mf001
02 Dec 2014
Re: slow upwards move... Taken from the recent interim results:The DCD Media Board has taken the appropriate steps to restructure operations, to focus more on the international rights business while taking action to mitigate the risks inherent in the challenging production environment. We are now anticipating an expansion of the rights business into lucrative genres which will help to exploit the maximum value from our rapidly growing library. The outlook in the short to medium term is encouraging, being content rich in distribution; the foundation is laid for accelerated growth.We are also well-placed now to benefit from the array of broadcaster engagements in the production division, having adjusted the cost base and focused attention on business winners.These developments, we believe, position DCD Media well for a return to profitability.Also, debt is likely to be paid off now as this was due to take place last month:"We are delighted to report that we are almost through the turnaround cycle with a return to economic and financial stability in sight. We have all but completed the repayment of the term debt which had previously caused the business to be radically weakened."The focus on the international rights distribution business continues to excite and we are delighted to welcome Nicky Davies Williams to the Board. And while we have faced tough challenges in the production divisions, we now look forward to progressing with a leaner business."With restructuring costs to be taken out of the equation in future financial statements and the amount of commissions the company is winning lately we should return to profitability pretty quickly...I can't believe a company of this size is trading at a £1.27M mcap currently! They have just won a 'multi-million dollar' commission for Penn & Teller. When the market wakes up to the potential here it could be explosive... GLA
longtermBLVR
28 Nov 2014
slow upwards move... on little volume...something positive to be announced???
longtermBLVR
21 Nov 2014
Re: "multi million dollar" order! and remember...Craven said in September they had 50 broadcaster collaborations, which may potentially lead to production deals!...even 5 like this one would be highly significant...ignoring follow up sales of Rights.by next year these should be turning into positive cashflows - DYOR
longtermBLVR
21 Nov 2014
"multi million dollar" order! DCD Media-owned indie September Films has won a “game changing” commission from US broadcast network The CW for magic format Penn & Teller: Fool Us.The multi-million dollar order is a major boon for DCD Media, which reaffirmed its commitment to production despite agreeing to sell Glasgow-based indie Matchlight in September.The CW, which airs dramas including The Vampire Diaries and Flash and reality competition America’s Next Top Model, has ordered a second series of the 13 x 60-minute magic series to air in 2015 with production expected to start early next year. It previously acquired the first series of the ITV-commissioned show.The show features Penn & Teller inviting aspiring magicians performing tricks to try and fool them. Anyone who fools the pair wins the right to perform in Las Vegas.It will be produced by September Films and 117 Productions.Penn & Teller: Fool Us originally aired on ITV in 2011 and was presented by Jonathan Ross. However, it generated lower than average ratings for the commercial broadcaster across its eight-part run. ITV has no plans to co-produce or acquire the latest version of the show.DCD Rights will distribute the series outside of the US and chief executive Nicky Davies Williams said that the deal provided the distributor with an “active US production to market globally”.Cutting EdgeMeanwhile, DCD-owned Liberty of London indie Rize USA has won its second factual commission in a week after Channel 4 ordered a digital dating doc for its Cutting Edge strand.Love At First Swipe (WT) will explore the world of online dating apps and their prominence in 21st century living, transforming the face of British dating. It will investigate whether apps like Tinder are becoming the essential tools to find love, or just simply to “hook-up
