DOCSLIB.ORG

Woolworths Group Plc

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Woolworths Group Plc AND ACCOUNTS ANNUAL REPORT 2008 Woolworths Group plc Group Woolworths Woolworths Group plc 2008 ANNUAL REPORT AND ACCOUNTS www.woolworthsgroupplc.com W1 6JL ddress acsimile 42 Marylebone Road F +44 (0)20 7706 5416 Telephone +44 (0)20 7262 1222 2 London N A > Retail Woolworths Our stores comprise traditional Woolworths outlets located in small towns and city suburbs, targeted at meeting basic everyday shopping requirements, as well as larger stores located on prime shopping streets in major regional shopping centres. The product offer covers Toys, Children’s Clothing, Events, Confectionery, Home and Entertainment; larger stores include a more comprehensive range of Home and Children’s Clothing. Through its website and catalogue, The Big Red Book, Woolworths offers customers a multichannel shopping solution across a broad range of products. Orders can be placed at home or in-store with delivery to either the customer’s home or for collection in-store. www.woolworths.co.uk > Entertainment Wholesale and Publishing 2 | Entertain Contents The Group holds a 40 per cent share in this joint venture, 02 Financial and Operational Highlights combining the former VCI audio and video business with 03 Chairman’s Statement BBC Worldwide’s video publishing arm. Recent video titles include “Clarkson – Supercar Showdown” and “Top Gear – Directors’ Report 2 |Entertain Interactive DVD” and on audio, the “100 Hits” range. Business Review www.2entertain.co.uk 04 Our Resources 10 Chief Executive’s Report 16 Finance Director’s Report 20 Risk Factors Entertainment UK Limited (‘EUK’) 21 Corporate Social Responsibility EUK is the UK’s leading distributor of entertainment products, 22 Board of Directors generating an annual turnover in excess of £1.1 billion. EUK’s product portfolio covers all of the major 24 Corporate Governance entertainment formats – music, DVD, games and books – 28 Other Information as well as mobile phones. In turn, these products are 31 Directors’ Remuneration Report supplied to some of the country’s best known store groups 40 Statement of Directors’ Responsibilities and online retailers. 41 Independent Auditors’ Report 42 Group Income Statement www.entuk.co.uk Group Statement of Recognised Income and Expense 43 Group Balance Sheet 44 Group Cash Flow Statement Bertram Group Limited 45 Notes to the Group Accounts Bertram Group consists of the following three divisions: 82 Five Year Record 83 Independent Auditors’ Report Bertrams | THE, the UK’s leading book wholesaler with a 84 Company Balance Sheet growing number of international customers. 85 Notes to the Company Accounts 91 Shareholder Information Bertram Publisher Services provides distribution services to a wide range of client publishers. Bertram Library Services, an industry leading supplier of TOTAL HOME ENTERTAINMENT books, tapes, CDs, games and many other audio-visual products to public libraries, schools, universities and THE educational institutions in the UK and around the world. www.bertrams.com Woolworths Group plc 01. Annual report and accounts 2008 WOOLWORTHS GROUP PLC is principally a UK retailer and Entertainment distributor focused on the home, family and entertainment. Woolworths offers its customers value-for-money on an extended range of products. It is built around the well known Woolworths brand which is represented in towns and cities throughout the UK. Through Entertainment UK, Bertram Group and 2 entertain, Woolworths Group also has leading positions in UK Entertainment and Books wholesale distribution and publishing. 02. Woolworths Group plc Annual report and accounts 2008 > Group revenue increased by 8.5 per cent Financial to £2,969.6 million Highlights > Adjusted profit* before taxation increased £6.5 million to £28.3 million > Profit before taxation decreased £4.3 million to £11.7 million > Adjusted basic earnings per share** increased to 1.4 pence per share from 1.2 pence per share > Basic earnings per share decreased to 0.5 pence per share from 0.9 pence per share > Net debt at the year-end of £123.7 million 2008 > Entertainment Wholesale business enhanced Operational by supply to new customers including Asda and Zavvi (formerly Virgin Megastores) and the planned Highlights integration of THE and Bertram Group > Bertrams acquisition cleared following investigation by the Competition Commission > Woolworths like-for-like sales down 3.2 per cent > Multichannel revenue increased by 5.2 per cent > Woolworths gross margin increased by 101 basis points > Entry price point range launched with 1,417 items branded Worthit!, generating 11.6 per cent of transactions in peak week * Throughout this document, adjusted profit before taxation is calculated as set out on page 17. ** Throughout this document, adjusted basic earnings per share is as calculated in note 9 to the financial statements. Woolworths Group plc 03. Annual report and accounts 2008 Chairman’s Statement Against a difficult trading For the Entertainment Wholesale The Board has taken the environment, we have managed business, it was a year of major decision to cut the dividend. substantial change across change. Over a period of 18 Taking into account the the Group as a whole. Profit months we have gone from a Group’s plans, the Board is before tax and exceptional business with one dominant recommending a final dividend items increased to £14.9m third party customer, the main of 0.17 pence per share. At this from £7.3m in the prior year. contract with whom terminated lower level the full year dividend Adjusted profit (which is in May 2007, to one with six of 0.6 pence per share is before tax, exceptional items, significant third party customers. covered 2.4 times by adjusted adjustment for fixed rental At the same time we have earnings and provides a base uplifts and amortisation of become far less dependent on from which to grow it as certain intangible assets) the CD market and more performance improves. The increased from £21.8 million exposed to the growing books Board believes that payment to £28.3 million for the 52 and computer games markets. of a dividend at this level weeks to 2 February 2008. Sales increased by 36.6 per represents an appropriate cent to £1,176.6 million and balance between providing a We are pleased to report that adjusted profit was broadly return to shareholders and the retail business returned to unchanged. preserving the financial flexibility profitability this year. Whilst like- necessary to support the plans for-like sales were down 3.2 per 2 entertain, our joint venture and ongoing development of cent, gross margin improved by with BBC Worldwide had an the business over both the short 101 basis points and costs outstanding year. Adjusted and longer term. were contained below the rate attributable profit increased by of retail cost inflation. The £6.7 million due to a number On behalf of the Board I would business did benefit by £10.9 of successful releases, most like to thank our colleagues in million (2007: £5.8 million) from notably “Planet Earth” in the business for their sheer the full year effect of relifing America. enthusiasm, hard work and certain fixed assets; and from dedication. It is evident that they In January 2008 we announced property profits, some are committed to the future that we had completed a £5.0 million higher than last success of the business. refinancing of the Group. The year. Nonetheless, adjusted new £350 million asset based profit improved by £16.3 million lending facility and the £35 to £3.4 million. million 2nd lien loan provide us with long term finance, the level of which flexes with our working capital requirements. Richard North Chairman 2 April 2008 04. Woolworths Group plc Annual report and accounts 2008 Directors’ Report Business Review Our Resources The Directors are pleased to present their report and the consolidated financial statements of the Company and its subsidiaries for the financial year ended 2 February 2008. Woolworths Group plc is principally a UK general retailer and entertainment distributor focused on the home and family. The Group is comprised of two main divisions; Retail, and Entertainment Wholesale and Publishing. The key assets of these divisions are reviewed over pages 04-09. > Retail Stores Since opening its first store in 1909, Woolworths has become a familiar feature on the UK’s high streets. Over four million people shop in our stores each week. There are today 801 Mainchain stores located in small towns and city suburbs, targeted at meeting basic everyday shopping requirements, as well as larger stores located on prime shopping streets in major regional shopping centres. The product offer covers Toys, Children’s Clothing, Events, Confectionery, Home and Entertainment. In Woolworths’ out-of- town stores, a wider selection of Toys, Outdoor goods, kids’ bedroom ranges and Entertainment products can be found. With its rich and well-loved heritage, Woolworths continues to refresh its store formats and the shopping environment to meet its customers’ requirements. Mainchain Out-of-town Total Number of stores: 801 17 818 Average sq ft: 8,359 50,763 9,240 Through its website and catalogue, The Big Red Book, Woolworths offers customers a multichannel shopping solution across a broad range of products. Orders can be placed at home or in-store with delivery to either the customer’s home or for collection in-store. Woolworths Group plc 05. Annual report and accounts 2008 > Since opening its first store in 1909 Woolworths has become a familiar feature on the UK’s high streets. Over 4 million people shop in our stores each week. > Woolworths offers its customers value-for-money on an extended range of products. > The product offer includes Toys, Children’s Clothing, Events, Confectionery, Home and Entertainment. > Ladybird is one of the best selling childrenswear brands in the UK. Focusing on clothing for children age 1-10 years, the brand offers fun, fashionable clothing at affordable prices.
Load more

Recommended publications
  • BFI Announces First Ever Blu-Ray/DVD Release of Pet Shop Boys' It Couldn
    BFI announces first ever Blu-ray/DVD release of Pet Shop Boys’ It Couldn’t Happen Here on 15 June 2020 Special preview screening with Q&A at BFI Southbank on 3 April 13 February 2020 – The BFI is delighted to be working with Pet Shop Boys on the forthcoming re-release of their feature film IT COULDN’T HAPPEN HERE (1987), directed by Jack Bond and starring Neil Tennant, Chris Lowe, Joss Ackland and Barbara Windsor. Unavailable worldwide for 30 years, the film has been newly remastered by the BFI from a 4K scan for release in a Limited Edition Blu-ray/DVD set on 15 June 2020. The re-release will be launched with a special preview screening at BFI Southbank on 3 April 2020 at 20:10 in NFT1, preceded by an on-stage Q&A with Neil Tennant, Jack Bond and choreographer Arlene Phillips. (See below for ticket details). Originally conceived as an hour-long video based on Pet Shop Boys’ 1987 album Actually, IT COULDN’T HAPPEN HERE turned into a full-scale feature film that finds Neil Tennant and Chris Lowe on an extraordinary adventure from the coast to London, encountering a curious array of eccentric characters along the way. With pop surrealism meeting the classic road movie, it features chart-topping singles from the duo’s first two studio albums, including ‘West End girls’, ‘It’s a sin’ and ‘Always on my mind’. IT COULDN’T HAPPEN HERE was released in UK cinemas in July 1988 and subsequently on VHS video, but has never had a DVD or Blu-ray release before.
    [Show full text]
  • RETAIL 2015 Eptica Multichannel Customer Experience Study
    RETAIL 2015 Eptica Multichannel Customer Experience Study © Copyright Eptica 2015 / CONTENTS 1/ EXECUTIVE SUMMARY ............................................................................................................. 3 2/ KEY RETAIL SECTOR CHALLENGES ........................................................................................ 4 3/ AN INCONSISTENT APPROACH ............................................................................................... 5 4/ RETAIL SECTOR COMPARISON ............................................................................................... 9 5/ KEY TAKEAWAYS ....................................................................................................................15 6/ ABOUT EPTICA .......................................................................................................................16 APPENDIX 1: METHODOLOGY ........................................................................................................ 17 2 1/ EXECUTIVE SUMMARY Despite the UK climbing out of recession, pressure on the retail sector is actually increasing. Shoppers are still price sensitive, driving greater competition as newer, more agile entrants undercut traditional leaders in many parts of the industry. Consumers are continually demanding more – better prices, better service and a better experience. Retailers that cannot offer this across every channel risk losing out to those that are able to understand and meet customer needs. Over the past five years the Eptica Multichannel Customer
    [Show full text]
  • List of Brands
    Global Consumer 2019 List of Brands Table of Contents 1. Digital music 2 2. Video-on-Demand 4 3. Video game stores 7 4. Digital video games shops 11 5. Video game streaming services 13 6. Book stores 15 7. eBook shops 19 8. Daily newspapers 22 9. Online newspapers 26 10. Magazines & weekly newspapers 30 11. Online magazines 34 12. Smartphones 38 13. Mobile carriers 39 14. Internet providers 42 15. Cable & satellite TV provider 46 16. Refrigerators 49 17. Washing machines 51 18. TVs 53 19. Speakers 55 20. Headphones 57 21. Laptops 59 22. Tablets 61 23. Desktop PC 63 24. Smart home 65 25. Smart speaker 67 26. Wearables 68 27. Fitness and health apps 70 28. Messenger services 73 29. Social networks 75 30. eCommerce 77 31. Search Engines 81 32. Online hotels & accommodation 82 33. Online flight portals 85 34. Airlines 88 35. Online package holiday portals 91 36. Online car rental provider 94 37. Online car sharing 96 38. Online ride sharing 98 39. Grocery stores 100 40. Banks 104 41. Online payment 108 42. Mobile payment 111 43. Liability insurance 114 44. Online dating services 117 45. Online event ticket provider 119 46. Food & restaurant delivery 122 47. Grocery delivery 125 48. Car Makes 129 Statista GmbH Johannes-Brahms-Platz 1 20355 Hamburg Tel. +49 40 2848 41 0 Fax +49 40 2848 41 999 [email protected] www.statista.com Steuernummer: 48/760/00518 Amtsgericht Köln: HRB 87129 Geschäftsführung: Dr. Friedrich Schwandt, Tim Kröger Commerzbank AG IBAN: DE60 2004 0000 0631 5915 00 BIC: COBADEFFXXX Umsatzsteuer-ID: DE 258551386 1.
    [Show full text]
  • Eu & Uk Competition Law Bulletin
    EU & UK COMPETITION LAW BULLETIN 7 May 2009 Please click on the following links to go directly to your area of interest: Mergers State Aid Anti-trust Market Investigations Litigation OFT clears proposed acquisition of 15 former Zavvi stores by HMV plc on basis of 'failing firm defence' The Office of Fair Trading (OFT) has cleared the proposed acquisition of fifteen former Zavvi stores by HMV plc on the basis of the 'failing firm defence'. Zavvi, formerly a leading national retailer of entertainment products, was formed after a management buy out of the Virgin Megastore division of the Virgin Group in September 2007, but went into administration at the end of last year. This case is particularly interesting because, prior to Zavvi going into administration, both it and HMV were leading national retailers of entertainment products, with overlapping stores in a large number of local areas across the UK. However, the application of the failing firm defence means that the Zavvi acquisition is cleared without the OFT needing to conduct a detailed market analysis under its normal merger control procedure. What is the failing firm defence? The ‘failing firm defence’ in the UK is a defence under the Enterprise Act 2002 which parties to a merger may seek to rely on to persuade the OFT that a merger raising substantive competition concerns should be cleared and not, therefore, referred to the Competition Commission (CC) on the basis that the target business will exit the market if the merger does not go ahead. The rationale for accepting such claims is therefore that any harm to competition would result even without the merger, and so should not be attributed to it.
    [Show full text]
  • Kodak, Woolworths and Game Have All Paid the Price for Not Adapting Quickly Enough to New Market Dynamics
    Is Your Board Good Enough? Kodak, Woolworths and Game have all paid the price for not adapting quickly enough to new market dynamics. Criticaleye speaks to executive and non-executive directors to find out how to root out complacency within the boardroom www.criticaleye.net 1 A toxic combination of weak non-executive the CEO has built an extra set of doors to stop directors and steadfast denial on the part of people getting into his office – honestly, I’ve the CEO invariably means a business won’t seen that happen several times.” react in time to new market dynamics. This remains a big problem as seemingly bullet- BE BRAVE proof brands continue to be usurped by innovative rivals – so how do you prevent the The answer is to erase complacency and rot of complacency setting into your business? to continually kick the tyres of a business. “Review, review, review,” states John Kelly. First off, realise that no-one can afford the “Never think a strategy is ‘done’. Assume luxury of over-confidence in the current it’s wrong and work diligently to make it climate as the margin for error is ridiculously right, then assume it’s wrong again and small when it comes to losing customers. repeat the procedure.” John Kelly, Non-executive Chairman of rail ticket retailer and information provider The So even if the writing is clearly on the wall, the Trainline comments that “companies lose culture within a business may be such that touch with customers when they become Some boards people simply don’t know how to react.
    [Show full text]
  • Economic Insight 20
    Economic Insight Issue 20 04.08.10 www.prsformusic.com/economics Adding up the UK music industry for 2009 In the summer of last year we published the appreciate the international context and ‘Adding up the Music Industry for 2008’ to recognise the value of music to UK plc on the explain how much the entire UK music world stage. To do this, we’ve offered three industry was worth, and more importantly new areas of analysis: (i) the role of UK Prepared by Will Page and Chris Carey, how it all hangs together. Our hope is that songwriters and publishers as net exporters PRS for Music, London this work will become a valuable reference of repertoire (ii) the divergence between the document for the industry and all of its signs of stabilisation in the UK and stakeholders to understanding and pessimism being expressed in the US and (iii) appreciate all of the rights, relationships and the role of music in driving tourism in the revenue streams that UK music generates. current economic climate. This year we have revisited the same ‘adding Whilst the overall picture is one of up’ exercise with more evidence, improved stabilisation, any talk of green shoots should analysis and a better understanding thanks be tempered by stressing caution over to constructive and collaborative feedback complacency. To quote the late Thomas from across the media sector. The principle Edison, “we shall have no better conditions motive for this work remains the same: the in the future if we are satisfied with all those better we understand the true makeup of which we have at present”.
    [Show full text]
  • Re-Imagining the High Street Escape from Clone Town Britain
    Re-imagining the high street Escape from Clone Town Britain The 2010 Clone Town Report nef is an independent think-and-do tank that inspires and demonstrates real economic well-being. We aim to improve quality of life by promoting innovative solutions that challenge mainstream thinking on economic, environmental and social issues. We work in partnership and put people and the planet first. A report from the Connected Economies Team nef (the new economics foundation) is a registered charity founded in 1986 by the leaders of The Other Economic Summit (TOES), which forced issues such as international debt onto the agenda of the G8 summit meetings. It has taken a lead in helping establish new coalitions and organisations such as the Jubilee 2000 debt campaign; the Ethical Trading Initiative; the UK Social Investment Forum; and new ways to measure social and economic well-being. Contents Foreword 2 Executive summary 3 Part 1: High street collapse? 6 Part 2: The clone town parade 2009 13 Part 3: Communities fighting back 27 Part 4: Re-imagining your local high street to support a low carbon, high well-being future 34 Recommendations 43 Appendix: Clone Town Survey 44 Endnotes 46 Foreword Why does it matter that our town centres increasingly all look the same? Is the spread of clone towns and the creeping homogenisation of the high street anything more than an aesthetic blight? We think so. Yes, distinctiveness and a sense of place matter to people. Without character in our urban centres, living history and visible proof that we can in some way shape and influence our living environment we become alienated in the very places that we should feel at home.
    [Show full text]
  • Brave New World
    The Booksellers Association of the United Kingdom & Ireland Brave New World Digitisation of Content: the opportunities for booksellers and The Booksellers Association Report to the BA Council from the DOC Working Group Martyn Daniels Member of the BA's Working Group November 2006 1 The Booksellers Association of the United Kingdom & Ireland Limited 272 Vauxhall Bridge Road, London SW1V 1BA United Kingdom Tel: 0044 (0)207 802 0802 e-mail: [email protected] website: http://www.booksellers.org.uk © The Booksellers Association of the United Kingdom & Ireland Limited, 2006 First edition November 2006 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of The Booksellers Association. British Library Cataloguing in Publication Data Brave New World Digitisation of Content: the opportunities for booksellers and The Booksellers Association ISBN 978-0-9552233-3-4 This publication was digitally printed by Lightning Source and is available on demand through booksellers. This publication is also digitally available for download to be read by DX Reader, MS Reader, Mobipocket & Adobe eBook reader from www.booksellers.org.uk This digitisation plus the digitisation for Lightning Source has been performed by Value Chain International www.value-chain.biz 2 Members of the DOC Working Group Members of the working group are as follows: Joanne Willetts Entertainment UK (Chairman)
    [Show full text]
  • SVP Brochure 6(S2) 15/11/10 11:55 Page 1
    SVP brochure 6(s2) 15/11/10 11:55 Page 1 St Mary’s University College A College of Queen's University Belfast | Coláiste Ollscoile Naomh Muire Northern Ireland Catholic Council on Social Affairs SVP brochure 6(s2) 15/11/10 11:55 Page 2 2 ACKNOWLEDGEMENTS We would like to acknowledge the contribution of the authors - Professor Peter Finn, Dr Gerard McCann, Dr Niall Coll and Dr Gabrielle Nig Uidhir. We would also like to thank the members of the Working Group - Rev Tim Bartlett, Dr Nicola Rooney, Dr Oliver Woods and Mr Jack Doran. In addition, thanks goes to those who provided feedback on the document, including: the members of the Northern Ireland Catholic Council on Social Affairs, the members of the Irish Commission for Justice and Social Affairs, Mr Cormac Wilson, Regional President, SVP, and the members of the Social Justice and Policy Team, SVP National Office. SVP brochure 6(s2) 15/11/10 11:55 Page 3 CONTENTS ACKNOWLEDGEMENTS INTRODUCTION 4 ONE - THE MANY VOICES OF POVERTY 6 TWO - THE SCALE OF POVERTY 16 THREE - FAITH AND POVERTY 26 CONCLUSION AND RECOMMENDATIONS 30 REFERENCES 34 SVP brochure 6(s2) 15/11/10 11:55 Page 4 4 Introduction Poverty is a problem in Northern Ireland and challenging poverty is important. It is important for those who have to endure the day-to-day struggle of trying to make ends meet, for those in our society who are forced to live on the social and economic margins and for communities that have been systemically trapped in a cycle of deprivation and social exclusion.
    [Show full text]
  • Nielsen Bookscan Uk
    NIELSEN BOOKSCAN UK NIELSEN BOOKSCAN Nielsen BookScan collects UK; remaining sites are specialised PROVIDES ESSENTIAL transactional data at the point of such as gift shops, specialist INFORMATION YOU NEED TO sale, directly from tills and dispatch booksellers and tourist information KEEP AHEAD IN AN systems of all major book retailers. centres. Nielsen BookScan TCM INCREASINGLY COMPETITIVE This ensures detailed and highly represents sales through 6,500 accurate sales information on which retailers in the UK each week and RETAIL BOOK MARKET. books are selling and at what price, charts are available within 72 hours of METHODOLOGY: giving you the most up-to-date and the period end. The Nielsen BookScan service is the relevant data. world’s largest continuous book sales tracking service in the world, operating The Nielsen BookScan Total in the UK, Ireland, Australia, New Consumer Market (TCM) data Zealand, India, South Africa, Italy, covers approximately 90% of all Spain and Brazil. retail print book purchases in the PARTICIPANTS IN THE NIELSEN TOTAL CONSUMER MARKET PANEL: Amazon.co.uk Independents (General & The Book Depository Historically included: Asda Specialist) The Book People (excluding Alpha Retail Asda Online Institute of Contemporary Core range) B&Q Arts BBC Retail The Science Museum Books Etc John Smith & Son Blackwell Group Books Etc Travel Morrisons Books Etc Online The Stationery Office Borders Mothercare British Museum V&A Museum British Bookshops National Gallery CLC Bookshops Waitrose Computer Manuals National Portrait Gallery Daunt Books Waterstones Fopp Music & Books Natural History Museum Early Learning Centre Waterstones Online Hughes & Hughes Travel Royal Academy of Arts Eason & Son (NI) WH Smith Online Martins (inc.
    [Show full text]
  • Ifpi.Org Recording Industry in Numbers 2009 the Definitive Source of Global Music Market Information
    Recording Industry In Numbers 2009 The Definitive Source Of Global Music Market Information www.ifpi.org Recording Industry In Numbers 2009 The Definitive Source Of Global Music Market Information www.ifpi.org It all started in a café in Bristol, England in 1934, when dance musicians were replaced by vinyl records played on a phonograph. Back then, PPL had just two FOR 75 YEARS, members – EMI and Decca. Now we have over 3,400 record companies and, following a merger with the principal performer societies, 39,500 performers. In addition, our reach has extended to include international repertoire and overseas PPL HAS BEEN royalties through 42 bilateral agreements with similar organisations around the world. PPL licenses businesses playing music, from broadcasters to nightclubs, from GROWING INTO A streaming services to sports studios, from internet radio to community radio. Licensees are able to obtain a single licence for the entire PPL repertoire, a service which is seen as increasingly valuable for both rightholders and users alike as MODERN SERVICE consumption of music continues to grow. Broadcasters such as the BBC have commented that they simply would not be able to use music at such a scale, across nine TV channels, sixty radio stations, the iPlayer and numerous online services ORGANISATION without a licence from PPL. The PPL licence is equally valuable to other users, such as commercial radio stations, BT Vision, Virgin Media, Last.fm and even the fourteen oil rigs that want to keep their oil workers entertained on their tours of duty. FOR THE MUSIC For the performers and record companies who entrust their rights to PPL, the income from these new distribution outlets is becoming increasingly valuable.
    [Show full text]
  • Movie Markets in the UK Annex 11 to Pay TV Market Investigation Consultation
    Movie markets in the UK Annex 11 to pay TV market investigation consultation Publication date: 18 December 2007 Annex 11 pay TV market investigation consultation – movie markets in the UK Annex 11 1 Movie markets in the UK This annex contains an Ofcom-commissioned independent report produced by Screen Digest which provides an overview of the UK industry for television rights for movie content, including: • Types of rights bought and sold for distribution in the UK • Relationships between broadcasters and rights holders in the UK • The way rights have been sold in the UK 1 Movie Markets in the UK A report commissioned by OFCOM screendigest Movie Markets in the UK Movie Markets in the UK screendigest Published November 2007 A report commissioned by OFCOM Screen Digest Limited Lymehouse Studios 30/31 Lyme Street London NW1 0EE telephone +44/20 7424 2820 fax +44/20 7424 2838 e-mail [email protected] Author Vincent Létang (TV), Marie Bloomfi eld (DVD), Tim Westcott (TV), Charlotte Jones (Cinema), David MacQueen (Mobile) Editor Ben Keen, Vincent Létang Layout Leander Vanderbijl, Ben Hackshaw, Tom Humberstone All rights reserved. No part of this publication may be reproduced, transmitted, or stored in a retrieval system, in any form or by any means without the prior written permission of the publisher, nor be otherwise circulated in any form of cover or binding other than that in which is it published and without a similar condition (including this condition) being imposed on the subsequent publisher. Copyright © Screen Digest 2007 Printed by Screen Digest (A) 2 Tables and charts Movie Markets in the UK 1 Prints & Advertising costs 27 Film Prints: Transportation 27 Tables and charts 3 Piracy 28 3.3 Market data 28 Executive summary 7 Market Revenues 28 Overall market trends 7 3.4 Flow of Funds 29 Cinema 9 Buena Vista International (UK) Limited 30 DVD 9 Sony Pictures Releasing 30 TV-based VOD (walled-garden VOD) 10 Twentieth Century-Fox 30 Internet-based VOD 10 Warner Bros.
    [Show full text]