News blog

Intandem Films

• BY: Andrew Hore |
• POSTED: 26/02/2013 |

Film producer and distributor Intandem Films has replaced chief executive Gary Smith with Robert Mitchell, the boss of its recently formed film distribution subsidiary. 

Mitchell worked for Walt Disney for 17 years and he became managing director of Walt Disney UK. He joined Intandem as a non-executive director and last year became part of the management in order to set up the UK film distribution business. However, plans for this operation have been scaled back because of its capital intensive nature. In the short to medium term Intandem will only take on distribution when it has a second UK distributor as a partner to reduce the risk.

The news comes just before the company’s interim figures are due to be published.

Production of the film 10 Things I Hate About Life has been delayed but it is expected to start again in the second half of 2013, which is the first half of the next financial year.

At 1.38p a share, down 0.12p, Intandem is valued at £2.02m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFFebruary2013_41.pdf