Metrodome buys Psycho rights owner for £1.6m

 
Steve Dinneen
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BREAKFAST at Tiffany’s rights owner Hollywood Classics has been snapped up by Metrodome in a deal worth £1.6m.

Metrodome will gain access to 600 independent movies as well as 100 classic films from studios including Universal, Paramount, Twentieth Century Fox, Warner Bros and the UK Film Council. Highlights include the Godfather and Alfred Hitchcock classic Psycho.

Metrodome will partly fund the acquisition through the placement of £967,000 worth of new shares. Luke Johnson (pictured), best known for his involvement with Pizza Express, was the biggest single investor, taking his holding in the firm to 8.6 per cent.

He will join the board in September as a non-executive director.

Hollywood Classics reported profits of £510,000 last year on revenue of £6.7m.

ADVISER: CHARLES STANLEY

DUGALD J CARLEAN
CHARLES STANLEY SECURITIES

Charles Stanley corporate finance director Dugald Carlean, who advised Metrodome on its share placement and Hollywood Classics purchase alongside assistant director Karri Vuori, specialises in advising small and mid cap companies on both AIM and the main market. With over 17 years of capital markets experience in Johannesburg and London, he returned to Charles Stanley in February 2010 after three years at Fox-Pitt Kelton, the financial services boutique now owned by Macquarie. By Phoebe Torrance