14 Oct 2014 07:00
14 October 2014
LiteBulb Group Limited
("LiteBulb" or the "Company" or the "Group")
Contracts to supply Tesco and HMV with Disney's Frozen products
LiteBulb (AIM: LBB), the branded product developer, announces two additional contracts worth £0.69m to supply Disney's Frozen products into Tesco and HMV stores in the next two months.
Frozen is a 3D computer animated fantasy-comedy film created by Walt Disney Animation Studios in 2013. It is one of the highest-grossing animated films to date and one of the most financially successful franchises for Walt Disney.
LiteBulb is working with Imagine8, a specialist licensee of Children's character promotions, to deliver pre-filled Free Standing Display Units (FSDUs) to over 700 Tesco stores and 120 HMV stores in the UK. The FSDUs will contain a range of Frozen branded products including a winter clothes sets, sticker sets, wallets, key rings, mugs, diary and pen sets, alarm clocks and beauty sets.
Imagine8 has a licence agreement with Disney which allows them to produce Disney products on Free Standing Display Units (FSDUs) across Europe. LiteBulb are the key distribution partner for the UK. As such the Company advises on which products best suit the brand and will sell best with each retailer's customer and then supply the products and FSDUs to the retailers.
The FSDUs will be available in Tesco for the first time from the beginning of November and the HMV contract is to supply further stock to existing and successfully selling Frozen FSDUs.
Simon McGivern, CEO of LiteBulb, commented:
"Anyone with young kids will be able to tell you how popular the film Frozen is and we're delighted to be selling a set of products for this brand. Via our contacts throughout the group, we've cross-sold these products into such well-established retailers as Tesco and HMV. It is a huge endorsement to our innovative approach to developing branded products that Imagine8, who hold the licence for Disney products sold on these stands, turned to us to come up with a range of gifts that would appeal to UK consumers."
LiteBulb Group Limited | www.litebulbgroup.com |
Simon McGivern, Chief Executive | Tel: 020 3384 7131 |
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finnCap (NOMAD & Broker) | Tel: 020 7220 0500 |
Stuart Andrews/Ben Thompson (Corporate Finance) |
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Joanna Weaving (Corporate Broking) |
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Walbrook PR Limited | Tel: 020 7933 8780 or litebulb@walbrookpr.com |
Bob Huxford | Mob: 07747 635 908 |
Paul McManus | Mob: 07980 541 893 |
About LiteBulb Group - www.litebulbgroup.com
LiteBulb Group designs, manufactures and distributes innovative brands and products to the global retail market.
LiteBulb Products - our wide range of products are sold in over 30 countries through blue chip retailers including: ASDA, BHS, Tesco, Sainsbury's, WH Smith, Halfords, Marks & Spencer, Morrisons, QVC, Next, Fenwicks and Toys R Us.
LiteBulb Creative is a creative agency with global reach, delivering compelling and agile brand extension programmes to the entertainment industry. LiteBulb Creative has designed products and campaigns for clients around the world, including Disney, Hasbro and Miramax.
About Frozen
Inspired by Hans Christian Andersen's fairy tale The Snow Queen, the film tells the story of a fearless princess who sets off on an epic journey alongside a rugged iceman, his loyal pet reindeer, and a hapless snowman to find her estranged sister, whose icy powers have inadvertently trapped the kingdom in eternal winter.
According to Wikipedia, the film was a commercial success, accumulated over $1.2 billion in worldwide box office revenue, $400 million of which was earned in the United States and Canada and $247 million of which was earned in Japan. It ranks as the highest-grossing film of all time, the highest-grossing film of 2013, and the third highest-grossing film in Japan.
Frozen won two Academy Awards for Best animated Feature and Best Original Song ("Let It Go"), the Golden Globe Award for Best Animated Feature Film, the BAFTA Award for Best Animated Film, five Annie Awards (including Best Animated Feature) and two Critics' Choice Awards for Best Animated Feature and Best Original Song ("Let it Go").