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BRICKLIVE UPDATE

3 Mar 2020 07:00

RNS Number : 7625E
Live Company Group PLC
03 March 2020
 

3 March 2020

 

LIVE COMPANY GROUP PLC

("LVCG", the "Company" or the "Group")

 

BRICKLIVE UPDATE

 

Live Company Group plc (AIM: LVCG) is pleased to provide the following update.

 

Highlights:

 

The Company is pleased to announce the following highlights since mid-January 2020:

· Achieved strong growth in the first 2 months of the year;

· £3.2 million contracted revenue secured for 2020;

· £1.1 million contracted revenue secured for 2021;

· Additional £185k in 2020 and £228k in 2021 pre-contracted revenue (awaiting final signature);

· 2 new zoo contracts announced today;

· 29 BRICKLIVE events already planned for 2020; and

· 18 themed tours in circulation with a further 3 under construction.

 

David Ciclitira, Chairman of LVCG said: "We are encouraged with the progress and growth the Group has made so early in 2020, we have built a healthy pipeline of contracts for the coming months which are spread over a broad number of divisions, providing us with confidence in our portfolio approach.

 

We have secured two new zoo contracts and seen the number of touring shows increase and we continue to receive positive feedback from our existing clients.

 

Whilst, the Coronavirus has had a direct effect on operations in China and Asia, this has already been accounted for within our revenue targets. The majority of our activities in this region will occur in the second half of 2020 and the Board does not currently believe the Coronavirus will impact the overall performance of the Group, though we will continue to closely monitor the situation. As last weekend's successful events (Paw Patrol - Bracknell, Nick Jr. in Whiterose Shopping Centre, Leeds) illustrate, it is very much business as usual.

 

Our diversified business model allows us flexibility to focus on growth within our portfolio at the most appropriate times in the year and we remain on track to hit our financial targets for 2020."

 

BRICKLIVE Update

 

BRICKLIVE Zoo Programme

 

The Company reports its wholly owned subsidiary, Brick Live International Limited ("BLI"), has signed the following agreements with new customers:

· Allwetter Zoo, Munster, Germany to hire BRICKLIVE Big Cats from March to July 2020; and

· Bristol Zoo, UK to hire BRICKLIVE Ocean from July to September 2020.

 

Production and Events

 

The Group has also announced 29 BRICKLIVE events globally in 2020, against a target of 75 for the year. A list of events is published on the Company's website. The Board expects this number to increase further as more events are announced by our partners.

 

The Group is also pleased to report that the BRICKLIVE Nick Jr. touring show has now been built, resulting in 18 themed touring shows in circulation. A further three themed tours are currently under construction.

 

Enquiries:

 

Live Company Group Plc Tel: 020 7225 2000

Ruth Cunningham, Chief Operating Officer

 

Strand Hanson Limited (Nominated Adviser) Tel: 020 7409 3494

Stuart Faulkner / Richard Tulloch / James Dance

 

Shard Capital Partners LLP (Broker) Tel: 020 7186 9952

Damon Heath

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014.

 

LIVE COMPANY GROUP

Live Company Group plc ("LVCG", the "Company" or the "Group") is a live events and entertainment Company, founded by David Ciclitira in December 2017. The Company was admitted to trading on AIM in December 2017, following the reverse acquisition of Brick Live Group and Parallel Live Group by LVCG.

 

The Group is a network of partner-driven fan-based shows using BRICKLIVE created content worldwide. The Company owns the rights to BRICKLIVE - an interactive experience built around the creative ethos of the world's most popular construction toy bricks. BRICKLIVE, which is fast becoming a leading children's education and entertainment brand, actively encourages all to learn, build and play, and provides inspirational events and shows where like-minded fans can push the boundaries of their creativity. Bright Bricks is the Group's production centre for building brick based models. The Group is an independent producer of BRICKLIVE and is not associated with the LEGO Group.

 

Website: www.livecompanygroup.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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UPDFLFITVLIFIII
Date   Source Headline
2nd Apr 20197:00 amRNSBRICKLIVE's Second Christmas Show in Monaco
2nd Apr 20197:00 amRNSGroup to run BRICKLIVE's flagship UK Show in 2019
22nd Mar 20197:00 amRNSBRICKLIVE Show in Geneva, Switzerland
21st Mar 20194:46 pmRNSHolding(s) in Company
14th Mar 201911:30 amRNSSupply of first dinosaur models to China
11th Mar 20197:00 amRNSLaunch of BRICKLIVE Shows in Germany and Mexico
11th Feb 20197:10 amRNSPlacing and Subscription to raise £2.2 million
11th Feb 20197:00 amRNSAgreement with AWC
30th Jan 20197:00 amRNSBricklive Show, Dallas
21st Jan 20197:00 amRNSChange of Nominated Adviser
18th Jan 201911:20 amRNSDirectors' disclosures
10th Dec 201811:07 amRNSBRICKLIVE Animal Paradise announces Haikou City
30th Nov 20187:00 amRNSMythical Beasts Lease Agreement in South Korea
21st Nov 20187:33 amRNSCorporate Video
16th Nov 20187:00 amRNSLaunch of Bricklive Brickosaurs
15th Nov 20187:00 amRNSAgreement with Live Nation signed
1st Nov 20187:00 amRNSDirectorate/staff changes and Company Update
18th Oct 20187:00 amRNSBRICKLIVE TOURING: zoos and safari parks expansion
17th Oct 20183:23 pmRNSCompletion of Acquisition
5th Oct 20181:30 pmRNSAcquisition of Bright Bricks and Placing
28th Sep 20187:00 amRNSHalf-year Report
26th Sep 20187:56 amRNSStatement re potential acquisition and placing
25th Sep 20187:04 amRNSBL Education agreement with ImmersiveMinds
13th Sep 20187:00 amRNSBricklive JV agreement in USA and Canada
10th Sep 201811:00 amRNSResult of AGM
7th Sep 201810:30 amRNSPrince Albert II Foundation partners with BL China
29th Aug 20183:57 pmRNSDirectorate Change
15th Aug 20187:00 amRNSNotice of AGM
14th Aug 20187:00 amRNSBRICKLIVE Japan Update
24th Jul 20187:00 amRNSBRICKLIVE - Korea and Dominican Republic
19th Jul 20187:00 amRNSBRICKLIVE Animal Paradise - China tour
10th Jul 20187:00 amRNSLaunch of BRICKLIVE Christmas in Monaco
2nd Jul 20181:23 pmRNSReplacement - Final Results
2nd Jul 20187:00 amRNSBRICKLIVE event dates confirmed for July 2018
28th Jun 20187:02 amRNSFinal Results
28th Jun 20187:00 amRNSBRICKLIVE Animal Paradise Contract
22nd Jun 20187:00 amRNSNotice of Results
15th Jun 20187:00 amRNSRenewal of Soth Korea contract
7th Jun 20187:00 amRNSLaunch of BRICKLIVE ASEAN Tour
7th Jun 20187:00 amRNSNotice of Results
30th May 20187:00 amRNSLaunch of BRICKLIVE Kids in China
21st May 20188:00 amRNSBRICKLIVE opens in Argentina
18th May 20187:00 amRNSLaunch of BRICKLIVE Kids' Cafe
3rd May 20187:00 amRNSLaunch of BRICKLIVE Kids? Club
13th Apr 20187:00 amRNSLaunch of BRICKLIVE Touring and Placing
5th Apr 20187:45 amRNSCompany update
8th Jan 20187:00 amRNSBRICKLIVE Brazil contract and Placing
27th Dec 20178:00 amRNSCompletion of Acquisitions and re-Admission to AIM
22nd Dec 201712:54 pmRNSResult of Meeting
29th Nov 20179:21 amRNSSchedule 1 - Parallel Media Group Plc

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