VCL Film + Medien AG
VCL Film + Medien AG publishes positive first quarter result
VCL Film + Medien AG / Quarter Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Munich, April 18, 2008 – VCL Film + Medien AG (ISIN DE0003304374) publishes today, that the expectations of the management were met to be profitable in the first quarter 2007/2008. The group turnover was TEUR 2,865 (previous year TEUR 2,707) in the first quarter 2008 – an improvement of six percent compared to the previous year. The integration of Equity Pictures Medienfonds GmbH continued in the first quarter 2007/2008 and contributed towards the stabilisation of the revenue and earning situation as expected. On behalf of its limited partners, the newly added company holds a total investment value of more than EUR 300 million in Equity Pictures Medienfonds I-IV, which is invested in 29 movies such as John Rambo with Sylvester Stallone, The Code with Morgan Freeman and Antonio Banderas, Hostage and 16 Blocks, both with Bruce Willis or Black Dahlia starring Scarlett Johansson and Hilary Swank as well as One Missed Call with Shannyn Sossamon and Ed Burns. John Rambo successfully started in the US and has a box office result of more than US$ 100 million. The film One Missed Call has an actual box office result of about US$ 40 million. Since January 2008 the movie funds management also offers the service for the investors of the Cinerenta funds – 38 feature films are actively managed. During the actual business year, revenues of EUR six million are expected in the segment of film funds management. Since April the film Hostage, the first out of four blockbusters, is available in the blu-ray high definition format. The new format offers further film distribution possibilities mostly without any licence or guarantee payments. Around 700 titles are available to VCL in the movie library for further utilization. The Management Board VCL Film + Medien AG www.vcl.de 18.04.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: VCL Film + Medien AG Wolfratshauser Str. 84 81379 München Deutschland Phone: +49 (0)89 354 97-0 Fax: +49 (0)89 354 97-357 E-mail: IR@vcl.de Internet: www.vcl.de ISIN: DE0003304374 WKN: 330437 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, München, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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