(Alliance News) - Mondo TV Suisse SA announced Friday that Balocco Srl, a leading Italian company in its sector based in Fossano, in the province of Cuneo, has acquired from Mondo TV Suisse itself a license for territory in Italy, San Marino and the Vatican, Canton Ticino and Malta for the exploitation of licensing and merchandising rights of the property Bread Barber Shop - in Italy the series is aired under the title 'Il Barbiere Pasticciere' - for confectionery products.

The license provides for the exploitation of the brand for two years.

The agreement calls for the payment of a guaranteed minimum and, if it is exceeded, royalties by Balocco to Mondo TV Suisse for sales in excess of the guaranteed minimum amount. On all such amounts, Mondo TV Suisse will retain its own commission of 30 percent

"The agreement marks another step, with an important Italian operator, in the development of the licensing plan on the Korean property, the subject of the series aired in Italy by primary TV dedicated to the kids segment and distributed by the Mondo TV group. While in fact the licensing is managed by Mondo TV Suisse, the audiovisual rights are distributed by the parent company taking advantage of group synergies."

Mondo TV Suisse is up 0.9 percent to EUR0.44 per share.

By Claudia Cavaliere, Alliance News reporter

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