MUBL.L Regulatory News (MUBL)

22 Jun 2009 07:00



MBL Group plc ("MBL" or "the Group")

NEW 3 YEAR CONTRACT WITH WM MORRISON

The Board of MBL Group plc, the UK distributor of home entertainment products, is pleased to announce that it has signed a new 3 year contract with Wm Morrison Supermarkets plc ("Morrisons") for the supply of Morrisons entertainment into 2012.  The contract covers the supply of CDs, DVDs/BluRay and all Games formats.

Morrisons are set for significant growth in all these categories as the grocery sector continues to benefit from the decline in high street retailing of entertainment.  Despite strong recent growth, most industry observers believe that Morrisons still has a good potential for growth. Greater engagement with the industry will underpin these growth plans as Morrisons and MBL plan to work closely with suppliers and publishers.

Trevor Allan, MBL's CEO, said: "We are delighted to be working so closely with one of the industry's key retailers and look forward to continuing to drive their business forward. We have responded aggressively to the changes in the market place and the demise of our major competitor, EUK."

John Vinuesa, Home and Leisure Director for Morrisons adds, "We are delighted to award exclusive supply of our Home Entertainment business to MBL, a company we have worked closely with for over 10 years."

"MBL has demonstrated to us that they are able to react swiftly in a fast changing market and that they have a real commitment to Morrisons', ensuring we are get the level of support and priority our customers deserve."

"MBL has assembled a high calibre team that mirrors our own. Together we have a strong ambition to grow Morrisons' Games, Music and DVD business across frontline chart and campaign."

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