26.07.2016
PANTALEON Entertainment AG DE000A12UPJ7
DGAP-News: PANTALEON Entertainment AG Releases Revenue Estimates for First Half of 2016
DGAP-News: PANTALEON Entertainment AG / Key word(s): Half Year Results
PANTALEON Entertainment AG Releases Revenue Estimates for First Half of 2016
26.07.2016 / 20:04
The issuer is solely responsible for the content of this announcement.
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PANTALEON Entertainment AG Releases Revenue Estimates for First Half of
2016
- "The Best Day Ever" most successful German release of the year
- Core business develops as expected
- PANTAFLIX launch coming soon
Kronberg im Taunus, July 26, 2016 - PANTALEON Entertainment's box-office
hit "The Best Day Ever" is the most successful German film released this
year so far. The popular comedy from the PANTALEON shingle sold 1.65
million tickets at the German box office alone, grossing EUR13.53 million,
the number one domestic production in Germany this year to date.
In its core business activities, PANTALEON marked a watershed in German
video-on-demand production, with the start of principal photography on
series "You are Wanted" for Amazon Prime Video, in co-production with
Warner Bros. "You are Wanted" is the first German production commissioned
by a major streaming video provider ever, underscoring PANTALEON's
pioneering role. Also, PANTALEON Group is producing its first made-for-TV
movie with "Jack the Ripper" (WT) for ProSieben Sat1.
These two productions alone represent revenue in the double-digit millions
of Euros for PANTALEON in the first two quarters of 2016. Since they won't
appear in the books until completion in the second half of the fiscal year,
they have not impacted sales and other income from normal business activity
in the books, which amount to EUR2.0 million, mainly consisting of revenue
from TV rights to "Joys of Fatherhood", already at an advanced stage of the
exploitation chain.
"You are Wanted" and "Jack the Ripper" (WT) will not be booked as revenue
until after completion, with shooting starting in late May, so they are
listed as "Uncompleted Services" in the semi-annual report, with a total
volume of EUR5.7 million.
Especially due to the time and cost efficient development of PANTAFLIX and
preproduction costs for the end of May started production the company
achieved earnings from ordinary business activities of -2.5 million Euro
(previous year: -0.95 million euros). This result exceeds the own plans of
the company and external analysts.
"Along with the operational successes of our core business in the first two
quarters, we are very proud to have achieved all the technical
prerequisites to complete our innovative, cloud-based VoD platform
PANTAFLIX," says PANTALEON Entertainment CEO Dan Maag. "Along with the
profits expected from our core business in the second half of 2016, we also
await great things from the eagerly anticipated launch of PANTAFLIX. The
positive reactions from the film industry make us very bullish about the
prospects for a successful launch of this high-growth new business area,
which will revolutionize our company and a whole sector when it succeeds."
You can find the complete semi-annual report on the company website in the
coming days at www.pantaleonentertainment.com in the section Investor
Relations > Financial Reports.
PANTALEON Entertainment AG:
PANTALEON Entertainment AG is a media company with a strong focus on
cinema. The core activity of PANTALEON Entertainment AG and its
subsidiaries is the development and production of feature films as well as
the exploitation of the rights arising therefrom, which are usually
marketed by worldwide leading film distributors on a national and
international basis along many steps of a chain of rights designed to best
exploit them. The basis of the PANTALEON Group was formed in 2009 with the
founding of PANTALEON Entertainment GmbH in Berlin. Today, 2016, PANTALEON
belongs to the leading German companies in the production of feature films
and innovative entertainment formats. The company is headquartered in
Kronberg im Taunus. Feature films are developed at its offices in Berlin,
Munich and Frankfurt am Main, the consistent quality of which makes them
amongst some of the most successful national productions in recent years.
In 2016, PANTALEON starts the global roll-out of its innovative cloud-based
Video-on-Demand (VoD) platform, PANTAFLIX. You can find more information at
www.pantaleonentertainment.com
Contact:
PANTALEON Entertainment AG
Katharinenstraße 4
D-61476 Kronberg im Taunus
Tel.:+49 6173 3945095
Fax: +49 6173 3945097
E-Mail: [email protected]
Investor Relations Contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Freihamer Strasse 2
D-82166 Gräfelfing/München
Tel.:+49 89 89827227
E-Mail: [email protected]
Disclaimer:
This publication constitutes neither an offer to sell nor an invitation to
buy securities or stocks. In the private placement only selected investors
are addressed, who are specifically not US persons within the meaning of
the US Securities Act of 1933. This release may contain forward-looking
statements and information identified by words such as 'expects', 'wants',
'anticipates', 'intends', 'plans', 'believes', 'seeks', 'estimates', 'will'
or similar terms. Such forward-looking statements are based on our current
expectations and certain assumptions, which may involve a number of risks
and uncertainties. The actual results achieved by PANTALEON Entertainment
AG may substantially differ from these forward-looking statements.
PANTALEON Entertainment AG assumes no obligation to update these forward-
looking statements or revise them due to differing or unexpected trends.
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26.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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