Metrodome hits the Target

Metrodome has acquired Target Entertainment for £800,000.


Metrodome has acquired Target Entertainment for £800,000.

Film rights distributor Metrodome has acquired Target Entertainment for £800,000.

Founded in 1998, Target is a TV distribution rights management business. The company holds the distribution rights to programmes including Footballers’ Wives and Bad Girls. In 2009 the company made a pre-tax loss of £727,000 on a turnover of £13.8 million and had gross assets of £2.8 million. Target is based in London and has offices in the US.

AIM-listed Metrodome holds the rights to films including Chopper and Donnie Darko. In 2009 Metrodome made a pre-tax profit of £199,000 on a turnover of £9.1 million.

Mark Webster, chief executive of Metrodome, comments: ‘Target will provide the company with penetration into a well established TV distribution library with circa 6,000 hours of content. As such I am confident that the strong global network of relationships will form the basis of Metrodome’s future strategy of becoming a diversified media business, and furthermore will strengthen and enhance future earnings for the Company.’

Nick Britton

Lexus Ernser

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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