CFL Contentfilm

TIDMCFL

RNS Number : 8441C

Contentfilm PLC

14 March 2011

Date: 14 March 2011

On behalf of: ContentFilm plc ('the Company', 'the Group' or 'Content')

Embargoed until: 11:00hrs

Content Media Corporation plc

-- Trading Update

The Board of Content Media Corporation plc, a pre-eminent owner of media rights supported by strong film, TV and digital sales divisions, today provides shareholders with a trading update.

As the Company approaches its year end of 31 March 2011 (FY11), the Company is pleased to report that trading for FY11 across the Group has been solid. Following on from the pleasing results last year, the Company expects to have another similarly positive year with results that will meet management's expectations.

Trading in the television division has been strong with library revenues holding up particularly well. Additionally, the Company has had a strong year from its drama offerings which included its returning drama shows "Heartland" and "Republic of Doyle" and its brand new drama, "Thorne". Furthermore the division is pleased to announce that Collins Avenue has recently secured three US broadcast commissions, totalling 15 hours of production in total.

Trading in the film division has been steady within a continually challenging market environment. Whilst library revenues have held up well, margins in sales of new films have been lower in FY11. "Ironclad" has begun its worldwide distribution and "The Divide" and "Age of Heroes" have recently been completed. The division acquired two completed films at this year's Sundance Film Festival - Morgan Spurlock's "POM Wonderful Presents: The Greatest Movie Ever Sold" and "Knuckle" - and we expect the sequel to one of its franchise films to be announced shortly.

Our digital division continues to grow and maintains its market leadership. Sales in FY11 of multi platform programming have continued to be strong and revenues from traditional programme catalogue sales to digital platforms have increased significantly. In particular, we have been pleased with the performance of newly launched multi platform properties like "The Booth" and "Pretty Tough" from our partner, Vuguru, and "The Cut" from the BBC. Sales of existing multi platform properties such as "Valemont" and "Happy Tree Friends" have also remained strong.

Following approval earlier today of the Company's change in name, the new branding for the Company is currently being released. Details of the branding will be available on the Company's web-site.

Mr John Schmidt, Chief Executive Officer of Content Media Corporation, commented:

"As we approach the end of our fiscal year, I am pleased to report that trading has been solid and we expect a similarly positive result to last year. Our television division has done very well this year, with strong library sales and growth in drama. Our digital division has had another year of growth and the recent investment in Spirit digital media and the ongoing Vuguru product are expected to continue that trend. Film sales are holding up, but it continues to be a challenging market sector. We thank our shareholders for approving our name change which will rebrand our business as we integrate our efforts across film, television, and digital sales."

- Ends -

Enquiries:

 
 John Schmidt/Geoff Webb      www.contentmediacorp.com 
 ContentFilm PLC              Tel: 
                               020 7851 6500 
 Robert Emmet 
 Throgmorton Street Capital   Tel: 020 7070 0973 
 
 
 Philip Secrett/David Hignell//Colin 
  Aaronson 
 Grant Thornton Corporate Finance      Tel: 020 7383 5100 
 
 

Notes on Content Media Corporation plc

Content Media Corporation plc ("Content", formerly ContentFilm plc), is a publicly traded, global entertainment media company based in London with offices in Los Angeles, New York and Toronto, which owns and distributes a significant library of film, television and digital assets. Content Film (formerly ContentFilm International), the film sales division, holds the rights to 200 titles and helps producers secure financing, marketing and distribution. The division also acquires top-tier documentaries. Content Television (formerly Fireworks International) is the television sales division, which holds the library rights to 3,200 hours of TV programming and 300 hours of digital content. Content Digital licenses new and existing properties to digital media platforms worldwide, including on-demand, broadband and mobile.

In addition, Content owns a significant stake in the following companies:

-- Phase 4 Films, a film and home video distributor in the United States and Canada, headquartered in Toronto and run by CEO, Berry Meyerowitz

-- Collins Avenue, a television production company based in Los Angeles and run by producer, Jeff Collins. Recent credits include "Fly Girls" on the CW network and "Outrageous Kid Parties" on TLC. Collins Avenue is also in production with two new series, one for Lifetime and another for Animal Planet.

-- Spirit Digital Media, a digital studio established by Peter Cowley, former MD of Endemol UK Digital.

# # #

This information is provided by RNS

The company news service from the London Stock Exchange

END

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