DCD Media reveals FY figures - Licensing.biz

DCD Media reveals FY figures

Revenue stands at £34.5m, while gross profit rises to £8.7m.
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Independent TV production and distribution group DCD Media has reported its financial results for the year ending June 30th 2009.

Revenue for the period was £34.5 million (2008: £34.0m), while gross profit was up to £8.7 million (2008: £4.9m).

Operational highlights during the period included the establishment of DCD Publishing, which is charged with exploiting ancillary rights to third party and DCD-generated programming. It is already making significant in-roads with Richard Hammond's Blast Lab.

The company has also announced the appointment of David Green as chief executive officer.

"The group has demonstrated extraordinary resilience during a challenging period for the TV production industry," commented David Elstein, chairman of DCD Media. "The vertically integrated model of DCD and the breadth of our production genres affords us the versatility to focus on profitable activity, while minimising our costs in weaker areas."

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