Get Live Data
Less Ads, More Data, More Tools Register for FREE

Latest Share Chat

  2. Share Prices
  3. Live Company Share Price
  4. Live Company Share Regulatory News
  5. PSM agrees to enter joint venture

Pin to quick picksLive Company Regulatory News (LVCG)

Live Company Information

Share Price Information for Live Company (LVCG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.675
Bid: 0.65
Ask: 0.70
Change: 0.00 (0.00%)
Spread: 0.05 (7.692%)
Open: 0.675
High: 0.675
Low: 0.675
Prev. Close: 0.675
LVCG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

PSM agrees to enter joint venture

31 Jan 2012 07:00

RNS Number : 4340W
Parallel Media Group PLC
31 January 2012
 

31.01.12

Parallel Media Group PLC

("PMG" or the "Company")

PSM agrees to enter joint venture with Froggies Media SARL

PMG, the AIM quoted sports marketing and media group, is pleased to announce that Parallel Smart Media (PSM), which is 50% owned by PMG, has signed binding heads of agreement to enter into a 50/50 joint venture with Froggies Media SARL, a branding and production company based in Paris, led by Tim Newman. The new company, Froggies Smart Media, will be able to take advantage of Froggies Media's established connections within the French and European markets.

 

Froggies Smart Media will utilise PSM's smart media platforms (www.parallelmediagroup.com/parallel-smart-media/), which provide a step-change in the way that sports, entertainment and lifestyle media can be delivered. Initially it will target existing clients - which include renowned brands such as Dom Perignon and Louis Vuitton in France.

Tim Newman was the CEO of NBDC, which produced TV programmes such as Rapido (BBC) and Passengers (Channel 4). After the success of Rapido, he created Rapido TV with the partners of NBDC and Richard Branson (50% NDBC, 50% Virgin), which produced a number of programmes including the cult show "Eurotrash" (Channel 4).

 Commenting on the new joint venture, Tim Newman says:

"I have been involved in the world of TV for 25 years. Froggies Smart Media offers opportunities which enable clients to literally create their own TV stations. The potential for this business is enormous."

 David Ciclitira, Chairman of PMG, comments: 

"We are delighted to be working with Tim on this new joint venture. This new development certainly cements our vision for the business and we look forward to growing it further."

-End-

 

For further information, please contact:

Parallel Media Group plc 020 7225 2000

David Ciclitira

Northland Capital Partners Limited 020 7796 8800

Luke Cairns, Edward Hutton

Novus Capital Markets Limited 020 7107 1881

Nicholas Lee

 

Bishopsgate Communications 020 7562 3350

Deepali Schneider, Natalie Quinn

pmg@bishopsgatecommunications.com

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRASDLFASFESEIF
234567891011
Date   Source Headline
24th Jan 201110:55 amPRNDirector/PDMR Shareholding
13th Dec 20105:19 pmPRNDirector/PDMR Shareholding
1st Dec 20107:00 amPRNTotal Voting Rights
29th Nov 20107:00 amRNSBoard Changes
22nd Nov 20107:00 amPRNHolding(s) in Company
9th Nov 20107:00 amPRNIssue of Equity
3rd Nov 20107:00 amPRNNominated Adviser and Broker - Change of Name
23rd Sep 20107:00 amPRNInterim Results
17th Sep 20107:00 amRNSBALLANTINE'S CHAMPIONSHIP MAKES CAPITAL MOVE
2nd Sep 201012:21 pmPRNIssue of Equity
31st Aug 201011:05 amPRNTrading Update
17th Aug 201012:44 pmPRNIssue of Shares
10th Aug 20107:00 amPRNShare Capital Consolidation & Notice of General Meeting
6th Aug 20107:00 amPRNNew Banking Facilities and Extension of Loans
30th Jul 201012:28 pmPRNResult of AGM
30th Jul 201012:28 pmPRNResult of AGM
30th Jun 20107:32 amPRNBoard Changes
30th Jun 20107:31 amPRNFunding Announcement
30th Jun 20107:30 amPRNFinal Results
12th May 20109:00 amPRNTitle Sponsor for Hong Kong Open
10th May 20107:00 amPRNTrading Statement
2nd Nov 20092:00 pmPRNBallantine's sponsorship extended to 2013
11th Sep 20097:00 amPRNChange of Nomad and Broker
30th Jul 200912:10 pmPRNHalf-yearly Report
6th May 20099:22 amPRNResult of AGM
31st Mar 200912:30 pmPRNFinal Results
3rd Dec 20081:25 pmRNSre Notice of Meeting
3rd Nov 200811:23 amPRNSponsorship
30th Oct 20083:16 pmRNSDirector/PDMR Shareholding - Amendment
28th Oct 20083:13 pmRNSStmnt re Share Price Movement / Directors Dealings
24th Oct 200811:05 amRNSResult of AGM
24th Oct 200811:05 amRNSResult of EGM
2nd Oct 20087:00 amPRNSponsorship
29th Sep 20087:00 amRNSShare Capital Reorganisation
29th Sep 20087:00 amRNSInterim Results
30th Jun 20082:46 pmRNSChange of Broker
30th Jun 20082:46 pmRNSFinal Results
7th Apr 20082:18 pmPRNAdvisers Change of Name
31st Dec 20077:00 amPRNTotal Voting Rights
29th Nov 20072:38 pmPRNIssue of Equity
13th Nov 20071:10 pmPRNTrading and financing update
28th Sep 20074:37 pmPRNHalf-yearly Report
17th Aug 200710:48 amPRNAIM Rule 26 - Company Website
11th Jul 200712:08 pmPRNResult of EGM
11th Jul 200712:07 pmPRNResult of AGM
9th Jul 200710:33 amPRNRepresentation Agreement
3rd Jul 20077:00 amPRNGolf Tournament Sponsor Deal
19th Jun 20073:42 pmPRNAnnual Report and Accounts
29th May 20077:01 amPRNFinal Results
29th May 20077:00 amPRNFinancing Arrangement
234567891011

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.