Boomerang Plus PLC
18 February 2008
Date: 18 February 2008
On behalf of: Boomerang Plus plc ("Boomerang" or "the Group")
Immediate Release
Boomerang Plus plc
Drama and Extreme Sports Recommissions
Boomerang Plus plc (AIM: BOOM.L), a profitable and vertically integrated,
multi-genre, independent television production group operating within the
Nations and Regions, announces that its Drama and Extreme Sports departments
have won significant recommissions from Channel 4 and S4C.
The recommissioned drama series' include the second series of two Welsh Language
Dramas. The first recommission includes 10 x 60 minute episodes of Teulu
(translated "Family"), a Sunday evening family drama based around a doctor's
surgery in Aberaeron, Wales. The second series includes 13 x 30 minute episodes
of 2 Dy a Ni (translated "2 homes and us"), a teenage drama centred at a foster
home in the Welsh Valleys. These series will be transmitted on S4C in 2009.
Boomerang's Extreme Sports department has also been recommissioned by Channel 4
to produce the seventh series of the award winning Freesports on 4 featuring the
best of snow boarding, surfing, skate boarding, and mountain biking, amongst
other sports. The series is for transmission in 2008
The recommissions are significant and the Group expects these to contribute over
£4 million of revenues for 2008/2009.
Huw Davies, Chief Executive Officer of Boomerang Plus, commented:
"We are delighted to retain our contracts with these Drama and Extreme Sports
productions going forward into 2009. These recommissions demonstrate the
Group's proven track record and ability to produce high quality programming to
major broadcasters.
"We have a diversified offering which includes a wide spectrum of genres. We
currently look to continue to increase commissions from other television
networks within and outside of Wales."
- Ends -
For further information, please contact:
Boomerang Plus plc Via Redleaf Communications
Huw Davies, Chief Executive
Mark Fenwick, Finance Director
Redleaf Communications 020 7822 0200
Emma Kane/ Sanna Lehtinen/Anna Dunkin
Notes to Editors:
- The Group, founded in 1994, has extensive experience in producing
content in a variety of genres, including youth programming, music,
entertainment, children's programming, extreme sports and drama
- The Group has good revenue visibility as a high proportion of its
budgeted revenue is contracted with broadcasters
- The market for independent television production companies in the
Nations and Regions has grown following quotas from the regulator Ofcom, which
require that, depending on the broadcaster, between 10 per cent. and 50 per
cent. of qualifying programming hours must be sourced from outside the M25
boundary
- Boomerang is ranked in the top five independent television
production companies, by revenue, in the Nations and Regions according to the
Broadcast Survey (Nations and Regions) 2007
- The Board's strategy is both to achieve strong organic growth by
leveraging the Group's existing customer base coupled with strategic
acquisitions, with a view to becoming a major supplier to UK networks looking to
satisfy their Nations and Regions quotas
- Boomerang is well placed to lead the consolidation of regional
independent production companies across the UK. Target companies which meet the
acquisition criteria will have a strong track record, which will assist the
Group to grow further, outside Wales
This information is provided by RNS
The company news service from the London Stock Exchange
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