Milestone Group plc signs agreement to license ...

Milestone Group plc signs agreement to license Disorder Content to Nexstar

MILESTONE GROUP PLC
("Milestone" or the "Company")

Milestone signs agreement to license Disorder Content to Nexstar

Milestone, the AIM quoted (AIM: MSG) provider of digital media and technology solutions, is pleased to announce that it has signed an agreement to licence Disorder to Nexstar League Ltd ("Nexstar") allowing them to syndicate the content globally.

Milestone purchased Disorder in April 2014 and has since re-launched the print version of the magazine as well as producing a new website and app. Disorder is a youth magazine focusing on talent from the music, fashion, sport and lifestyle sectors. Milestone also currently uses Disorder Magazine to provide delivery of industry-focused training for young people.

Nexstar was launched in October 2015 as a Joint Venture between Milestone and Black Cactus Holdings Pty Ltd ("Black Cactus").

Disorder Magazine can now be accessed via the Nexstar website: www.nexstarrewards.com.

Deborah White, CEO of Milestone Group Plc, commented:
"The continued development of the Disorder magazine is important to the Company both in terms of revenue and exposure. The magazine will play a key role in the creation of content for the Passion Project and already attracts numerous supporters from within the world of fashion, music and sport. The opportunity to raise the profile and value of the brand by having the combination of access to key industry media partners, genuine and high profile supporters and a significant existing audience should not be underestimated."

Lawrence Cummins, CEO of Nexstar, commented:
"The syndication of Disorder magazine is a key component of Nexstar's media distribution business and provides us and the magazine with new channels to market and opportunities to increase and engage our audiences."

For further information:

 

Milestone Group PLC
Deborah White, Chief Executive
 

 

Tel: 020 3751 6381
   
Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray / Avi Robinson
 

Tel: 020 7148 7900
  
Hybridan LLP, Broker
Claire Louise Noyce
 

Tel: 020 3764 2341



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Milestone Group PLC via Globenewswire

HUG#1973856
UK 100

Latest directors dealings