Media Wrap: upbeat reports from Ingenious Media Active Capital, Asia Digital Holdings, Entertainment One and Wilmington Group

Thursday, Jul 15 2010 by
1
Media Wrap upbeat reports from Ingenious Media Active Capital Asia Digital Holdings Entertainment One and Wilmington Group

BMG Rights Management has agreed a deal to buy Stage Three Music from its shareholders, Apax Partners, Ingenious Media Active Capital (LON:IMAC) and the management team. Stage Three is an independent, international music publisher founded in 2003 and run by ex-Virgin and Chrysalis CEO, Steve Lewis. The company holds the rights to a variety of contemporary compositions performed by the likes of David Essex, Duffy, Eminem, Eric Clapton and James Morrison. Stage Three is BMG's third investment of significant size made in 2010 and follows the acquisition of Cherry Lane and the Adage IV catalogue in the US. Earlier this year, Ingenious made changes to its investing policy in order to return capital of 35p per share to shareholders.

Asia Digital Holdings (LON:ADH), the independent digital marketing group, has reported significant growth and a material uplift in sales and gross profitability in excess of 50% and 30% respectively during the first six months of 2010. This uplift, combined with a reduced cost base, will result in the group reporting positive EBITDA for the period. The growth has been largely driven by continued improvement in the group's Australia and New Zealand operations and consistent positive contribution achieved across the Asian operations. Asia Digital recently launched operations in China from its Shanghai base with Dell as its first client and the company said it was pleased by progress to date. Shares in the company lifted by 24.5% to 0.36p.

Meanwhile, Entertainment One Ltd (LON:ETO), the company that specialises in the acquisition, production and distribution of film and television content, kicked off trading on London’s Official List this morning, after switching from AIM. Entertainment One is behind the UK licensing rights of the hugely popular Twilight Saga films. It said the move would give it the ideal platform to deliver further growth and enhanced shareholder value.

Finally, Wilmington Group (LON:WIL), the group that provides information and training services to professional business markets, said this morning that its trading performance in the year to June 30 was set to match expectations. The group's Publishing and Information business has seen overall trends in revenue and profit continue in the second half of the year. At the interim stage, revenue declined by 7.5% to £16.1m with profits before exceptionals down by 1.6% to £4.5m. In Training and Events, revenues…

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Vela Technologies plc is a United Kingdom-based investment company. The Company is engaged in acquiring and consolidating holdings in small and medium sized enterprises (SMEs), which are active in the development of technologies or engineering solutions. It operates through the holdings and supports of investments segment. The Company seeks investment opportunities, which can be developed through the investment of capital or where, part of or all of the consideration could be satisfied by the issue of new ordinary shares or other securities in the Company. It focuses on investments in companies, which are based in the United Kingdom or Europe. more »

LSE Price
0.11p
Change
 
Mkt Cap (£m)
1.9
P/E (fwd)
n/a
Yield (fwd)
n/a

Entertainment One Ltd is a Canada-based independent entertainment company. It develops, produces, markets and distributes content. The Company's segments include Film, Television, Music, Family and Brands, and Innovation. The Film segment in collaboration with partners develops, acquires, produces and finances film content. The Television segment through partnerships and global distribution network produces and distributes television content. The Music segment built musical brands, as the Company is part of the network eOne Management Group. The Family and Brands segment is involved in the creation of family content and develops, launches and roll out content-related products. The Innovation segment provides digital content, such as virtual reality (VR) and the platform to discover it. more »

LSE Price
576.5p
Change
-0.3%
Mkt Cap (£m)
2,872
P/E (fwd)
20.5
Yield (fwd)
0.3



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