Chrysalis Vision25 Jan 2017 19:05
Does anyone know how big a stake we had in Chrysalis? I found an RNS from July 2015, it states that Ten Alps initially invested £50,000 and would provide £200,000 of convertable loan stock. It says loan notes could be converted to £1 per share at TA's discretion.
Makes you wonder if ZIN sold their stake at a healthy profit to Sky?
'Sky has bought the stake, just shy of 25 per cent, mainly from Zinc and will provide funding and distribution for the 25 projects that Chrysalis has under development, which include medical, legal, sci-fi and “sword and sorcery” shows, according to Mick Pilsworth, chief executive and the original head of the Chrysalis TV business, which had revenues of £100m.'