Among those dealswhich are contingent on a successful offeringinclude moves for majority control over Dutch companyID&T, the promoter behind festivals Tomorrowland and Sensation; Made Event, creator of the Electric Zoo festival in New York;i-Motion, owner of Germanys Nature One event; andTotem Onelove Group, the producer of Australias Stereosonic festival. In grouping together its already existing assets with those it plans to acquire, SFX reported a combined $242 million revenue last year with a net loss of about $47.9 million in its prospectus. The New York City-based company currently carries $64.5 million in debt. Speaking last year to FORBES, Sillerman coyly avoided discussions on the profitability of the electronic music business. The last thing well be thinking about is margins, he said last July. You know if you make cars or washing machines or something like that, I guess you have to focus on margins. Thats not the way I view the entertainment businessI view it as an art not as a science. The SFX CEO is currently unable to address the media as his company has entered an SEC-mandated quiet period following its IPO filing. He controls 57% of the according to the companys prospectus.
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However, Seymour argued that despite compelling research, as a business Nickelodeon has every right to decide what advertising it accepts and rejects. California-based mom Jennifer Fort-Brawley agreed, adding that nutrition the responsibility of a childs parents. My kids have eaten fast food from time to time their whole lives. I monitor their eating and keep them active, she said. And while Disneys new plan means it may have to turn away several top-dollar advertisers, some predict that the positive publicity will still pay off. It is showing that Disney cares about its consumers, that Disney is a safe place for parents to let their children watch television and will likely help their bottom line because they have catered to parents who concerned about this type of advertising, explained John Conway, entertainment attorney and President of Astonish Media Group. He added that theres a chance Disneys decision could lead to a financial win-win for both networks. He suggested junk food advertisers may rush to Nickelodeon to get their message to their target audience.
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ENTERTAINMENT ONE LTD. 1 July 2013 TRANSFER TO A PREMIUM LISTING Entertainment One Ltd. ("eOne"or the "Company") announces the approval by the UK Listing Authority of the transfer of the listing category of all of its common shares from the standard listing segment to the premium listing segment of the Official List of the Financial Conduct Authority, in accordance with Listing Rule 5.4A (the "Transfer"). The Transfer will take effect at 8.00 a.m. today. Darren Throop, Chief Executive Officer, commented: "Today marks a significant day for the Group following a transformational year and consistent performance since listing.
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