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Sports Stars Media
- BY: Andrew Hore |
- POSTED: 10/02/2012 |
Portugal-based Sports Stars Media has raised £1.6m via a placing and open offer at 1p a share ahead of its flotation on Aim.
The cash will be used to develop 26 episodes of a CGI animation TV series involving Real Madrid football manager José Mourinho.
The first series to be produced by Sports Stars Media (www.sportsstarsmedia.com) will include a character based on José Mourinho. The series has the working title of Mourinho and The Special Ones and the target audience will be children aged six to 12 years. The rights to use Jose Mourinho’s name, image and likeness in the animation series and associated merchandise are subject to Sports Stars Media joining Aim by 15 February at the latest. The company appears on track.
Chief executive Ruben Dias and production director Pedro Maria were involved in the production of pre-school children’s animation Gombby‘s Green Island, via their company Big Storm Studios, and they believe that the experience they gained will help with the commercialisation of Mourinho and The Special Ones.
A subsidiary of Sports Stars Media will receive a fee for distributing 52 episodes of Gombby’s Green Island and has a call option to buy the intellectual property lasting until the end of 2014.
Former Motive TV director Ian Buckley is a non-executive director of Sport Stars Media. The company will be valued at £3.6m.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2012_28.pdf
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