Beyond revenue tops $100m

MythbustersAustralia-based Beyond International has reported full-year revenue of A$102.7 million, a figure representing growth of 13.3%.

The Mythbusters producer also saw net profit grow 9.6%, hitting A$9.3 million for the 12 months to June 30, 2013.

Within the total, Beyond reported TV production revenue of A$45.2 million, distribution revenue of A$22.7 million and growth in its digital marketing division, though home entertainment revenue dipped 17%.

Beyond has produced more than 250 hours of television across 20 titles, including more than 100 hours from US broadcasters with show such as Discovery’s Mythbusters and Deadly Women. In all, 53% of production revenue came from outside Australia, up from 51% in 2012.

The firm’s most successful third party, shows included Highway Thru Hell and BBQ Crawl. Beyond Distribution’s senior management are located in London and Dublin.

“Beyond has continued to strengthen its balance sheet to ensure the company is positioned to create and acquire media content that will be exploited through both traditional media outlets and new delivery platforms,” said Beyond International CEO and managing director Mikael Borglund.

“Over the next twelve month’s the company’s focus will be to further strengthen the financial performance in all operating segments of the group in order to generate surplus cash to pay dividends, [and] invest in working capital and new content. Beyond is also actively seeking and assessing strategic acquisition opportunities in the digital media sector,” he added.