In its financial results for the fiscal year ending March 31, 2013, global entertainment company Content Media racked up a revenue increase of 54%, and says deals such as acquiring a stake in Alex Gibney’s Jigsaw Productions helped propel the growth.
The production and distribution company, which houses the divisions Content Film, Content Television and Content Digital, reported revenues of £46.9 million (US$71.5 million), a 54% increase over 2012′s £30.5 million. Reported profit after tax shot up to £8.8 million (US$13.4 million), the result of a large gain on conversion of the company’s preference shares.
Over the course of the 2013 fiscal year, Content Media engaged in a number of deals that the company says contributed to its bottom line: an acquisition of a 50.1% stake in Alex Gibney’s Jigsaw Productions, which experienced a strong year through such documentaries as Mea Maxima Culpa: Silence in the House of God and History of The Eagles; the acquisition of a 50.1% stake in Preferred Film and Television; the selling of its 25% stake in Phase Four Films; and taking the company private after what it calls “several aimless years” with a public listing, which allowed the company to raise equity for the first time in six years.
The company also said its existing operating businesses had a strong year, with U.S.-based prodco Collins Avenue experiencing “significant growth” via the success of its Dance Moms franchise, and Content Television and Content Digital also enjoying successes via such properties as The Fall, starring Gillian Anderson, and Halo 4: Forward Unto Dawn, respectively.
“There are other deals in the pipeline and we expect to be able to announce those soon,” said Content CEO John Schmidt in a statement. “Our current year, fiscal 2014, should bring more of the same: increased revenue growth and profitability, more deals with great partners and strong execution on our core businesses.”