facing’ (produced by National Geographic) has been nominated for a lineup of prestigious awards, including the Realscreen Award for Best Non-Fiction Programming and five Leo Awards including for Best Documentary Series.

Each hour-long episode tackles the myths, legends and truths behind powerful headline-makers, including Pablo Escobar, Saddam Hussein, Suge Knight, Vladimir Putin and Arnold Schwarzenegger. ‘Facing’ premiered in the United States on August 30, 2016, and in Canada on September 4, 2016, followed by a global release in multiple territories on the National Geographic Channel.

Network's founder and CEO, and producer of the ‘Facing’ series, Derik Murray, said "We were thrilled to work with National Geographic on this series and we're excited that our team at Network Entertainment has been recognized in the USA with the prestigious Realscreen nomination, and honored in our hometown of Vancouver by the Leo Awards.”

The series was nominated for a Realscreen award for Best Non-Fiction Programming under the category ‘History/Biographical’, and is nominated in five award categories for the Leo Awards, including Best Documentary Series and under the documentary series category for Best Direction (‘Facing Putin’), Best Cinematography (‘Facing Putin’), Best Picture Editing (‘Facing Escobar’), and Best Picture Editing (‘Facing Putin’).

The Realscreen Awards, which recognize the best in unscripted and non-fiction programming from around the world, will be presented during a ceremony held at the Fairmont Miramar in Santa Monica, California, on June 7, in conjunction with the upcoming Realscreen West conference, which takes place June 6-8.

The 2017 Leo Awards will be held at a Gala Awards Ceremony on Saturday June 3, 2017 at the Hyatt Regency.

‘Facing’ was produced by Network Entertainment for National Geographic Channels. For Network Entertainment, executive producers are Derik Murray and Paul Gertz; series producer is Roderick Bellamy; directors are Adrian Buitenhuis, Steve Burgess, Miro Cernetig, Michael Hamilton and Derik Murray. For National Geographic Channels, executive producers are Michael J. Miller and Kevin Tao Mohs; president, original programming and production is Tim Pastore.

About Network Media Group/Network Entertainment Inc.

Network is focused on becoming one of the world’s leading developers and producers of entertainment properties for the global marketplace and its worldwide audience. It is the parent company of Network Entertainment Inc., an established television and film production company with an award-winning international reputation. Its productions include the Academy Award shortlisted feature documentary Facing Ali, as well as documentaries on the lives of Bruce Lee, Steve McQueen, Evel Knievel, Johnny Cash, Chris Farley and, most recently, JFK Jr. The I Am Chris Farley production, which was released in the summer of 2015, set all time ratings records for Spike. Network's past projects and current productions can be viewed at www.networkentertainment.ca. For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Network Entertainment Announces "Sessions", a Multi-Part, Multi-Season Series Highlighting the Visionary Work of Legendary Photographer and Director Norman Seeff

Thu, 18 May 2017 07:00:00 MDT

VANCOUVER, CANADA / TheNewswire / May 18, 2017 – Network Media Group Inc. (“Network” or “the Company”) (TSX: NTE.V) today announces ‘Sessions’, a multi-part, multi-season television series documenting photographer and director Norman Seeff’s celebrated photo sessions with the world’s most iconic personalities and celebrity subjects from music, movies, sports, TV and comedy, including Tina Turner, Ray Charles, Steve Jobs, Martin Scorsese, John Travolta, Joni Mitchell and more. Derik Murray and Network Entertainment—fresh off the World Premiere of “I Am Heath Ledger” at the Tribeca Film Festival—are developing and will produce the series along with Norman Seeff, who will direct.

As highlighted on a recent episode of 60 Minutes (airdate: April 30, 2017) and reported by Lara Logan, as well as the feature story in Variety this week – http://variety.c om/2017/tv/news/norman—seef-1202427023, Norman Seeff is a world renowned photographer and director who has produced some of the most iconic images of all time. Norman began filming his photo sessions in the early 1970s and kept filming for the next forty years, with each filmed session capturing some of the most celebrated pop culture moments in history along the way. Norman treated each session like an interview with the artist about their loves, lives, challenges, triumphs, and their unique creative process. Decades worth of Seeff’s historic private archives, over 500 filmed sessions, are currently being readied for audiences, who will now get a once in a lifetime chance to bear witness to epic private moments in history with the most important artists that have ever lived.

“Early on I realized that to accomplish the vitality and authenticity I was looking for in my photographs required a new approach” explains Norman Seeff, “So I created the photo session as a laboratory for these iconic artists to explore their creativity, and captured it all on film.”

“From the moment I learned about this one-of-a-kind archive from Norman himself over 20 years ago, it was never far from my consciousness, and I knew it would make for an unprecedented television experience. I cannot wait to share this amazing footage with the world.” adds Derik Murray.

About Network Media Group/Network Entertainment Inc.

Network is focused on becoming one of the world’s leading developers and producers of entertainment properties for the global marketplace and its worldwide audience. It is the parent company of Network Entertainment Inc., an established television and film production company with an award-winning international reputation. Its productions include the Academy Award shortlisted feature documentary Facing Ali, as well as documentaries on the lives of Bruce Lee, Steve McQueen, Evel Knievel, Johnny Cash, Chris Farley and, most recently, JFK Jr. The I Am Chris Farley production, which was released in the summer of 2015, set all time ratings records for Spike. Network's past projects and current productions can be viewed at www.networkentertainment.ca. For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Network Entertainment Announces World Television Premiere of "I Am Heath Ledger" on Spike TV Tonight

Wed, 17 May 2017 07:00:00 MDT

VANCOUVER, CANADA / TheNewswire / May 17, 2017 – Network Media Group Inc. (“Network” or “the Company”) (TSX: NTE.V) is proud to announce the world television premiere in the U.S. of its acclaimed documentary film, ‘I Am Heath Ledger’, on Spike TV tonight, Wednesday, May 17, at 10:00pm ET/PT, after recently finishing a successful run at the Tribeca Film Festival. The film is the latest documentary from Network Entertainment in partnership with Spike on the ‘I Am’ franchise of documentaries on global icons. Following the Spike broadcast, the film will be released on iTunes, Amazon, and several digital platforms, with Blu-ray and DVD releases distributed by Virgil Films on May 23.

“The film is a window into Heath Ledger’s creative genius through his groundbreaking performances in his seminal films ‘Brokeback Mountain’ and ‘The Dark Knight’, and through the lens of his own camera, which captured his incredible journey on set and behind the scenes,” stated producer/co-director Derik Murray, Network CEO, “We learn that Heath had the heart and passion of a true filmmaker, and with each of his films he took one step closer to his ultimate goal of becoming a film director.”

“As with all of our ‘I Am’ documentaries, ‘I Am Heath Ledger’ will give our audience a fresh insight into an iconic personality that continues to resonate with people all over the world,” adds Jon Slusser, Senior Vice President, Sports and Multi-Platform Programming at Spike TV, “Heath’s fans will be overjoyed with the treasure trove of never-before-seen footage of Heath performing in his own personal journey.”

The film is the latest from Network’s founder, critically-acclaimed filmmaker Derik Murray, who has previously brought to the screen the lives of such iconic figures as Muhammad Ali, JFK Jr., Steve McQueen, Chris Farley, Johnny Cash, Bruce Lee and Evel Knievel. Along with Derik Murray, “I Am Heath Ledger” is Co-Directed by Adrian Buitenhuis and Co-Produced by Eric MacDonald. The film is Executive Produced by Paul Gertz, Robert Pirooz and Kent Wingerak. Spike’s Kevin Kay, Jon Slusser, and Jaimee Kosanke also serve as Executive Producers.

About Network Media Group

Network is focused on becoming one of the world’s leading developers and producers of entertainment properties for the global marketplace and its worldwide audience. It is the parent company of Network Entertainment Inc., an established television and film production company with an award-winning international reputation. Its productions include the Academy Award shortlisted feature documentary Facing Ali, as well as documentaries on the lives of Bruce Lee, Steve McQueen, Evel Knievel, Johnny Cash, Chris Farley and, most recently, JFK Jr. The I Am Chris Farley production, which was released in the summer of 2015, set all time ratings records for Spike. Network's past projects and current productions can be viewed at www.networkentertainment.ca. For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Network Entertainment Announces Results For First Quarter 2017

Fri, 28 Apr 2017 07:00:00 MDT

VANCOUVER, CANADA / TheNewswire / April 28, 2017 – Network Media Group Inc. (“Network” or “the Company”) (TSX: NTE.V) announced today the financial results of its operations for the three-months ended February 28, 2017 (“Q1 2017”).

The Company reported quarterly revenues of over $1.9 million and net income of $81,795 ($0.00 per share) for Q1 2017, as compared with revenues of $2.6 million and net income of $586,114 ($0.01 per share) for the same period in 2016.

The highlights of Q1 2017 are:

-Revenues of over $1.9 million

-Gross earnings of $113,000

-Enhanced production activity, including work on the five-part series for Discovery Channel, and three of its proprietary I Am projects

The Company’s unaudited condensed interim consolidated financial statements for February 28, 2017 and February 29, 2016, are available on www.sedar.com under the Company’s profile.

Chairman of the Board, Robert Pirooz, states, “Intense and successful focus on revenue and long-term investment explains, but in no way absolves, Network for earnings which have disappointed our shareholders. Our team has demonstrated its ability to run, grow and invest in its business, as well as its earnings, and we are committed to doing so going forward.”

A more detailed analysis of the other components of the Company’s performance can be found in its Management’s Discussion and Analysis as filed on www.sedar.com.

About Network Media Group Inc

Network's past projects and current productions can be viewed at www.networkentertainment.ca

For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT REGARDING FORWARD

-Fluctuation of the Company’s revenues from quarter to quarter and year to year depending upon sales cycles, consumer demand and the timing of distributor and broadcaster license decisions, as well as the timing of when the proceeds of such licenses meet the Company’s revenue recognition criteria;

-Undue reliance upon a large percentage of revenues from key third-party domestic and international distributors and broadcasters, whose purchase/licensing patterns and own consumer markets may change, having a material impact on the Company’s revenues and future business opportunities. In addition, such third parties may also offer their own products that are competitive with the Company’s products;

-Contracts entered into with third party broadcasters and distributors not being honoured by those third parties, or the payment terms not complied with;

-Overall market demand for the Company’s products, namely documentary films, which may fluctuate depending on public preferences, as well as strength of the home entertainment business and overall economic and market conditions; and

-Disruption of the timing for delivery of the Company’s products to its broadcasters and distributors for reasons including, but not limited to, production schedule changes, availability of production crew, travel disruptions, the personal schedules of key talent, all of which can prolong delivery times, delay the timing of release of the Company’s products to the public and ultimately delay receipt of licensing and broadcasting fees.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

OR DISSEMINATION IN THE UNTIED STATES

Network Entertainment Announces The Tribeca Film Festival Premiere and U.S. Television and Multi-Platform Release of "I Am Heath Ledger"

Tue, 11 Apr 2017 07:00:00 MDT

VANCOUVER, CANADA / TheNewswire / April 11, 2017 – Network Media Group Inc. (“Network” or “the Company”) (TSX: NTE.V) is pleased to present the definitive look at the life and work of an unforgettable actor and artist, Heath Ledger, in its new documentary “I Am Heath Ledger.”

Partnering with Spike TV (soon to be Paramount Network), the film will have its world premiere at the Tribeca Film Festival on April 23, and will then play in the U.S. nationwide in 300 cinemas for a special one-night event on Wednesday, May 3. For tickets and more information visit FathomEvents.com. Spike TV broadcasts the world television premiere on Wednesday, May 17, at 10:00pm ET/PT, and “I Am Heath Ledger” will be released on digital/DVD with Virgil Films on May 23.

This marks the latest “I Am” documentary series featuring beloved global icons from Network Entertainment and Spike TV which have received critical acclaim worldwide.

“The trailer for ‘I Am Heath Ledger’ received over 3 million views on YouTube within the first 5 days of its release,” stated producer/co-director Derik Murray, Network CEO, “That is a testament to the immense love and intense interest in Heath.”

“This film captures Heath in a way the public has never seen before, demonstrating the brilliance and creativity of this unforgettable talent,” said Jon Slusser, Senior Vice President, Sports & Specials, Spike TV. “We are thrilled to partner with Network Entertainment in creating yet another fascinating and immersive look at a remarkable icon.”

“I Am Heath Ledger” provides an intimate look at Heath through the lens of his own camera, with a treasure trove of never-before-seen footage, as he films and often performs in his own personal journey - extravagant in gesture and in action. Through these personal home movies, we get a rare glimpse into his true character – demonstrating his creative energy and unshakable willingness to take risks that instilled such an extraordinarily deep love and affection in the people that entered his life. From his earliest performances to his iconic Academy-Award® winning performance as The Joker in “The Dark Knight,” the film truly speaks to his profound talent as an actor. The documentary goes behind-the scenes of the shooting of “The Dark Knight,” as Heath morphed into the psychotic criminal-mastermind that will live in cinematic lore forever.

The film features interviews from those who knew Heath best, including close friends, family members, and industry peers, such as actors Ben Mendelsohn, Djimon Hounsou, and Emile Hirsch, directors Ang Lee and Catherine Hardwicke, musicians Ben Harper, Justin Vernon (Bon Iver), N'fa, and Grace Woodroofe, and the Ledger family. “I Am Heath Ledger” recounts his fabled rise to the pinnacle of the Hollywood dream and the indelible mark he left. Not only did he cut a path for himself, but Heath often championed other talents and artists whose voices he thought deserved to be heard. The documentary also showcases his most memorable moments on screen from his beginnings in Australia to the heights of his Hollywood achievements.

Previous films from Network’s founder, critically-acclaimed filmmaker Derik Murray, include Muhammad Ali, JFK Jr., Steve McQueen, Chris Farley, Johnny Cash, Bruce Lee and Evel Knievel. “I Am Heath Ledger” joins that gallery of indelible biographical portraits.

Along with Murray, “I Am Heath Ledger” is Co-Directed by Adrian Buitenhuis and Co-Produced by Eric MacDonald. The film is Executive Produced by Paul Gertz, Robert Pirooz and Kent Wingerak. Spike’s Kevin Kay, Jon Slusser, and Jaimee Kosanke also serve as Executive Producers.

About Network Media Group

Network's past projects and current productions can be viewed at www.networkentertainment.ca

For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release contains statements the Company constitutes “forward‐looking information under applicable Canadian securities laws and are based on expectations, estimates and projections as of the date of this news release. These statements are necessarily based upon management’s perceptions, beliefs, assumptions and expectations of historical trends, current conditions and expected future developments, as well as a number of specific factors and assumptions that, while considered reasonable by management of the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies that could result in the forward-looking information ultimately, perhaps materially, being incorrect. Those assumptions relating fiscal 2017 projections include the Company completing its productions in development and meeting all conditions of existing film and episode purchase agreements so that revenue is recognized in fiscal 2017, distributions from past projects achieving current sales reports and expectations based on past experience on sales of Network’s iconic documentaries, receipt of expected tax credits from Canadian Federal and Provincial governments, and a stable US-Canadian foreign exchange rate.

-The Company’s revenues may fluctuate from quarter to quarter and year to year depending upon sales cycles, consumer demand and the timing of distributor and broadcaster license decisions, as well as the timing of when the proceeds of such licenses meet the Company’s revenue recognition criteria;

-The Company is dependent upon and expects to continue to derive a large percentage of its revenues from key third-party domestic and international distributors and broadcasters, whose purchase/licensing patterns and own consumer markets may change, having a material impact on the Company’s revenues and future business opportunities. In addition, such third parties may also offer their own products that are competitive with the Company’s products;

-The contracts entered into with third party broadcasters and distributors may not be honoured by those third parties, or the payment terms not complied with;

-The Company is subject to the overall market demand for its products, namely documentary films, which may fluctuate depending on public preferences, as well as strength of the home entertainment business and overall economic and market conditions; and

-The timing for delivery of the Company’s products to its broadcasters and distributors are subject to disruption for reasons including, but not limited to, production schedule changes, availability of production crew, travel disruptions, the personal schedules of key talent, all of which can prolong delivery times, delay the timing of release of the Company’s products to the public and ultimately delay receipt of licensing and broadcasting fees.

These risk factors are not intended to represent a complete list of the factors that could affect the Company and the reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. There can be no assurance that such forward‐looking information will prove to be accurate, as actual results and future events could vary or differ materially from those anticipated in such information. Forward-looking information is provided for the purpose of giving readers more insight into the Company’s future financial and operational results, based on management’s expectations. Readers are cautioned that the information may not be appropriate for other purposes. The Company disclaims any intention or obligation to update or revise any forward‐looking information, whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.

Network Entertainment Announces Board Resignation

Mon, 10 Apr 2017 14:55:00 MDT

VANCOUVER, CANADA / TheNewswire / April 10, 2017 – Network Media Group Inc. (“Network” or “the Company”) (TSX: NTE.V) today reports Sandra Lim has resigned from the Board of Directors of the Company.

The Board of Directors would like to thank Ms. Lim for her contribution and hard work to the Company and wishes her well in her future endeavours.

About Network Media Group

Network's past projects and current productions can be viewed at www.networkentertainment.ca

For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. These statements are necessarily based upon management’s perceptions, beliefs, assumptions and expectations of historical trends, current conditions and expected future developments, as well as a number of specific factors and assumptions that, while considered reasonable by management of the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies that could result in the forward-looking information ultimately, perhaps materially, being incorrect. All forward‐looking information in this news release involve known and unknown risks, uncertainties and other factors that are beyond the control of the Company and may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward‐looking information. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company, copies of which are available on SEDAR at www.sedar.com.

Network Entertainment Announces Record Year-End 2016 Net Income of Half a Million, A Five-Fold Increase Over Prior Year Results

Thu, 30 Mar 2017 07:00:00 MDT

VANCOUVER, CANADA / TheNewswire / March 30, 2017 – Network Media Group Inc. (“Network” or “the Company”) (TSX: NTE.V) today reported record financial results from the operations of its subsidiary, Network Entertainment Inc., for the fiscal year ended November 30, 2016 (“Fiscal 2016”), including revenues of over $8.1 million and net income of almost $500,000. The Company also reported its results from the fourth quarter ended November 30, 2016.

“Network continues to improve its financial results and execute on its objectives to expand its production activities and build relationships with leading U.S. broadcasters and international distribution partners” said Derik Murray, Chief Executive Officer.

The financial results for Network’s Fiscal 2016 include the following highlights:

-Revenues up 271% for Fiscal 2016 to $8,110,173

-Income increased by 398% in Fiscal 2016 to $499,997

-Earnings per share increased to $0.01 per share in Fiscal 2016, from $0.00 per share in 2015

The Company’s consolidated financial statements for November 30, 2016 and 2015, are available on www.sedar.com under the Company’s profile.

The improved results are directly attributable to the increased levels of production that Network has experienced over Fiscal 2016. It released the newest addition to its library of icon documentaries (I Am JFK Jr.) and a two-part series for Discovery Channel (The Cowboy), and completed production of a seven-part documentary series for National Geographic (Facing).

CEO Derik Murray stated, “The momentum we triggered in the marketplace in 2015 has greatly expanded this year, further heightening our exposure in the U.S. market and thus driving out improved results.”

A more detailed analysis of the other components of the Company’s performance can be found in its Management Discussion and Analysis as filed on www.sedar.com.

About Network Media Group

Network's past projects and current productions can be viewed at www.networkentertainment.ca

For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release contains statements regarding the Company’s anticipated revenue for fiscal 2016, which constitute “forward‐looking information under applicable Canadian securities laws and are based on expectations, estimates and projections as of the date of this news release. These statements are necessarily based upon management’s perceptions, beliefs, assumptions and expectations of historical trends, current conditions and expected future developments, as well as a number of specific factors and assumptions that, while considered reasonable by management of the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies that could result in the forward-looking information ultimately, perhaps materially, being incorrect. Those assumptions relating fiscal 2016 projections include the Company completing its productions in development and meeting all conditions of existing film and episode purchase agreements so that revenue is recognized in fiscal 2016, distributions from past projects achieving current sales reports and expectations based on past experience on sales of Network’s iconic documentaries, receipt of expected tax credits from Canadian Federal and Provincial governments, and a stable US-Canadian foreign exchange rate.

-The Company’s revenues may fluctuate from quarter to quarter and year to year depending upon sales cycles, consumer demand and the timing of distributor and broadcaster license decisions, as well as the timing of when the proceeds of such licenses meet the Company’s revenue recognition criteria;

-The Company is dependent upon and expects to continue to derive a large percentage of its revenues from key third-party domestic and international distributors and broadcasters, whose purchase/licensing patterns and own consumer markets may change, having a material impact on the Company’s revenues and future business opportunities. In addition, such third parties may also offer their own products that are competitive with the Company’s products;

-The contracts entered into with third party broadcasters and distributors may not be honoured by those third parties, or the payment terms not complied with;

-The Company is subject to the overall market demand for its products, namely documentary films, which may fluctuate depending on public preferences, as well as strength of the home entertainment business and overall economic and market conditions; and

-The timing for delivery of the Company’s products to its broadcasters and distributors are subject to disruption for reasons including, but not limited to, production schedule changes, availability of production crew, travel disruptions, the personal schedules of key talent, all of which can prolong delivery times, delay the timing of release of the Company’s products to the public and ultimately delay receipt of licensing and broadcasting fees.

These risk factors are not intended to represent a complete list of the factors that could affect the Company and the reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. There can be no assurance that such forward‐looking information will prove to be accurate, as actual results and future events could vary or differ materially from those anticipated in such information. Forward-looking information is provided for the purpose of giving readers more insight into the Company’s future financial and operational results, based on management’s expectations. Readers are cautioned that the information may not be appropriate for other purposes. The Company disclaims any intention or obligation to update or revise any forward‐looking information, whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

OR DISSEMINATION IN THE UNTIED STATES

Network Entertainment Announces Production of New Docu-Series with Discovery Channel

Mon, 13 Feb 2017 07:00:00 MST

VANCOUVER, CANADA / TheNewswire / February 13, 2017 – Network Media Group Inc. (“Network” or “the Company”) (TSX: NTE.V) is pleased to announce it has commenced production of a docu-series for Discovery Channel. The series will be exhibited throughout the world, in line with Discovery’s mandate to feature provocative and entertaining programming that will resonate with a global audience.

Network’s mission to develop and produce content for worldwide audiences continues to be embraced in the broadcast marketplace, and is a key source of growth for the Company going forward. “We are very excited to collaborate with Discovery and their talented team,” stated Derik Murray, Network CEO and Executive Producer, “Our collective goal is to produce a television series that captures the imagination of Discovery's loyal and discerning audience by featuring dynamic storytelling alongside subjects that are relevant today.”

The show is a co-production between Network and Blackfin Entertainment, with Network CEO Derik Murray and Blackfin CEO Geno McDermott executive producing the multi-part series.

About Network Media Group. Network is focused on becoming one of the world’s leading developers and producers of entertainment properties for the global marketplace and its worldwide audience. It is the parent company of Network Entertainment Inc., an established television and film production company with an award-winning international reputation. Its productions include the Academy Award shortlisted feature documentary Facing Ali, as well as documentaries on the lives of Bruce Lee, Steve McQueen, Evel Knievel and, most recently, Chris Farley and Johnny Cash. The Company recently released a two-part documentary special The Cowboy, which premiered on Discovery’s American Heroes Channel, as well as the first five episodes of a global seven-part series for National Geographic. Network's past projects and current productions can be viewed at www.networkentertainment.ca. For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

OR DISSEMINATION IN THE UNTIED STATES

Network Media Group Inc. To Acquire Remaining 4% of Network Entertainment Inc.

Wed, 18 Jan 2017 07:00:00 MST

VANCOUVER, CANADA / TheNewswire / January 18, 2017 – Network Media Group Inc. (“Network” or “the Company”) (TSX: NTE.V) is pleased to announce it has entered into a definitive agreement with its subsidiary, Network Entertainment Inc. (“Network Entertainment”), dated effective January 11, 2017, pursuant to which the Company will acquire the remaining 4% of the issued and outstanding shares of Network Entertainment not previously held by the Company (the “Transaction”). The Company will issue an aggregate of 800,000 common shares (the “Transaction Shares”) to acquire the remaining shares of Network Entertainment at a deemed price of $0.25 per Transaction Share for total consideration of $200,000. The Transaction Shares will be issued to the existing shareholders of Network Entertainment on a pro rata basis. The Transaction is subject to approval/acceptance by the TSX Venture Exchange.

About Network Media Group

Network is focused on becoming one of the world’s leading developers and producers of entertainment properties for the global marketplace and its worldwide audience. It is the parent company of Network Entertainment Inc., an established television and film production company with an award-winning international reputation. Its productions include the Academy Award shortlisted feature documentary Facing Ali, as well as documentaries on the lives of Bruce Lee, Steve McQueen, Evel Knievel and, most recently, Chris Farley and Johnny Cash. The Company recently released a two-part documentary special The Cowboy, which premiered on Discovery’s American Heroes Channel, as well as the first five episodes of a global seven-part series for National Geographic. Network's past projects and current productions can be viewed at www.networkentertainment.ca. For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Network Entertainment Announces Collaboration with Billy Idol on ‘Punk’ Docu-Series

Wed, 04 Jan 2017 07:15:00 MST

VANCOUVER, CANADA / TheNewswire / January 4, 2017 – Network Media Group Inc. (“Network” or “the Company”) (TSX: NTE.V) is pleased to announce it is collaborating with music icon Billy Idol on a six-part documentary series entitled ‘Punk’, the definitive deep dive into the Punk and Post-Punk movements, featuring the music, the characters and the subculture that shook America to its core, challenging the music establishment and influencing art, fashion, politics and generations of artists along the way. The series will be executive produced by legendary musician, Billy Idol, an early architect of punk’s sound, style and fury as front man of the pioneering U.K. punk band Generation X, before vaulting into the pop mainstream as one of MTV’s first megastars.

“There was a feeling that there wasn’t much of a future for us young people, and in this void of nothingness, do it yourself became the ethic of the time. We wanted something new, something that spoke for us, and it lead to this thing called punk rock,” explains Billy Idol in discussing his bestselling autobiography Dancing With Myself, “I don't think punk ever really dies, because punk rock attitude can never die.”

“We are proud to work alongside Billy Idol, one of the music industry’s most iconic figures, on this groundbreaking project,” adds Network Founder and Executive Producer Derik Murray, “The series will take you inside the punk movement and music scene, showcasing a seamless mix of rare and unseen photographs and video, a crackling soundtrack of punk hits and misses, and original interviews with punk’s most celebrated stars.”

Joining Network’s creative team is acclaimed Los Angeles-based photographer and director, Michael Grecco, who was a noted photographer in the punk era, creating quintessential images of iconic punk stars while capturing the texture and inside perspective of the scene. Grecco adds, “Many of my photographs have never been published from this era, and I am excited to work with Network Entertainment and Billy Idol on this epic production, which will capture the essence of a time in music history in which I was immersed, and in turn captured on film."

About Network Media Group

Network is focused on becoming one of the world’s leading developers and producers of entertainment properties for the global marketplace and its worldwide audience. It is the parent company of Network Entertainment Inc., an established television and film production company with an award-winning international reputation. Its productions include the Academy Award shortlisted feature documentary Facing Ali, as well as documentaries on the lives of Bruce Lee, Steve McQueen, Evel Knievel and, most recently, Chris Farley and Johnny Cash. The Company recently released a two-part documentary special The Cowboy, which premiered on Discovery’s American Heroes Channel, as well as the first five episodes of a global seven-part series for National Geographic. Network's past projects and current productions can be viewed at www.networkentertainment.ca. For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

1488 Frances Street

Vancouver, British Columbia, Canada V5L 1Y9

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Network Entertainment Announces Documentary on Iconic Rock-and-Roll Photographer Norman Seeff

Tue, 20 Dec 2016 07:00:00 MST

Vancouver, BC / TheNewswire / December 20, 2016 – Network Media Group Inc. (“Network” or “the Company”) (TSX: NTE.V) is pleased to announce it has teamed up with Norman Seeff, one of the world’s most iconic photographers and creative visionaries, to develop and produce a feature documentary about his unparalleled career and fascinating life.

Based in Los Angeles, Norman has photographed the world’s most iconic musical artists, actors, writers, directors, athletes, business leaders and global visionaries, including Tina Turner, John Travolta, Alicia Keys, Steve Martin, Lily Tomlin, Ray Charles, Fleetwood Mac, Johnny Cash, Jane Fonda, Rod Stewart, Van Morrison, Joni Mitchell, Joe Namath, Magic Johnson, Martin Scorsese, Ridley Scott, Jim Henson, Steve Jobs and Bob Fosse. During his four decades behind the camera, Seeff photographed well over one thousand celebrities, and filmed over five hundred of these classic photo sessions, in which the most accomplished people of all time share their creative process, their greatest fears, and recount their proudest accomplishments and biggest personal challenges on their road to success.

These filmed sessions, most of which have never been seen before, will be the foundation and centerpiece of the documentary, which will trace Seeff’s journey as a doctor in Apartheid-era South Africa, to the epicenter of the counter-culture scene in New York in the late 60s, to his meteoric rise to become the Creative Director of United Artists Records in the 70s in Los Angeles, followed by the next four decades as the most sought after photographer in the world.

“At age 29, I woke up one morning and knew it was time to go, so I resigned my position as an emergency room doctor in a Soweto hospital and bought a one-way ticket to New York, packing one 35 millimeter camera, a portfolio of my work, and a few clothes,” explains Norman Seeff, “That was the beginning of my new life, a creative journey which I shared with the most iconic artists in history, and which I look forward to now sharing with a whole new audience in our documentary.”

“From the moment I met Norman Seeff over two decades ago, his story has never been far from my consciousness,” added Network Founder and Executive Producer, Derik Murray, “Norman told me 'it's not about photography – it's about communication, relationships and creating authentic experiences in the moment’. That ‘Sessions Process’, as he terms it, has resulted in the most recognizable images of our times. I am honored to be working together with Norman on this film, with our lens now trained on his personal story and life’s work.”

"We have told the stories of many of the world’s most iconic personalities, working closely with their families and estates,” added Network’s Executive Chairman, Robert Pirooz, “When the opportunity to work with Norman Seeff presented itself, we embraced the chance to collaborate with this iconic artist to tell his compelling and inspirational story to audiences around the world."

About Network Media Group

Network is focused on becoming one of the world’s leading developers and producers of entertainment properties for the global marketplace and its worldwide audience. It is the parent company of Network Entertainment Inc., an established television and film production company with an award-winning international reputation. Its productions include the Academy Award shortlisted feature documentary Facing Ali, as well as documentaries on the lives of Bruce Lee, Steve McQueen, Evel Knievel and, most recently, Chris Farley and Johnny Cash. The Company recently released a two-part documentary special The Cowboy, which premiered on Discovery’s American Heroes Channel, as well as the first five episodes of a global seven-part series for National Geographic. Network's past projects and current productions can be viewed at www.networkentertainment.ca. For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Network Entertainment Announces Slate of Documentaries with Hodgee Films

Thu, 24 Nov 2016 11:58:00 MST

Vancouver, BC / TheNewswire / November 24, 2016 – Network Media Group Inc. (“Network” or “the Company”) (TSX: NTE.V) is pleased to announce it has completed an agreement to co-produce a slate of independent documentary films with Canada and U.S. based production company Hodgee Films. The films, to be directed by Hodgee founder and principal Brent Hodge, will focus on the same kind of quirky and bizarre pop culture worlds and characters inhabiting Hodge’s past directorial efforts, which include the Tribeca Film Festival hits A Brony Tale and The Pistol Shrimps. The companies were brought together when Hodge was recruited by Network CEO Derik Murray to co-direct Network’s I Am Chris Farley, a documentary about the comedy legend that went on to deliver the highest ratings for a documentary in the history of Spike TV. The initial slate will be comprised of four films, with the first film scheduled to commence production in the first quarter of 2017.

“After the success of my last two documentaries, I was seeking a partnership with a company who shared my passion for the unconventional”, stated Hodgee Films Founder and Director Brent Hodge, “Derik Murray and Network provide the kind of creative collaboration and infrastructure that will allow me to focus on what I do best, which is tell crazy stories.”

“Brent has displayed an uncanny knack for tapping into the quirky recesses of pop culture to create consistently entertaining and profitable documentary films”, stated Network CEO and Producer Derik Murray, “We look forward to building on the successful collaboration we enjoyed on I Am Chris Farley to create a unique slate of films that explore some of the wackiest characters and situations one could imagine.”

About Network Media Group

Network is focused on becoming one of the world’s leading developers and producers of entertainment properties for the global marketplace and its worldwide audience. It is the parent company of Network Entertainment Inc., an established television and film production company with an award-winning international reputation. Its productions include the Academy Award shortlisted feature documentary Facing Ali, as well as documentaries on the lives of Bruce Lee, Steve McQueen, Evel Knievel and, most recently, Chris Farley and Johnny Cash. The Company recently released a two-part documentary special The Cowboy, which premiered on Discovery’s American Heroes Channel, as well as the first five episodes of a global seven-part series for National Geographic. Network's past projects and current productions can be viewed at www.networkentertainment.ca.

About Hodgee Films

About Hodgee Films - Hodgee Films is an independent film company best known for the documentaries A Brony Tale, The Pistol Shrimps and its work on Network Entertainments I Am Chris Farley. Founder Brent Hodge has been nominated for six Leo Awards for his documentary films, winning one for A Brony Tale in 2015. Hodge also won a Canadian Screen Award in 2014 and more recently a Founders Award at Michael Moore's Traverse City Film Festival.

For further information concerning this press release, please email info@networkentertainment.ca

ON BEHALF OF THE BOARD OF DIRECTORS OF

NETWORK MEDIA GROUP INC.

"Derik A. Murray"

Derik A. Murray

Chief Executive Officer and Director

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION