Brief: Squirrel Media Buys Spanish Production Company Comercial de Contenidos Audiovisuales

Squirrel Media SA

12/10/2022 06:25

Oct 12 (Reuters) - Squirrel Media  SQRL.MC :
    * SAID ON TUESDAY IT HAD ACQUIRED 100% STAKE IN COMERCIAL DE
CONTENIDOS AUDIOVISUALES 2007 SL, A COMPANY FOCUSED ON THE
CREATION, PRODUCTION AND DISTRIBUTION OF AUDIOVISUAL CONTENT
    * THE ACQUISITION WILL BE FULLY FINANCED WITH THE COMPANY'S
OWN
FUNDS
    * THE CONTENT PRODUCTION OF THE ACQUIRED COMPANY IS CARRIED
OUT
UNDER THE LA NUEVA TV BRAND AND INCLUDES SERIES AND PROGRAMMES
CURRENTLY ON TELEVISION AND PRODUCTION OF NEW ONES
    * IN TERMS OF CONTENT DISTRIBUTION, COMERCIAL DE CONTENIDOS
AUDIOVISUALES HAS A CATALOGUE OF ITS OWN AND MANAGES OTHER FILMS
AND TV SERIES FROM THIRD PARTIES 
    * COMERCIAL TV ALSO MANAGES CARACOL TV'S COMMERCIAL
INTERESTS
OUTSIDE THE AMERICAS
    * COMERCIAL DE CONTENIDOS AUDIOVISUALES EXPECTS 2022
TURNOVER OF 3
MILLION EUROS AND EBITDA OF 300,000 EUROS AND SEES 2023 TURNOVER
OF 4 MILLION EUROS AND EBITDA OF 450,000 EUROS
    * SQUIRREL MEDIA IT IS CURRENTLY IN NEGOTIATIONS WITH THIRD
PARTIES FOR THE INTEGRATION OF OTHER SIMILAR COMPANIES

        
 Source text: https://bit.ly/3RUI9IR
 Further company coverage:  SQRL.MC  
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