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-Sammy Nourmand is stepping down from his role as CEO today and will leave the company at the end of the year. - DCD also announces a repositioning of its resources to address the significant revenue and growth potential of the North American TV production market. - David commented:"He commented: "I am absolutely delighted that our major shareholders have recognised the massive opportunity for growth in the US market. DCD has a hugely impressive track record and a peerless reputation in the US; we can and will build on this." - The Company is also pleased to announce that it has secured a new commission with an expected gross revenue value of £4.25 million.
http://www.investegate.co.uk/Article.aspx?id=201210300700147827P
http://www.investegate.co.uk/Article.aspx?id=201206281203543672G
5/22/2012 - DCD Rights Announces Raft of Factual and Music Sales Worldwide Following their attendance at MIP TV 2012, international distributor DCD Rights announces a raft of music and factual sales to major broadcasters in America, Europe and Australia: AXS TV (US and Canada) has acquired the new Iron Maiden Live concert EN VIVO! Live At Estadio Nacional, Santiago (1x60’/1x90’/HD 5.1). The concert, filmed in Santiago, Chile in 2011 during their spectacular ‘The Final Frontier World Tour 2010-11’, captures the incredible excitement and atmosphere of a live Iron Maiden show. HBO (Latin America) is taking on the accompanying documentary Iron Maiden: Behind The Beast (1x60’/HD 5.1) which describes the extraordinary story of one of the most acclaimed and ambitious touring shows in the world - 98 shows across 36 different countries. Coast Guard Alaska (20x60’) the new hard hitting rescue series which made its international debut at MIP TV has been acquired by Danmarks Radio and Tele 5 Poland. Produced by Al Roker Entertainment for The Weather Channel the factual series follows the Alaskan Coast Guard conducting perilous search and rescue missions in one of the harshest environments in the world. New specialist factual programming has also sold worldwide including acclaimed series She-Wolves: England’s Early Queens (3x60’ Matchlight for BBC4) acquired by VIASAT (Scandinavia and Eastern Europe), SBS (Australia) and Foxtel (Australia), and The Many Lovers of Jane Austen (1x60’, Matchlight for BBC4) acquired by VIASAT (Scandinavia and Eastern Europe), Knowledge Network (Canada), TVO (Canada), ABC (Australia), Foxtel (Australia), APT (USA) and Sky (New Zealand). Finally Discovery Networks UK has acquired Vet School (Prospero Productions for ABC Australia), the 6x30’ observational series that captures the highs and lows of young vets’ training at Murdoch University, for its UK channel Animal Planet. Nicky Davies Williams, CEO, DCD Rights, said: “Blue chip high end factual programming, award winning drama and top international music acts are three key genres in our catalogue that we definitely will continue to emphasize over the coming months, and we are delighted with the broad success we’ve had so far with our latest offering”.
I contacted investor relations to enquire about the publication of results this Friday. This is their response: "This information is incorrect. DCD Media’s financial year ends on 31 December – therefore our annual results are due by 30 June of each year (we expect to release them several weeks before this date) and our interim results (half year to 30 June) are due out this autumn. It seems that nationals get their information from financial information services and were provided with the wrong information. Our dates, once confirmed, will be published on the Investor Relations section of our website at www.dcdmedia.co.uk – section Events Calendar on http://www.dcdmedia.co.uk/investor_relations_financial_calendar.asp" "We anticipate to release our annual results within the next few weeks".
From the Telegraph: Friday April 27 • WPP, the world’s biggest advertising group, updates the market on first-quarter trading, following on from record 2011 results that saw its profits rise above £1bn for the first time, benefiting from businesses expanding their marketing in emerging markets. Analysts at Numis forecast that first-quarter revenue will reach £2.35bn, representing organic growth of 4pc or 5.7pc on a reported basis. Full-year results: None expected Interim results: DCD Media Trading update: Aegis, Colt, Covidien, Global Health Partner, Sports Direct International, WPP Economics: GfK NOP consumer confidence index, Paul Tucker, deputy governor of the Bank of England, speaks at a European Commission conference Meetings: Alliance Trust (AGM), Barclays (AGM), Pearson (AGM), Senior (AGM), Ultra Electronic Holdings (AGM) http://www.telegraph.co.uk/finance/markets/9219486/Week-ahead-in-business-and-economics-April-23-27.html
Wednesday 18 April, 2012 AIM Notice - 18/04/2012 RNS Number : 5223B 18 April 2012 NOTICE 18/04/2012 - 8:00am The London Stock Exchange admits the following securities to trading on AIM DCD MEDIA PLC 59,575,000 ORDINARY SHARES OF 1P EACH, FULLY PAID (B236PC5)(GB00B236PC52)
Media company Timeweave is set to convert the debt it acquired in UK indie DCD Media in February into a 29.99% stake in the firm. This makes it the producer-distributor’s largest shareholder, ahead of long-term investor Henderson Group, which has a 28.68% stake, and executive chairman and former CEO David Green, who has 17.43%. Alternative Investment Market (AIM)-listed Timeweave will convert £595,750 (US$950,255) into 59,750,000 shares, which is just shy of 30% of the company’s share capital, DCD said in a filing today. DCD, which is also on AIM and is valued at around £6.8m based on today’s share price, expects the application to be approved by AIM on April 18. The development comes after Timeweave came from nowhere to acquire £3.1m of DCD’s debt in February, sending the indie’s share price rocketing by 300%. Timeweave will still own around £2.4m in debt following the conversion but a formal takeover bid would be needed before it could convert more into shares, as DCD is a listed firm. Timeweave did not return calls for comment this morning. However, C21 understands meetings between the two companies are proceeding well, with DCD top brass thought to see the new investor as a positive presence. Timeweave owns a 50% stake in Amalgamated Racing, which holds exclusive broadcast licences for 31 racecourses in the UK and Ireland, and has a wholly owned subsidiary called SportingWins, a ‘hedging agreements’ specialist. DCD’s assets include Anglo-American entertainment producer September Films, which produces the likes of Penn and Teller: Fool Us for ITV1; factual prodcos Prospect Pictures and Prospect Cymru; and Scottish joint venture Matchlight. It also recently acquired post-production house Sequence and operates sales arm DCD Rights, publishing division DCD Publishing and DVD label Digital Classics. Soon after Timeweave’s initial investment in February, DCD’s then-chief executive Green became executive chairman, with September’s CEO Sammy Nourmand taking his previous role. DCD has been focusing on the US in the past year, with September Films USA and start-up Rize USA both scoring commissions for shows such as Billy the Exterminator. http://www.c21media.net/archives/80208
AMC/Sundance Channel Global announced today at MIP TV the acquisition of a wide range of new productions and acclaimed series, including drama The Straits and The Slap in a deal with DCD Rights. The news follows recent agreements with premier Pay TV platforms across multiple key markets in Europe and Asia for new launches of its international television networks and video-on-demand (VOD) services. "AMC/Sundance Channel Global has experienced expanded growth over a very short time and these acquisitions reinforce our commitment to offering high quality, independent-minded programming to international audiences across multiple platforms" stated Bruce Tuchman, President, AMC/Sundance Channel Global. http://dcdrights.com/news/mip-tv-special-amc-sundance-channel-global-acquires-the-slap-and-the-strait/
"The date of release of our financial results for FY 2011 as well as the date for this year’s AGM will be published within the next few weeks. As for any announcements in relation to Timeweave, DCD Media will notify the market in due course. There is no plan just yet to issue an announcement but I cannot provide further details on the matter due to AIM regulations".
International distributor DCD Rights announces 200 hours of sales as it unveils its largest ever slate of new factual entertainment shows ahead of MIP TV 2012. Large package deals for factual entertainment have been concluded with TV3 Eire - including 2 series of the hit reality show 'Bridezillas' and the heart rendering documentary 'Josie My Cancer Curse', TVNZ - including the critically acclaimed series 'Misbehaving Mums To Be' and 'You’re Cut Off', Foxtel Australia – including factual series 'Pub Dig' & 'At Home with Georgians' and RTL Netherlands for 'Bridezillas'. Headliners for this year’s market are “a mix of compelling original, amusing, challenging and totally innovative programme concepts with the same universal appeal and production qualities valued by our buyers around the world” says DCD Rights CEO Nicky Davies Williams.