Intandem Films continue operating losses
London-based Intandem Films Plc has revealed that operating losses increased to £1.13m in the year ended June 30.
The international film group also reported falling revenues as they have introduced a UK film distribution company and invested in new infrastructure.
In the period, the company secured co-production, international sales and UK distribution rights on four new films with budgets in excess of $40m and secured worldwide sales for British comedy, Jadoo.
CEO of Intandem, Gary Smith said: “The outlook for the Company in the medium and longer term is very encouraging. We have assembled a very commercial slate of films through our increased presence in Los Angeles and have developed a film financing structure which should allow for a large proportion of the slate to be financed during the current financial year.”