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DCD Media Acquires Programmes Library For GBP325,000
LONDON (Alliance News) - DCD Media PLC Thursday said its distribution subsidiary has acquired a library of programmes from the administrators of Electric Sales Ltd and Electric Sky Productions.
In a statement, DCD said it acquired the 253 hours across 50 titles of Electric Sky-owned productions for GBP325,000, which was financed from the fund provided by major shareholder Timeweave Ltd, specifically for the acquisition of distribution rights.
DCD said the library includes the long-running 'Fat Doctor' series as well as recent productions 'Sky High Scrapers' and 'How Cities Work'.
"This shows the continuing commitment of DCD Media and its major shareholder to growing our distribution business and will allow further revenue growth for this division," David Craven, chief executive, said in a statement.
"We hope to make further additions to the catalogue over the coming months."
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
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DCD.L News
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