Zinc Media secures £4m in revenues
By Iain Gilbert
Date: Thursday 26 Sep 2024
(Sharecast News) - Production group Zinc Media announced on Thursday that two of its popular series have been recommissioned, bringing in a combined value of £4.0m in revenue across FY24 and FY25.
Zinc Media said Red Sauce, its popular factual label, has been recommissioned to produce a new 80-episode series of Bargain Loving Brits in the Sun, with filming due to begin next month and continuing into early FY25, while its Rob Rinder and Rylan Clark-led vehicle will also return for a new series, titled Rob & Rylan's Passage to India.
The AIM-listed group stated the new contract wins, which span FY24 and FY25, reaffirmed its confidence that it was currently trading in line with market expectations.
Chief executive Mark Browning said: "Returning series illustrate the revenue quality within the group, with 80% of our customers returning to our companies year-on-year. These two returning series demonstrate the deep client relationships we have within our portfolio of companies and further underpins the confidence we have in our long-term growth."
As of 1050 BST, Zinc Media shares were up 1.56% at 65.0p.
Reporting by Iain Gilbert at Sharecast.com
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