DCD makes triple play expansion
EmptyLONDON -- DCD Media has moved into the top ranks of U.K. indie producers through the acquisition of Prospect Pictures, September Films and West Park Pictures, in a shopping spree totaling £19 million ($38.6 million).
DCD, which listed on London's small cap market AIM in 1999, is the creator of such shows as "The Victoria's Secret Fashion Show" and "The Wind in the Willows," and is chaired by former Five chief executive David Elstein.
Lifestyle producer Prospect, best known for cooking shows such as "Saturday Cooks" and "Take Away My Take Away" was acquired for £7 million ($14.2 million); "Hollywood Women" creator September Films was acquired for £9 million ($18.3 million); and "Stephen Fry in America" producer West Park Pictures was acquired for £3 million ($6.1 million).
The combined group is expected to produce an annual profit of £50 million ($101.6 million).