RNS Number : 4994G
Metrodome Group PLC
02 February 2010
2 February 2010
Metrodome Group plc
("Metrodome" or the "Company")
Co-Production Deal
Trading Update
Metrodome (MRM.L) is pleased to announce its first co-production deal in conjunction with US Producer and Sales Company Koan Inc for a new action adventure film, 'Dragon Fire', (working title) which begins shooting this month. The film is based on the classic story of 'Moby Dick' and stars Vinnie Jones and Danny Glover and is being directed by Ryan Little ('Saints and Soldiers'). As well as Co-producing the film, Metrodome will distribute in the UK & Eire and will hold an equity stake in the movie worldwide.
Metrodome has set up a new wholly owned production company, 'Cinedome Limited' and CEO; Peter Urie is the Executive Producer on behalf of the company. The production, which should be completed by November this year and on general release in Q1 2011, is the first of a number of productions that are currently under development and marks the first step in Metrodome's plans to expand on the Company's core business of film and DVD distribution. The move comes as Metrodome prepares to announce strong growth for the year to 31 December 2009, with all areas contributing to an increase in sales. Key title releases for the year include 'Warlords' (DVD) and 'Shifty' (Theatrical and DVD). DVD Sell Through and DVD Rental had a particularly good year after the disruption caused by the demise of Woolworths, Zavvi and Entertainment UK in December 2008, with both areas performing ahead of expectations.
For further information please visit www.metrodomegroup.com, or contact:
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Metrodome Group plc
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Peter Urie
Steve Winetroube
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020 7766 6800
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Astaire Securities
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Antony Legge (Nomad)
Katie Shelton (Broker)
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020 7448 4400
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Tavistock Communications
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Duncan McCormick
John West
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020 7920 3150
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