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Acquisition of New Library

15 Jan 2015 12:30

RNS Number : 2698C
DCD Media PLC
15 January 2015
 

 

 

DCD Media Plc

("DCD Media" or the "Group")

Acquisition of New Library

 

Independent TV distributor and producer DCD Media is pleased to announce that its distribution subsidiary, DCD Rights Ltd, has acquired a library of programmes from the administrators of Electric Sales Limited (in administration) and Electric Sky Productions Limited (in administration) (together the "Electric Sky Library").

 

The Electric Sky Library comprises approximately 253 hours across 50 titles of Electric Sky owned productions, including the long running Fat Doctor series as well as recent productions Sky High Scrapers and How Cities Work, alongside a significant number of hours in a wide ranging factual catalogue of licensed titles from third party producers.

 

Consideration for the Electric Sky Library was £325,000 which was financed from the fund provided by major shareholder Timeweave Limited, specifically for the acquisition of distribution rights.

 

Nicky Davies Williams, DCD Rights CEO, commented "We are thrilled to add this extensive library into the growing DCD Rights' catalogue. It brings a broad spread of attractive programming covering all the main factual genres to our existing drama, factual and music catalogue."

 

David Craven, DCD Media CEO commented "This shows the continuing commitment of DCD Media and its major shareholder to growing our distribution business and will allow further revenue growth for this division. We hope to make further additions to the catalogue over the coming months."

 

 

 

 

For further information please contact:

DCD Media Plc

Lily Sida-Murray, Press and Communications

Tel: +44 (0)20 8563 9393

ir@dcdmedia.co.uk

 

finnCap

Stuart Andrews or Charlotte Stranner

Tel: +44 (0)20 7220 0500

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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