LONDON (Alliance News) - Shares in Reach4entertainment Enterprises PLC soared Thursday morning after it said it has been granted a 17% stake in digital theatre and arts entertainment platform Stage17 Inc, to support development.
Stage 17 has been funded and developed by Stoller Family Partners, of which David Stoller, executive chairman of Reach4entertainment is a general partner.
The media business company said that the digital platform will launch in the first half of 2014, with an initial focus on the North American market, and will deliver a range of Broadway and arts related entertainment content.
Share in Reach4entertainment were up 19% or 1.12 pence per share Thursday morning trading at 7.00 pence per share. Earlier Thursday, the shares touched 7.49p.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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