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2009 PRESS RELEASES |
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2008 PRESS RELEASES 2007 PRESS RELEASES 2006 PRESS RELEASES 2005 PRESS RELEASES |
Press Release - Rome 18/12/09 MONDO TV GROUP PRESS RELEASE: agreement in Italy with Turner Entertainment Networks International Ltd. (TimeWarner Group) for “Virus Attack” TV cartoon broadcasting on Cartoon Network and Boing starting from Christmas 2010. The executive production together with the company Suk has started.
Licensing rights will be distributed by Turner CN Enterprises Italia.
Mondo TV S.p.A. - a leading cinema and TV cartoon production and distribution company operating in Italy and abroad - has signed an agreement with Turner Entertainment Networks International Ltd. (TimeWarner Group) which provides for the broadcasting of the TV cartoon serie “Virus Attack” on Turner Group’s TV present in Italy.
According to the contract, the cartoon serie “Virus Attack” - composed of 52 episodes of 13 minutes each - will be broadcasted on Cartoon Network (Sky Italia, Mediaset Premium Fantasy and Fastweb TV) and Boing (free DGTV).
Consolidated revenues in the 1st January-30th September 2009 period totalled € 6.3 million, more than doubled compared to € 3.5 million in the same period of the previous fiscal year. The positive performance was due to the higher sales volumes of the old library and the launch on the Italian and international market of the new Angel’s & Friends cartoon series, the first series that ushers in the new industrial strategy of the Group, with a more specific focus on the core business of animated cartoons.
“Virus Attack” is currently under production by Mondo TV Group together with the company Suk.
The contract with the Turner Group provides for a period of three years for the exclusive broadcasting of the animated series on the channels mentioned above.
Turner's Cartoon Network Enterprises will be responsible for distribution in Italy of licensing and merchandising rights related to characters and actors from the series which, by virtue of its sales force and distribution, it is hoped a significant economic return. All rights for home video exploitation remain to the ends of the Mondo TV Group.
The subject of “Virus Attack” is based on the adventures of five teenagers, led by a brilliant scientist, who discover to have special powers that they use to save the earth from a massive virus attack aliens; viruses that can infect humans, turning them into their replies, change and even merge with each other. Viruses are nourished and derive their strength from pollution and human evil. A fascinating story, highly topical, full of twists, but with a happy ending.
Mondo TV S.p.A. is quoted on the Star segment of the Italian Stock Exchange, is a group with headquarter in Rome and composed of nine companies, leader in Italy and among major European players in the production and distribution of animated TV series and feature films for the television market and cinema, as well as active in related areas (distribution of audiovisual and music, multimedia exploitation, publishing and merchandising)..
Suk, a laboratory of ideas for kids and teenagers. The team, based in Milan, is responsible, in the round, for the creation of concepts, products and licenses for these targets.
Suk, a laboratory of ideas for kids and teenagers. The team, based in Milan, is responsible, in the round, for the creation of concepts, products and licenses for these targets.
Turner Italia, a company of TimeWarner Group, transmits thematic entertainment and news channels which are leaders in their fields: Cartoon Network, Boomerang, Boing TV (in joint venture with RTI) and CNN International. Since '98 in Italy, Turner broadcasts on Sky Cartoon Network, Cartoon Network+1, Boomerang, Boomerang+1 and CNN International. Cartoon Network broadcasts a unique mix of programming: lots of cartoons (from Cartoon Network Studios series, including Ben 10 and Le Superchicche, acquisitions such as Star Wars The Clone Wars and Bakugan), series of successful live-action (such as telefilm Flor and Teen Angels) and movies.
From December 2008, Cartoon Network is also present within Mediaset Premium Fantasy on digital terrestrial. Boomerang was founded in July 2003, dedicated to classic animation (as Scooby Doo, Tom & Jerry and Looney Tunes) and new productions such as Hello Kitty and The Garfield Show, directed to young kids and to a shared vision. In November 2004, Boing TV is launched on digital terrestrial TV free: with its offer of cartoons, TV series, films, documentaries and game shows Boing is today the television N° 1 for kids of all Italian TV.
Rome, 18 December 2009 MONDO TV GROUP PRESS RELEASE: quarterly report at 30 September 2009. Revenues doubled, the parent company’s net profit reached € 1.2 million.
Consolidated results for the first 9 months:
• Revenues of € 6.3 million (+106% compared to the first 9 months of 2008) Strong upturn in the Group’s net financial position, € -4 million.
Parent company’s results for the first 9 months:
• Revenues of € 5.7 million (+47% compared to the first 9 months of 2008)
Mondo TV S.p.A. - a company listed on the STAR division of Borsa Italiana and leading company in the Group that produces and distributes cartoons for TV and cinema in Europe – today approved the Group’s Interim Report at 30 September 2009.
In the 3rd quarter and in the first nine months of FY 2009, the Group earned particularly positive revenue results and has improved its profit, thereby allowing the parent company to achieve positive net results and a significant improvements over the corresponding period last year.
Consolidated Results For The First Nine Months
Consolidated revenues in the 1st January-30th September 2009 period totalled € 6.3 million, more than doubled compared to € 3.5 million in the same period of the previous fiscal year. The positive performance was due to the higher sales volumes of the old library and the launch on the Italian and international market of the new Angel’s & Friends cartoon series, the first series that ushers in the new industrial strategy of the Group, with a more specific focus on the core business of animated cartoons.
Consolidated EBITDA reached € 863 thousand, a strong upturn compared to € -1.2 million in 2008, mainly due to the increase in revenues and to the limited structural overheads.
Amortisation and depreciation equalled € 2 million, slightly up compared to € 1.9 million in the first 9 months of the previous fiscal year. Consolidated EBIT also reported a marked increase, ending the period with a value, that while negative for € 1.2 million, was still significantly better than the € - 3.1 million balance reported in the same period in 2008.
The consolidated net result was positive for around € 800 thousand compared to the negative balance of € 4.2 million in the January-September 2008 period. This was due to a) net financial income of € 2.1 million – mainly related to the disposal of Mondo Home Entertainment Group –, b) the taxes for the period, and c) the minority result.
The Group’s net financial position at 30 September 2009 was negative for roughly € 4 million, reporting a marked rise compared to € -27 million at 31 December 2008, due to the disposal of Mondo HE Group, which was not included in the scope of consolidation.
Consolidated Results Of Q3
Considering only the July-September 2009 quarter, Mondo TV Group registered consolidated revenues of € 2.1 million, a marked increase compared to € 694 thousand of the same quarter in 2008.
Consolidated EBITDA reached a positive value of € 161 thousand, compared to € -664 thousand in the July-September period of the previous fiscal year.
The Group’s EBIT was slightly negative for € 409 thousand, compared to € -1.2 million in 2008, due to amortisation and depreciation for the period of about € 570 thousand.
Net of net finance income, estimated taxes for the period, and the minority result, the net result was positive for € 230 thousand, versus a loss of € 924 thousand in the corresponding quarter last year.
Parent Company’s Results For The First Nine Months
The parent company Mondo TV S.p.A. registered revenues of € 5.7 million, up 47% compared to € 3.9 million in the first nine months of 2008. EBITA stood at € 1.6 million, compared to € 104 thousand in the same period of 2008. The net result was positive for € 1.2 million, against a € 1.2 million loss in the first nine months of the previous fiscal year.
Significant Events Occurring In The Nine Months Of 2009
On 26 March 2009, the Company sold 24.3% of Mondo Home Entertainment SpA share capital, while on 4 May, the Company initiated a plan to sell shares in order to dispose of the equity investment. Pursuant to these transfers, the equity investment decreased from 56.97% to 14.93% at 30 September 2009. As of 1 April 2009, the Mondo HE group is no longer consolidated by Mondo TV.
The operations were conducted while redefining their strategic plans that include a sharper focus on the core business of animated cartoons.
The Company continued production in the quarter on the animated series Angel’s Friends and by period-end, the show was being broadcast in the first two major countries, Italy (on Italia 1) and Spain (on Cartoon Network and Telecinco).
Concurrently, the licensing rights were distributed in these two countries, which will represent a major source of future income for the Group.
Events Subsequent To The Close Of The Period And Business Outlook
After the end of the period, the Company continued its plan to divest its shares in Mondo HE; at today’s date, the equity investment of Mondo TV in Mondo HE is less than 2%.
At the date of this report, the Company expects to close the year in line with the forecasts approved by the Board of Directors and announced to the market on 31 August 2009.
Statement By The Appointed Executive
According to paragraph 2 of article 154 bis of the Consolidated Finance Act, the Executive appointed to draft corporate accounts, Mr. Carlo Marchetti, stated that the accounting information herein contained tallies with the company’s documentary evidence, ledgers and accounts. This document has not certified by auditors.
Please Note: included are the key financial data included in the semi-annual report
approved by the Board at 30 September 2009
Mondo TV S.p.A. is one of the leading animation production and distribution companies in Europe. Founded by Orlando Corradi in 1985, it distributes and produces cartoon series and feature films for television and cinema release. It has the second largest library in Europe by number of works, with more than 1,650 proprietary cartoon TV episodes and the distribution rights to over 2,500 episodes of Japanese cartoons. Mondo TV creates, produces and distributes cartoon series and features on its own or in co-production with leading Italian and international networks. The production process involves more than 1,200 designers, animators, artists, set designers and directors working in the animation studios.
ISIN Code: IT0001447785 – Abbr.: MTV – Traded on MTA - Mkt capt.: € 33 million – Reuters Code: MTV.MI – Bloomberg Code: MTV.IM
Rome, 12 November 2009 MONDO TV GROUP PRESS RELEASE: Board of Directors Approves New
Consolidated Budget for Fiscal 2009 Roughly 14.9 million Euros in consolidated revenue
Consolidated EBITDA of roughly 3 million Euros
Roughly 400,000 Euros in positive consolidated Net Financial Position assessed at roughly Roughly 20 million Euros in net worth
Chaired by President and CEO Orlando Corradi, the Board of Directors for Mondo TV S.p.A. - leading company of Mondo TV Group, which produces and distributes animated cartoons for TV and cinema – has approved the new consolidated budget for fiscal 2009.
Rome, 9 June 2009 | ||||||||||||||
