22nd Oct 2007 07:00
Embargoed: 0700hrs, 22 October 2007
DCD Media plc ("DCD" or the "Company") MIPCOM Trading Update
Following this month's MIPCOM international television market in Cannes, France, DCD is pleased to announce that the Company achieved its strongest sales performance to date at this annual event.
DCD's wholly owned distribution arm, NBDTV had particular success in with pre-sales negotiations of the forthcoming Stephen Fry project, "Fry's In America," The pre-sales in discussion at MIPCOM are estimated to be worth approximately ‚£500,000. The documentary is in production by DCD's recently acquired West Park Pictures, which also achieved sales into the USA for its other current Fry project "HIV and Me."
Another of DCD's wholly owned production subsidiaries, Box TV advanced discussions on further sales expect to add ‚£500,000 of foreign sales for "Last Enemy" whilst its "Bon Voyage" production is expected to close further significant sales in Europe and Latin America, as a result of MIPCOM, in the near future.
A number of sales of content owned by September Films and other DCD subsidiaries were also achieved, along with a large number of other deals including a package of 80 music programmes to Latin America, and other major music packages to the USA and Germany.
Chris Hunt, Chief Executive of DCD, commented,
"We've had a tremendous boost from the MIPCOM television festival across the whole group. We arrived there with our strongest and broadest slate of programming to date and our vertically integrated model, of in-house distribution, enabled us to capitalise on its value in its entirety, demonstrating added value for shareholders.
It is not a coincidence that the genres of programming that we are focused on are the very same areas that many of the major broadcasters, including the BBC, are refining their focus to - primetime high-end drama, entertainment and documentaries are at the forefront of DCD's strategy. Even with the BBC's recent announcements it is notable that the kinds of programmes DCD produces for the BBC are exactly those that the BBC has announced a commitment to maintain and develop."
Enquiries:Chris Hunt, Chief ExecutiveDCD Media plcTel. 020 7297 8000Ben SimonsHansard GroupTel. 020 7245 1100Tom Price / Jeremy EllisEvolution SecuritiesTel. 020 7071 4300
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