Galleon sails along nicely as it grows Asian presence

Published on Tuesday 7 October 2008 21:10

SMALL BUT BEAUTIFUL

ENTERTAINMENT media group Galleon said it made good progress during the year, with full-year results expected to be at least in line with market expectations.

The Aim-listed group said recent acquisitions of Phoenix and Yunbo have enabled the company to make strides in rolling out its multi-platform entertainment properties in China and around south-east Asia.

Since the acquisition, Yunbo has grown to become the tenth-largest mobile service provider in China.

It added that it had formed operational relationships with several Chinese broadcasters covering different provinces across China for co-production of some of its programmes.

"We have a number of hit shows under our belt and have demonstrated that we have a robust platform and infrastructure in China and south-east Asia," said chief executive Stephen Green.

"We are heading to MIPCOM – an international audiovisual content trade show – next week with an attractive slate and are well-positioned to take advantage of opportunities this will present."

He added: "We remain confident of the group's outlook for the coming year."