Brief: Focus Entertainment Announces Creation Of Scripteam, Acquisition Of Stakes In Two Studios

Pullup Entertainment SA

18/12/2023 16:49

Dec 18 (Reuters) - Focus Entertainment SA  ALFOC.PA :
    * FOCUS ENTERTAINMENT: CREATION OF SCRIPTEAM AND ACQUISITION
OF
STAKES IN TWO STUDIOS TO BUILD AN AUDIOVISUAL PLATFORM
    * ANNOUNCES CREATION OF SCRIPTEAM AND ACQUISITION OF STAKES
IN TWO
EXPERIENCED STUDIOS TO BUILD AN AUDIOVISUAL PLATFORM : MAKE IT
HAPPEN STUDIO (65%) AND MARVELOUS PRODUCTIONS (66.67%)
    * CONSOLIDATION OF TWO ENTITIES IN GROUP'S FINANCIAL
STATEMENTS
TAKES PLACE ON 15 DECEMBER 2023
    * CONTRIBUTION, BETWEEN 15 DECEMBER AND 31 MARCH 2024, IS
EXPECTED
TO BE AROUND EUR 1.5 MILLION IN EBITA, DUE TO DENSE ACTIVITY,
WITH RELEASE OF THREE FILMS BY 31 MARCH 2024
    * DELIVERY OF CREATIONS WILL BE LESS DENSE IN NEXT 2024/25
FINANCIAL YEAR
    * FINALIZATION OF ACQUISITION OF STAKES DOES NOT CHANGE
INVESTMENT
ENVELOPE ALREADY PROGRAMMED FOR SECOND HALF OF FINANCIAL YEAR
2023/2024

Source text for Eikon:  ID:nEQ1dZRK2a 
Further company coverage:  ALFOC.PA 

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