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23 May 2019

 

MONDO TV S.p.A.: Mondo TV received today the report from the tax authoirty which totals approximately to euros 1.1 million, with reference only to the year 2014

 

Matteo Corradi: “The management believes that this report, which at this time is of a modest amount compared to the company's liquid assets and equity, is completely groundless, deprived of legal cause and notified out of time. We therefore believe that in the judgment it will be easily reversed, and the company will be able to emerge unharmed, as it happened with the reports issued after the 2014 inspection, which were all canceled by the first and second degree tax commissions, with condemnation of the Tax Authority to the reimbursement to Mondo TV of the relevant judicial expenses ”

 

23 May 2019 Following the press release dated May 13, 2019, whereby the Company informed about the ongoing verification by the tax authority and the receipt of an informal communication according to which the same authority was oriented in the sense of disregarding the tax credit used by Mondo TV in the years from 2012 to 2019, Mondo TV hereby informed that today the official report was notified to Mondo TV, which for now amounts to only around euros 1.1 million plus fines and interests, in relation to the year 2014.

 

The same report contains a report to the offices and the company in relation to the use of the tax credit in the other years, which could therefore be subject to further verifications.

 

The company may notify to the tax authority its observations and comments within 60 days in relation to the today’s official report.

 

On the above, as stated by the Managing Director Matteo Corradi, “The management believes that this report, which at this time is of a modest amount compared to the company's liquid assets and equity, is completely groundless, deprived of legal cause and notified out of time. We therefore believe that in the judgment it will be easily reversed, and the company will be able to emerge unharmed, as it happened with the reports issued after the 2014 inspection, which were all canceled by the first and second degree tax commissions, with condemnation of the Tax Authority to the reimbursement to Mondo TV of the relevant judicial expenses ”.

 

Click here to download the file: 23 May 2019 (it & en)

 


 

20 May 2019

 

MONDO TV S.p.A.: Agreementement reached for the exploitation of the House of Talent brand for the production of a web series and the development of related licensing and merchandising

 

The agreement provides for the production of at least 260 episodes, with the protagonists of House of Talent, the digital phenomenon among Italian teen audience

 

In addition to the production of the episodes, and their distribution, Mondo TV will also be the distributor of licensing and merchandising rights

 

Matteo Corradi, Chairman of Mondo TV, said: "I thank Matteo Altieri for choosing Mondo TV as a partner in this beautiful and innovative project, which allows Mondo TV Group to cooperate in the development of a project that is already successful. Furthermore, this new collaboration launches the Group in a growing sector, such as that of the teenagers, great users of social and digital media "

 

Matteo Altieri, Founder of the House of Talent, said: "It is a great honor for me to start this journey together with MondoTv, I thank Matteo Corradi and his entire team for believing in our project right from the first meeting. Our vision, and the ability of MondoTv to put projects on the ground are a perfect combination for the purpose of creating something never seen before, we are already working towards the next goals, and I am certain that from this understanding unprecedented projects and developments will come. Today we can say that we are the first influencer CREW, linked to a Media Franchisee, which has a production contract for contents "

 

20 May 2019 The digital phenomenon House of Talent, a brand that brings together some of the most followed influencers on youtube, instagram and TIK TOK in Italy in the target group of children aged 13 to 17, and some of the protagonists of the successful series The College, will become a new web-series composed of 260 episodes of about 12-15 minutes each.

 

The new web-series will be co-produced by Mondo TV with the company House of Talent Srls, which owns the rights to the House of Talent brand and the contracts with the protagonists of the current digital phenomenon, with an investment of 280,000 euros for its part. The launch of the web-series is planned for the "Back-to-school" 2019.

 

Mondo TV, as co-producer, will participate to the revenues deriving from the exploitation of the web-series, the related licensing and merchandising, and the proceeds deriving from the activities of the protagonists of the series for a period of 20 years. Moreover Mondo TV will handle the distribution of the rights connected to the series.

 

Although it is very difficult to predict the proceeds that can be generated, the management of Mondo TV and the partner are optimistic that the investment can be easily recovered and exceeded, given the success that the House of Talent has already found without the support of the web series.

 

Matteo Corradi, Chairman of Mondo TV, said: "I thank Matteo Altieri for choosing Mondo TV as a partner in this beautiful and innovative project, which allows Mondo TV Group to cooperate in the development of a project that is already successful. Furthermore, this new collaboration launches the Group in a growing sector, such as that of the teenagers, great users of social and digital media "

 

Matteo Altieri, Founder of the House of Talent, said: "It is a great honor for me to start this journey together with MondoTv, I thank Matteo Corradi and his entire team for believing in our project right from the first meeting. Our vision and the ability of MondoTv to put projects on the ground are a perfect combination for the purpose of creating something never seen before, we are already working towards the next goals, and I am certain that from this understanding unprecedent projects and developments will come. Today we can say that we are the first influencer CREW, linked to a Media Franchisee, which has a production contract for contents ".

 

Click here to download the file: 20 May 2019 (it & en)

 


 

13 May 2019

 

MONDO TV GROUP: the Board of Directors approved the interim management report as at 31.03.2019

Mondo TV back to profit, after the loss closing 2018

 

At the consolidated level, the value of production is approximately Euro 5 million in the three months; EBITDA is approximately Euro 3 million; EBIT is approximately Euro 1.8 million and net income is approximately Euro 1 million

 

At the level of the parent company alone, the value of production is approximately Euro 3 million; EBITDA is approximately Euro 2.4 million; EBIT is approximately Euro 1.4 million and net profit is approximately Euro 1 million

 

Results in line with the provisions of the new business plan approved on 10 December 2018 with a target 2019 of Euro 24 million of consolidated value of production and around Euro 4 million of consolidated net profit.

 

13 May: The Board of Directors of Mondo TV S.p.A. – holding company of a Group working in the production and distribution of cartoons for TV and the cinema – approved the interim financial statement of the Group as of 31 March 2019.

 

Consolidated results for Mondo TV Group
The value of production in the period is approximately euros 5 million, in line with the provisions of the new business plan approved on December 10, 2018: in fact, although decreasing by 47% compared to the first three months of 2018, it should be noted that the new business plan provides for lower revenues, but also a lower overall level of investment; it should be remembered that 2018 ended in a significant loss due to the significant reduction in turnover in the second part of the year, but the new business plan already provides a return to profit in 2019.

 

Ebitda is approximately at euros 3 million, with a 55% decrease compared to around euros 6.6 million in the first three months of 2018, due to the reasons explained above.

 

Ebit is approximately at euros 1.8 million, with a decrease of 65% compared to around euros 5 million in the first three months of 2018.

 

The net profit is approximately at euros 1 million compared to approximately euros 3.2 million in the first three months of 2018, and in line with the provisions of the new business plan of the group.

 

The net financial position is equal to euros 6 million of net cash compared to euros 8.1 million of net cash at December 31, 2018, while cash availabilities are around euros 12.7 million against cash availabilities of around euros 12.5 million as of 31 December 2018. The Group's shareholders' equity amounted to euros 58.3 million in line with the equity as of December 31, 2018.

 

Results of the Holding company
The value of production in the period is approximately at euros 3 million, with a decrease of 56% compared to the first three months of 2018. As mentioned above, the new business plan provides for lower revenues but also a lower overall level of investments; it should be remembered that 2018 then ended in a significant loss due to the significant reduction in turnover in the second part of the year, but the new business plan already provides a return to profit in 2019.

 

Ebitda is approximately at euros 2.4 million, with a 62% decrease compared to approximately euros 6.2 million in the first three months of 2018 due to the above.

 

EBIT is approximately at euros 1.4 million, decreasing of 71% compared to around euros 4.8 million in the first three months of 2018.

 

The net profit is approximately at euros 1 million compared to approximately euros 3.1 million in the first three months of 2018, in line with the provisions of the new business plan of the group.

 

Main events in the first quarter 2019
In March, Mondo TV S.p.A. has reached settlement agreements with three of the four Asian customers who terminated, at the end of 2018, some existing sales contracts.

 

In particular, an agreement was signed with the customer Broadvision Rights Ltd. on March 14, 2019, confirming the following: 1) Broadvision Rights Ltd. complains about purported delays in deliveries by Mondo TV S.p.A. and contests the quality of the productions carried out, while Mondo TV S.p.A. rejects Broadvision Rights Ltd's claims in full; 2) the definitive cancellation of the third series provided for by contract and not yet started is established, while the following is agreed with regard to the two productions in progress:
- Mondo TV S.p.A. has the right to retain what has already been received for the animated series "Play time Buddies" and regains full ownership of the distribution rights, while, for the series in question, Broadvision Rights Ltd. Is released from further payment obligations. - with regard to the animated series "Sissi third season" the half-life of the animated series, which passes to 26 episodes, is confirmed in a format that is still very commercial with an investment by Broadvision Rights Ltd. which drops to USD 2,400 thousand (originally USD 4,800 thousand).
- the minimum guarantee of USD 500 thousand owed by Mondo to Broadvision Rights Ltd. is cancelled.

 

In relation to Hong Kong Yiqi Culture, the companies signed a settlement agreement which provides that Mondo TV S.p.A. retain the amount already collected, amounting to approximately USD 11,900 thousand for the part relating to the “old library” and USD 3,900 thousand for the part relating to new productions, for a total amount therefore totaling USD 15,800 thousand, waiving any further claim but regaining immediately all exploitation rights of both the "old library" and the new series ("Duckport", "Partidei" and "Beastkeepers"). The parties therefore reciprocally waive to take legal action in relation to the contracts governed by a settlement agreement, and the contracts relating to other animated series continue on a regular basis.

 

In relation to Hong Kong Nine Technology, the companies signed a settlement agreement which provides for the replacement of the two animated series "Rowly Powly" and "Dee an Doo" with two new animated series currently being negotiated by Mondo TV with third-party co-producers and with the approval of Hong Kong Nine Technology.

 

Finally, in relation to New Information Tech., following the contractual termination received, Mondo TV S.p.A. has sent a communication to the customer disputing the validity of the termination, complaining of late payments, and reiterating that the contract, which does not provide a performance guarantee by Mondo TV S.p.A., must still be considered in place and therefore invites New Information Tech. to fulfill its obligations, in the absence of which Mondo TV will resort to the actions necessary for credit recovery. New information Tech. then reiterated the validity of the termination disputing the delays in the production of the two projects which made the commercial exploitation of the two series difficult, reiterating that in the event of a dispute they will request the repayment of the amount already paid and the related damages. At present, Mondo TV S.p.A. is deciding with its lawyers the actions to be taken.

 

On March 15, 2019 the first 26 episodes of the animated series Yoohoo and Friends are available worldwide on the Netflix platform.

 

Business Outlook
An inspection by the tax authority is currently underway, aimed at verifying the offsets made in 2014 with the use of the tax credit deriving from the transformation of prepaid taxes; from what informally anticipated, the orientation of the authority is to deny the tax credit used by Mondo TV S.p.A. in the years 2012 to 2018 for a maximum amount of approximately Euros 13.5 million, plus the application of the relevant penalties and interests; Mondo TV is confident that its reasons will be confirmed even in this further judgment, as it happened for different reasons in the various tax disputes initiated in recent years starting in 2014, and which have so far always confirmed both in the first instance that on appeal the correctness of the company's behavior.

 

The company has also initiated talks over the last few months aimed at finding an industrial and commercial partnership in Germany and more generally in the countries of northern Europe, which constitute an important strategic target for the Mondo TV group.

 

Finally, it is reiterated that the business performance in these early months of 2019 is in line with the provisions of the group's business plan approved on December 10, 2018.

 

Declaration of the executive responsible for financial reporting
The executive responsible for corporate financial reporting, Carlo Marchetti, declares, pursuant to paragraph 2 of section 154-bis of the Italian Consolidated Finance Act, that the information in this press release corresponds to the data in the accounting documents, records and books.

 

This interim financial statement relating to the first quarter 2019, together with the auditors report, is filed at the Company’s registered office in Rome and with Borsa Italiana S.p.A., and is available for anybody requesting for it. It is also published on the website 下彩网加奖全网最高 www.ua7hd.com.cn and the storage website managed by Spafid Connect www.emarketsdirstorage.it.

 

Attached to this press release are the key financial figures tables included in the interim financial statement relating to the first quarter 2019 approved by the Board of Directors; it is highlighted that this report was not subject to auditing.

 

Click here to download the file: 13 May 2019 (it & en)

 


 

07 May 2019

 

Calendar of Corporate Events - Update

 

07 May Mondo TV S.p.A. informs that the Board of Directors meeting called for the approval of the results as of 31 march 2019 set on May 14, 2019 will be held on May 13, 2019.

 

Possible further changes to the Calendar of Corporate Events will be timely communicated as applicable.

 

 

Click here to download the file: 07 May 2019 (it & en)

 


 

07 May 2019

 

a publishing agreement on the toy property Feisty Pets has been executed with Edicart

 

07 MayAfter the engagement of Mondo TV by Surge Licensing, Inc. in the role of subagent for the development of licensing based on the toy property of William Mark Corp., Feisty Pets, in Italy and in the Iberian Peninsula, announced last 11 December 2018, Mondo TV announces that it has entered into a new licensing agreement, in the publishing sector, on the aforementioned property.

 

The agreement was reached with the company Edicart Style S.r.l., based in Legnano, one of the leading publishers of books for children and young people in Italy in over 5,000 sales points. Under the agreement with Mondo TV, the licensee will undertake to create different categories of books and publications for children.

 

The agreement, which provides for the payment of a guaranteed minimum, which is not significant in itself, and of royalties, is of particular strategic importance, also considering the importance of the licensee, in order to help also in Italy the so-called "brand awareness" on the property in order to try to replicate in Italy the success that the same has already had in the United States.

 

 

Click here to download the file: 07 May 2019 (it & en)

 


 

01 April 2019

 

The Board of Directors approves some consolidated preliminary data for the first quarter of 2019: value of production at around euros 5 million; net profit of around euros 1 million

The result is mainly due to the sale of Yoohoo to Netflix, the progress of the productions of Yoohoo, Robot Trains and other productions in progress by the group

 

Results more than in line with the business plan approved on December 10th 2018, and confirmed on Friday March 29th, which, as we know, provides for the closure of next years with increasing profits as follows:
- 4.1 million euros in 2019;
- 5.4 million euros in 2020
- 7 million euros in 2021
- 8.4 million euros in 2022
- 10.5 million euros in 2023

 

01 April 2019Mondo TV informs that on the evening of Friday, March 29, 2019, the Board of Directors approved some consolidated preliminary data for the first quarter of 2019.

 

In particular, the Board analyzed the trend in production value, which in the first quarter amounted to around 5 million euros, mainly thanks to the progress of Yoohoo production and the sale of the same series to Netflix, the completion of Robot Trains, the progress of the production of the parent company and of Rocky Kwaternaire by Mondo TV France.

 

On the other hand, the net result stood at around one million euros at the consolidated level in the first quarter.

 

The aforementioned results are more than in line with the business plan 2019-2023 approved by the Board on December 10, 2018, and confirmed by the Board during the meeting of March 29, 2019.

 

In particular, it is recalled that the business plan already envisaged a return to profit in 2019 and growth in margins in the following years as per the following table:

 

Euro/00020192020202120222023
Ebit6.7688.97511.66113.95416.939
Risultato Netto4.1205.4257.0448.38410.489

 

and that among the economic-financial objectives, priority shall be given to the improvement in cash generation, which is expected to be balanced at the end of 2019, and then to become positive from 2020(see Press Release on 10 December 2018).

 

In particular, in 2019 the revenue generation is expected from the sales of the series based on the property "Yoohoo and Friends", whose marketing and delivery to Netflix have started; from "Robot Trains", the commercialization of which begins in the second quarter 2019; from the production of the parent company and of "Rocky Kwaternaire" by Mondo TV France.

 

It is finally recalled that, as regards the breakdown of revenues in the various quarters, as an effect of the productions, a second semester is expected to be stronger than the first, with around 35% of revenues positioned in the last quarter of the year.

 

Click here to download the file: 01 April 2019 (it & en)

 


 

29 March 2019

 

MONDO TV GROUP: The Board of Directors approved the draft of financial statements and the consolidated financial statements for 2018

The business plan approved on last 10 December 2018, has been confirmed: net profit already in 2019 thanks to the deliveries of Yoohoo to Netflix, the deliveries of Robot Trains and the progress of the productions by the Group

 

Consolidated results in 2018:

 

? Value of Production at approximately EUR 22.2 million in 2018, compared to EUR 34 million in 2017 with a variation of around 40%
? EBITDA is around EUR 11.1 million in 2018, decreasing of 55% compared to EUR 25.1 million in 2017
? EBIT is negative for around EUR 54.5 million in 2018 compared to EUR 17.6 million in 2017
? Net result of the Group is a loss for approximately EUR 39.5 million in 2018 compared to a profit of the Group of EUR 12.8 million in 2017
? Net Financial Position as at 31 December 2018 is positive at EUR 8.1 million compared to e net debt for around EUR 1.8 million as of 31 December 2017
? Net equity of the Group is at EUR 58.2 million with a decrease of EUR 18.9 million compared to EUR 77.1 million as of 31 December 2017

 

Holding company’s individual results in 2018:

 

? Value of Production is EUR 17.3 million in 2018, decreasing of around 42% compared to EUR 30.1 million in 2017
? EBITDA is around EUR 11 million in 2018, compared to EUR 23.7 million in 2017 decreasing for 54%
? EBIT is negative at around EUR 48.2 million in 2018 compared to EUR 17.6 million in 2017
? Net result is a loss at approximately EUR 38.7 million in 2018, compared to a net profit of EUR 12.9 million in 2017
? Net Financial Position is positive at approximately EUR 16.5 million as at 31 December 2018, of which Euros 5.2 million improving respect to availabilities of approximately EUR 4.9 million as of 31 December 2017
? Net equity is around EUR 59.5 million at 31 December 2018 with a decrease of around Euros 17.8, compared to 77.3 million as of 31 December 2017
With reference to the loss in the period for EUR 38.7 million, the Board of Directors proposed to cover the loss through available reserves

 

29 March 2019 The Board of Directors of Mondo TV S.p.A. – holding company of a Group working in the production and distribution of cartoons for TV and the cinema –approved the draft financial statements and the consolidated financial statements as at 31 December 2018.

 

Consolidated results Respect to 2017, the revenues decrease, equal to Euros 13.1 million in absolute value and to 40% in percentage, was determined mainly by the termination of contracts for some productions by four Asian clients, which occurred in the second part of the year.
In the third quarter a significant slowing down of sales in Asia, connected with some productions by Mondo, was reported.

 

In particular, the main client on the series Rowly Powlys and Dee & Duh, some weeks after the death of Mr. Orlando Corradi on 7 November 2018, funder of the company and creator and artistic director of those two programs, decided to leave the two projects.

 

Furthermore, the deterioration of the international economic situation, and the slowdown of the Chinese economy also deriving from the trade war between China and the USA, seem to have led to a significant restriction of bank credit in China with a decrease in investments also in media products in general and in Western products specifically.

 

Following these unexpected difficulties, the slowdown in revenues already highlighted in the third quarter, as reported in the interim management statement at 30 September 2018, was not solved.

 

In the second half of November, three Asian customers formally announced their intention to significantly review their investments in the Naraka, Final Fight, Play Time Buddies, Beast Keepers, Partidei and Adventures in Duckport projects, also due to the difficulties that emerged in their reference markets in relation to the exploitation of those products. In particular, the difficulties of the aforementioned Asian customers, who had acquired rights on the aforementioned series, would be justified by the significantly lower interest on the part of Asian televisions for these products compared to the previous expectations: the consequent prospects of repayment of the investment would therefore have resulted very limited on Asian markets, nor have they been tempered by inputs from exploitation in other parts of the world.
As a result of the communications from these Asian customers, the company took the decision to suspend further investments in these projects, as they are now lacking the adequate economic coverage in terms of expected future revenues, and conducted negotiations for the management of the various positions with their Asian partners.

 

Capitalized costs relating to the produced series are mainly related to the Holding Company’s productions, and in a lower level to those by Mondo TV France, and were equal to Euros 2.7 million in 2018 (Euros 1.4 million in 2017): the increase is due to the higher progress in productions by the same Mondo TV France.

 

Operating costs increased for Euros 2 million, mainly by virtue of the higher volume of productions by Mondo TV France.

 

EBITDA passed from Euros 25.1 million in 2017 to Euros 11.1 million in 2018 with a decrease equal to Euros 14 million; the decrease of 55% was mainly caused by the unexpected and significant decrease of revenues caused by the aforementioned termination of agreements.

 

The termination of Asian customer contracts, together with other minor difficult situations, led to an adjustment of the value of assets for a total amount of Euros 51 million for the holding company and around Euro 57 million at consolidated level. Such adjustment related to:
the library for around Euros 28 million at the level of the parent company, and Euros 33 million at the consolidated level, with the substantial adjustment of the value of the investments already made in the relevant and preceding periods;
the receivables mainly attributable to the pre-sales made on these projects, for a total amount of approximately Euros 23 million at the level of the parent company, and Euros 24 million at the consolidated level.

 

In light of the above, the operating result after amortization, depreciation and provisions (Euros 65.7 million in 2018, compared to Euros 7.5 million in 2017) was negative by Euros 54.5 million, compared to Euros 17.6 million of operating profit for 2017, with a decrease of Euros 72.1 million in absolute terms.

 

In the financial year 2018 the financial management was positive for Euros 0.5 million, compared to a negative result of Euros 2.2 million in 2017, mainly determined by profits on currency exchange subsequent to the strengthening of US dollar against Euro in 2018.

 

After tax on income for Euros 11.5 million (negative for Euros 3.1 million in 2017), a net loss was reported, it being equal to Euros 39.5 million, compared to a profit of Euros 12.8 million in preceding year, with a variation of Euros 52.3 million in absolute terms.

 

The consolidated net financial position, showed availabilities for Euros 8.1 million, mainly thanks to the financial extraordinary transactions with Atlas compared to a net debt of Euros 1.8 million as at 31 December 2017.

 

Net equity of the group went from Euros 77.1 million at 31 December 2017 to Euros 58.2 million at 31 December 2018 by virtue mainly of the loss in the period for Euros 39.5 million and the above extraordinary financial transactions (Euros 20.3 million).

 

Results of the parent company

 

Respect to 2017, the revenues decrease was equal to Euros 12.7 million in absolute value and to 44% in percentage, and was mainly determined by the problems with the Asian clients as better explained in the above paragraph dedicated to the consolidated results, which is hereby recalled.

 

Capitalized costs relating to the produced series are equal to Euros 1.1 million (Euros 1.1 million in 2017).

 

Operating costs were stable at Euros 6.4 million (Euros 6.3 million in 2017).

 

EBITDA went from Euros 23.7 million in 2017 to Euros 11 million in 2018 with an decrease of Euros 12.7 million in absolute values and of 54% in percentage; the decrease was mainly due to the lower volume of revenues in the year compared to 2017.

 

In light of the above, in light of the impairment test on the library which determined an adjustment of Euros 28.3 million, and the impairment of receivables of Euros 23.1 million, the operating result after amortization, depreciation and provisions for Euros 59.2 million (Euros 6.1 million in 2017) was negative for Euros 48.2 million, compared to an operating profit of Euros 17.6 million in 2017, with a decrease of Euros 65.8 million in absolute terms.

 

In the financial year 2018, the financial management was negative for 1.8 million euros, against a negative result of 1.9 million euros in 2017, mainly determined by the write-down of the investment in Mondo TV Iberoamerica made for Euros 2.2 million.

 

After tax on income for Euros 11.4 million (Euros 2.9 million of fiscal charges in 2017), a net loss was reported, it being equal to Euros 38.7 million, compared to a net profit of Euros 12.9 million in preceding year.

 

The net financial position, showed availabilities for Euros 16.5 million (of which Euros 5.2 were represented by mid-long term financial credits toward the controlled companies), also thanks to the financial extraordinary transactions with Atlas, compared to net availabilities for Euros 4.9 million as of 31 December 2017.

 

Net equity went from Euros 77.3 million at 31 December 2017 to Euros 59.5 million at 31 December 2018 mainly by virtue of the loss in the period for around Euros 38.7 million and the above referenced financial extraordinary transactions (Euros 20.3 million).

 

Destination of the result

 

e Board of Directors deliberated to propose the coverage of the loss of the period through the available reserves. Business Outlook

 

The financial statements have been prepared on an ongoing-concern basis, as the Board of Directors believes that the company and the group as a whole have adequate capital solidity and have adequate resources to continue operating in the foreseeable future, as shown among others, by the following circumstances:
? the Group companies, and in particular the Parent Company Mondo TV S.p.A., they are highly capitalized (equity is well above the legal limits) both due to the positive results achieved in previous years and carried forward, and to the extraordinary finance operations carried out in the current year and in previous years;
? the net financial position at December 31, 2018, and at the reporting date, is positive for significant values;
? short-term financial debt, which is not significant overall, is covered by asset values. However, the Board deemed it appropriate to verify its 2019 business plan approved by the Board on December 10, 2018 and confirmed the economic-financial objectives already indicated in the Press Release dated December 10, 2018 to which reference is made hereby, with a return to profit, as mentioned above, already in 2019, mainly thanks to Yoohoo's deliveries to Netflix, the deliveries of Robot Trains and the progress of the group's productions.

 

Statement of the Financial Director

 

The financial director, responsible for the drafting of the company’s accounting statements (Mr. Carlo Marchetti) states, pursuant to sect. 154-bis, 2nd paragraph, of Lgs. Decree Nr. 58/1998, that the accounting information included in this communication reflects the results of the accounting documents, books and records.

 

* * * * *

 

The Board also approved the corporate governance and remuneration reports. Independency requirements of the independent directors have been verified.

 

* * * * *

 

The income statement, the balance sheet, the cash flow statement and the net financial position with reference to the consolidated and parent company situation are attached to this press release. The relevant data are currently being audited.

 

* * * * *

 

The complete documentation for the shareholders’ meeting of 30 April 2019 will be made available within the terms and upon the modalities set forth by the law and regulations.

 

Click here to download the file: 29 March 2019 (it & en)

 


 

21 February 2019

 

The first 26 episodes of Yoohoo were delivered to co-producers with the multilingual package

Launch of the series from mid-March 2019 in more than 100 countries around the world

 

Excellent industrial result achieved by the Mondo TV group which plans to complete the delivery of the entire series by the third quarter of 2019

 

21 February 2019Following the press release issued on 16 October 2017, Mondo TV informs that the subsidiary Mondo TV Suisse has completed the realization and therefore the delivery to the co-producers also of the multilingual package of the first 26 episodes of the series (over a total of 52) based on the property "Yoohoo". In fact, the series has been dubbed into 20 languages, besides English, for the simultaneous launch in more than 100 countries around the world in accordance with the agreement with the co-producers referred to in the aforementioned press release.

 

The launch is expected by the co-producers starting from mid-March 2019 (excluding only the launch in Italy, France, Spain, Portugal, Poland and Russia where the series will be launched in a different time).

 

With this delivery, the Mondo TV Group achieves a great industrial result: the series is in fact the top quality product of Mondo TV. To date, the delivery forecast of all episodes is confirmed by the third quarter of 2019.

 

Click here to download the file: 21 February 2019 (it & en)

 


 

30 January 2019

 

Mondo TV: Company’s events calendar 2019

 

30 January 2019Mondo TV, listed on Star segment of Borsa Italiana, hereby communicates the following calendar of company’s events for the year 2019:

 

29 March 2019 BoD for approval of the draft of balance sheet and consolidated balance sheet as of 31 December 2018
30 April 2019 Shareholders meeting for approval of the balance sheet and consolidated balance sheet as of 31 December 2018
14 May 2019 BoD for approval of the financial interim report as of 31 March 2019
13 September 2019 BoD for approval of the consolidated financial interim report as of al 30 June 2019
14 November 2019 BoD for approval of the financial interim report as of 30 September 2019

 

Possible changes to the above Calendar will be timely communicated as applicable.

 

Click here to download the file: 30 January 2019 (it & en)

 


 

29 January 2019

 

MONDO TV launches Heidi on Disney in Spain

 

29 January 2019 Mondo TV, a company belonging to the homonymous group active in Italy and abroad in the production and distribution of TV programs, announced that Disney has confirmed the launch yesterday of the first and second season of the live series "Heidi, Bienvenida at home ", produced by the controlled company Mondo TV Iberoamerica. According to Disney, the episodes of the series will be aired two times per day from Monday to Thursday in the afternoon and in the evening.

 

The television broadcast on Disney will be an element of diffusion and awareness of the brand linked to the series in the Spanish territory.

Click here to download the file: 29 January 2019 (it & en)

 


 

21 January 2019

 

The first license agreement for publishing rights in Germany on Sissi has been executed with Blue Ocean Entertainment AG

 

21 January 2019 Mondo TV announced that Blue Ocean Entertainment AG ("Blue Ocean"), a company active in the publishing sector in Germany, has purchased a license for the publication rights of a magazine dedicated to Sissi, the Young Empress, protagonist of the series produced by Mondo TV with Sole di Carta, in the territory of Germany, as well as Austria, Switzerland and other minor German speaking areas.

 

The license lasts two years starting from the first launch that will be linked to the program broadcast in any case no later than September 2019.

 

The agreement provides for the payment of a minimum guarantee that is not particularly significant, but given the importance of the licensee and its distribution capacity, it is expected that the distribution will generate royalties, currently unquantifiable, for Mondo TV. In addition, the contract is important because it can be an excellent driving force for the conclusion of additional licenses in Germany, as the publishing category is one of the most important for the development of complete licensing plans.

Click here to download the file: 21 January 2019 (it & en)

 


 

11 January 2019

 

ORF, the Austrian national public service broadcaster, acquired also the license for the transmission in Austria of the second season of Sissi, the young empress

 

11 January 2019 Mondo TV informed that ?sterreichischer Rundfunk (“ORF”), the Austrian national public service broadcaster, after the acquisition in 2017 of the license on the first season of Sissi, has now acquired the license for the transmission in Austria and South-Tyrol also of the second season of Sissi, the young Empress. The license shall have a 4 years duration and provides for the exclusive right to three transmissions in German and/or English in the assigned territory.

 

Sissi will therefore be broadcasted on the channels operated by ORF, they being Free- TV, satellite and web channels.

 

The agreement sets forth an interesting license fee, which shall be fully paid in the first months 2019, and results particularly important for the confirmation of the approval of Sissi in a geographical area and a market, which Mondo TV group had difficulties to penetrate in its history. 下彩网加奖全网最高

 


 

07 January 2019

 

MONDO TV S.p.A.: a license agreement executed for satellite rights in Middle East and North Africa on Al Wasat TV of some series distributed by Mondo TV

 

First agreement entered into with Al Barneek Co., new client which owns the above TV channe

 

07 January 2019 Mondo TV announces that it has signed a license agreement with the company Al Bareek Company, headquartered in Beirut and owner of the generalist TV channel Al Wasat TV Channel Lybia, for the broadcast in the Middle East and North Africa of seven series distributed by Mondo TV, among which the first season of Robot Trains, the first two 2D seasons of Yoohoo & Friends, Bat Pat, Farhat and three more third parties’ series.

 

The agreement provides for the license of satellite television broadcasting rights, without exclusive rights, in Arabic for a period of two years starting from January 15, 2019.

 

The license fee, which for reasons of commercial confidentiality cannot be disclosed, is interesting though not particularly significant in itself, but the contract is relevant because it is a first contract for the channel Al Wasat TV Channel Lybia and opens possibilities in the future of further contracts with the new customer.

Click here to download the file: 07 January 2019 (it & en)

 


 

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