Zinc Media Group PLC Trading Update (0877A)
28 Mayo 2021 - 1:00AM
UK Regulatory
TIDMZIN
RNS Number : 0877A
Zinc Media Group PLC
28 May 2021
28 May 2021
Zinc Media Group plc ("Zinc Media" or the "Company" or the
"Group")
Trading update
Zinc Media Group plc (AIM: ZIN), the TV and multimedia content
producer, is pleased to announce a trading update ahead of its 2021
Annual General Meeting today.
The Company has won a further GBP1.9m of new commissions for
2021 in the last 5 weeks since its last update on 23(rd) April,
coinciding with the easing of lock-down restrictions. GBP1.4m comes
from the recommission of two returning series and a one-off
documentary, and GBP0.5m from Tern TV and the new Zinc Communicate
combined.
Zinc Media has had one previously commissioned programme worth
GBP0.8m cancelled due to Covid and a further GBP0.5m of programmes
have been delayed to 2022 following the latest lockdown,.
The pipeline continues to build in line with the last market
update. The Group has a number of high value productions at
advanced or highly advanced stages of discussion with channels.
Channels have been hesitant to green light these high value
programmes during Covid, but the Group is hopeful a number of these
will be signed off in the months ahead as confidence returns in the
market.
Mark Browning, Chief Executive Officer, commented:
"Winning nearly GBP2m of new business in 5 weeks is an excellent
strike rate for the Group. We know we have a strong pipeline, and
this burst of commissioning gives further confidence to this. It is
frustrating for our hard-working teams that we have had one big
show cancelled due to Covid and some revenue delayed because we
have been unable to film in line with our original plans. However,
the Group has a strong pipeline, including some very large
opportunities. As the market unlocks, and these programmes get
commissioned, the Group will see revenues build back to pre-Covid
levels.'
For further information, please contact:
Zinc Media Group plc +44 (0) 20 7878 2311
Mark Browning, CEO / Will Sawyer, CFO
www.zincmedia.com
N+1 Singer (NOMAD and Broker to Zinc Media) +44 (0) 20 7496
3000
Mark Taylor / Sebastian Burke
About Zinc Media Group
Zinc Media Group plc is a leading television and content
creation group.
The award-winning and critically acclaimed television labels
comprise Blakeway, Brook Lapping, Films of Record, Red Sauce,
Supercollider and Tern Television and produce programmes across a
wide range of factual genres for UK and international channels.
Zinc Communicate specialises in developing cross-platform
content for brands, businesses and partners.
For further information on Zinc Media please visit
www.zincmedia.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTFLFLSEVIDFIL
(END) Dow Jones Newswires
May 28, 2021 02:00 ET (06:00 GMT)
Zinc Media (LSE:ZIN)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Zinc Media (LSE:ZIN)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024