Wednesday March 26, 08:08 AM
UK smallcap opening - Motive TV climbs on four new orders
LONDON (Thomson Financial) - Motive Television (LSE: MTV.L - news) made headway, climbing 0.1750 of a penny to 1.150 following news the
media investment company's 50.6 pct-owned Manchester (MNCS.OB - news) -based TV production unit, Scarlet Television, has received four new orders from broadcasters.
Sky Broadcasting has ordered three primetime documentaries, while ITV1 has also commissioned an undisclosed one-hour documentary.
Additional revenues of around 900,000 stg will accrue to Scarlet from the four new programme orders.
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