Posts Tagged ‘MCM Entertainment’

ASX Company News: MCM Entertainment Announces Increased Profit

Thursday, January 19th, 2012

MCM Entertainment Group Ltd (MEG) advises that it will record a materially improved profit position for the six months to 31 December 2011 when compared to the prior corresponding period (31 December 2010). As previously advised, Group revenue has increased approximately 40% year-on-year and as such this has been the key driver in delivering the Group to profit at half year.

The Board believes Earnings Before Interest and Tax (EBIT) will be between $550K and $750K for the six months to 31 December 2011. This range is subject to audit and final review. This is compared to an EBIT Loss of ($992K) recorded for the six months to 31 December 2010.

MEG remains on target to report a full year profit for FY2012, however the continued short term nature of the Australian media market means that MEG is unable to provide any further guidance as to its year-end position for FY2012.  Full half year results will be released by 28 February 2012.

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ASX Company News: mcm Entertainments Group Secures Two New Contract In Hong Kong

Monday, January 31st, 2011

mcm Entertainment Group’s (MEG) movideo division announced that it had signed agreements with the South China Morning Post Group of companies (SCMP Group) and AMP Radio Networks (AMP), movideo’s first media partnerships outside Australia. movideo will work with both media companies to deploy its new generation Online Video Platform to replace existing video solutions across both companies’ full network of online properties, including corporate, newspaper, magazine and radio portals and websites. Based in Hong Kong, the SCMP Group is a diversified media company with operations spanning newspaper, magazine and book publishing as well as interactive products and services.

mcm entertainment group CEO Tony McGinn said: “This is a major development for movideo and  marks a very significant milestone in our push into the Asian media and marketing sectors. We are thrilled at the opportunity to partner with SCMP Group and AMP, two of the leading media groups in Asia, with both companies having acknowledged that the movideo Online Video Platform represents the best possible solution for their needs.” South China Morning Post Digital Product Manager Sophia Wong said: “We are excited at the prospect of working with the movideo team and product. Their media heritage and product focus towards media businesses is what engaged us to partner with them. movideo will provide our business with the tools required to distribute SCMP content in a high quality format to users on our network of online offerings.

SCMP Group’s flagship online property is the market leading South China Morning Post news portal  SCMP.com, with major magazine mastheads including Cosmopolitan, CosmoGIRL!, Harper’s Bazaar, fuel, Instyle China and Automobile. AMP is the leading radio network in Malaysia and is owned by Astro All Asia Networks plc, one of the largest broadcast media groups in Asia. AMP operates eight FM radio stations in Malaysia, which include the top-ranking stations in key Malay, Chinese, Indian and English demographics. These stations, including ERA, MY fm, Hitz.fm and Sinar fm, cumulatively reach almost 11 million listeners a week, or 72 per cent of total radio listeners in Malaysia. movideo is the Online Video Platform developed in Australia by mcm. movideo has powered MCM Media’s online proprietary music video and audio streaming service Digital Entertainment Network(DEN). DEN now delivers more than 6 million audio visual streams to around one million users every month including ninemsn, Yahoo!7 and News Digital.

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http://www.traderdealer.com.au/Fundamentals/meg

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ASX Company News: MCM Entertainment Partners With Ten Network

Sunday, October 24th, 2010

Mcm Entertainment Group’s (MEG) movideo division announced that it has partnered with Network Ten to deploy its new generation Online Video Platform across the Network’s broadcast brands, including the offerings on TEN, ONE and the soon-to-launch ELEVEN.

Network Ten’s selection of movideo follows an international competitive tender. TheTEN Digital team and the movideo team will work in partnership to enhance Network Ten’s online video strategy and deliver a solution that drives optimum consumer engagement with its broadcast brands online. movideo is the Online Video Platform developed in Australia by mcm. movideo has powered mcm media’s online proprietary music video and audio streaming service Digital Entertainment Network (DEN) for the past two years. Using movideo, DEN is now the largest music audio visual streaming platform in Australia other than YouTube. movideo now supports DEN to deliver 7.2 million video, audio and advertising files to around one million users every month via mcm’s sites and syndication to partner sites. TEN’s Video Hits site is also implementing DEN for music video streaming as part of the integration of the  movideo platform into TEN Digital.

“We are thrilled to be partnering Network Ten with movideo. We believe we have developed a world -class Online Video Platform and winning a global tender for Network Ten is a wonderful endorsement.  movideo is very active across the region and we will soon be announcing new partnerships in the Asian media and marketing sector,” mcm entertainment group CEO Tony McGinn said. “Online video streaming across all platforms and devices is all about consumer engagement and that is what is at the heart of the movideo product,” Mr McGinn added. Network Ten Chief Digital Media Officer Nick Spooner said: “This is an important strategic partnership for us. The movideo platform and team demonstrated the best capabilities and skills to support our growing online video offering. With movideo, we’ll be developing new functionality and next generation video and advertising capabilities to take our premium video offering to the next level.

www.mcmentertainment.com

http://www.traderdealer.com.au/Fundamentals/meg

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