2 Apr 2015 14:07
DCD Media Plc
("DCD Media" or the "Group")
New Commission
Following the announcement in December 2014 that September Films Ltd, a Group company, was in discussions with ITV and GroupM Entertainment relating to a commission to co-produce a second series of the primetime comedy game show Celebrity Squares (the "Commission"), DCD Media is delighted to announce that the terms of the Commission have now been agreed.
Celebrity Squares is a co-production between September Films and GroupM Entertainment. The format is based on the classic comedy gameshow, Hollywood Squares, from CBS Studios International. Elaine Bedell and Peter Davey for ITV Entertainment have re-commissioned the second series for ITV primetime in a new 8 x 45 minute format. The Executive Producers will be Bob Massie for September Films and Abigail Adams for GroupM Entertainment. The series producer is Aaron Morgan.
Hollywood star, Warwick Davis (Star Wars, Harry Potter, Willow), who made his presenting debut in the first series, will reprise his role as host. Meanwhile, Celebrity Squares resident comedians, Tim Vine and Joe Wilkinson will also be returning.
David Craven, CEO of DCD Media today commented; "We are obviously pleased that our partnership with GroupM Entertainment has delivered a returnable series with ITV. Bob Massie is a highly experienced entertainment producer and, under his stewardship, we expect the second series of Celebrity Squares to be another hit."
Timeweave Limited, one of DCD Media's largest shareholders, is providing September Films with a short term £2.8m unsecured loan to fund the production and recoverable VAT, to be repaid by 30th June 2015 ("the Loan"). Under the terms of the Loan, DCD Media expects to pay Timeweave a total of £40,000 for interest, arrangement fee and costs. The Independent Directors, David Green and Nicky Davies Williams, consider, having consulted finnCap as nominated adviser to the Company, that the terms of the Loan are fair and reasonable insofar as DCD Media's shareholders are concerned.
For more information please contact:
DCD Media plc
Tel: +44 (0)20 8563 9393
ir@dcdmedia.co.uk
Charlotte Stranner or Giles Rolls
finnCap
Tel: +44 (0)20 7220 0500