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Motive Television

  • BY: Andrew Hore |
  • POSTED: 18/06/2009 |

TV programmes producer Motive Television increased its loss last year and it is reorganising its business.

Revenues grew 30% to £4.07m in 2008 but that masks a decline in second half revenues. Acitivity levels were low in the second half. The loss increased from £596,000 to £1.49m. That includes a goodwill write-off of £258,000 and start-up costs for two new production companies.

Net cash was £731,000 at the end of 2008. Costs are being reduced with a 30% cut in overheads targeted.

The two new businesses are Motive International, which will make Motive less dependent on the UK and Ireland by organising international co-productions, and Motive Digital. Motive has already signed non-binding heads of agreement with a digital terrestrial television technology company. 

Lower advertising revenues are leading TV broadcasters to reduce spending on new programmes.

Recently commissioned programmes include a new five part Delia Smith series. A second series of ‘How Not To Live Your Life’ has been completed. The format rights have been sold to US networks CBS.

Shares in Motive rose 0.025p to 0.45p each, which values the company at £1.54m. 

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