(Alliance News) - Mondo TV on Wednesday announced that it has recently finalized several new agreements with Safe Media, one of the leading media distributors in the Middle East.

"The historic collaboration between the companies continues with the finalization of new contracts involving MondoTV's library series that will be aired on major networks in the area such as MBC3, MajdTV, and Al Rayan," Mondo TV explained in the released note.

The signed contracts include a flat fee.

"The Middle East has always been a major area for Mondo TV and it is reasonable to expect further business in the immediate future," the company note concluded.

Mondo TV on Wednesday is giving up 4.1 percent to EUR0.11 per share.

By Maurizio Carta, Alliance News reporter

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