22nd Oct 2015 07:10
LONDON (Alliance News) - Event marketing and media agency Parallel Media Group PLC on Thursday said its music division has secured the underwriting for the Japan concerts to be performed by an unnamed "US pop songstress" in December.
The revenue generated from the deal, though not specifically defined, will be higher than the operating costs and VAT and will mean Parallel will secure some revenue from the deal.
The news sent Parallel shares up 26% to 12.00 pence in early trade, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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