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Pat boosts ER half-times - ToyNews

Pat boosts ER half-times

Entertainment Rights has published its half-time results for the six months ended June 30th 2005, with turnover and profit up and international expansion on the cards for next year.
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Turnover increased by 37 per cent to £12.4m from £9.1m in the same period the year before, while operating profit was up from £800,000 to £1.2m ? an increase of 56 per cent.

Postman Pat has now been signed up by HBO in the US and Disney in Japan and is expected to generate significant new revenue streams next year.

Rod Bransgrove, chairman of Entertainment Rights, said: ?The first six months of 2005 has been a significant period for Entertainment Rights with the Group delivering on key objectives, most importantly, securing broadcast platforms for Postman Pat in the US with Time Warner?s HBO and with Disney in Japan.

" Placing Postman Pat on these prestigious broadcast platforms in the world?s two largest toy markets represents a considerable milestone for the brand and offers the Company significant opportunities in two of the world?s largest economies. We plan to build on the awareness of the Postman Pat brand in the US and Japan by launching toy lines supported by consumer products roll-out throughout 2006 and beyond.

?Our formidable record of producing top quality children?s and family programming coupled with our strong commercial relationships with the world?s leading broadcasters and consumer products partners consolidates ER?s position as a leading global children?s and family media business.?

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