London based international film group Intandem Films (LON:IFM) is set to post a decline in revenues when it reports its figures for the full year to June 30 in November. However, the group said it was on course to deliver a reduction in losses on the previous year when revenues came in at £0.6m and losses topped £1.9m. Trading for the current financial year is understood to have started well with sales being concluded with UK distributors for both The Kid and Beneath Hill 60. The Kid is expected to be released in cinemas and Beneath Hill 60 on DVD in the UK during September 2010.

Elsewhere, The Veteran concluded shooting in London during August 2010 and is expected to be completed in the first quarter of 2011. Discussions are ongoing with a number of UK and international distributors regarding this project. Intandem has also added to its library of completed films, having been appointed as the sales company for Telstar, directed by Nick Moran and starring Kevin Spacey and James Corden. Telstar is a music-infused drama about Joe Meek, the flamboyantly gay, tone deaf, songwriter-producer behind the '60s hits "Have I the Right," "Just Like Eddie," "Johnny, Remember Me" and "Telstar". The company is currently finalising North American distribution for this film.

Intandem's strategy is to secure worldwide sales rights for films in the $10m-$25m budget range. The company is currently in negotiations to close the financing on four such films. Whilst it is taking longer to conclude than originally anticipated, Intandem said it was confident of a successful outcome, which will significantly increase revenue in the form of sales commission.

Gary Smith, Intandem’s chief executive, said: “We are encouraged by Intandem's progress and we look forward to updating the market in the annual accounts, which are expected to demonstrate a significant reduction in losses for the period and will be published in November. Telstar is a welcomed addition to our library of completed films, which now stands at 30. We have various other projects in the pipeline and, despite negotiations often taking longer than expected, we are pleased that a number of these projects are now nearing completion.

Smith noted that the company's cost base could be predetermined with reasonable accuracy, which means the business model is very highly leveraged. “A significant increase in revenue will lead…

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