IFM Intandem

TIDMIFM

RNS Number : 6701Y

Intandem Films PLC

26 February 2013

INTANDEM FILMS PLC

Board Changes

Intandem Films plc ("Intandem" or the "Company"), the London based international film group, is pleased to announce the appointment of Robert Mitchell as Chief Executive Officer with immediate effect.

Robert, who first joined the Board in 2011 as a non executive director, has previously worked for some of the biggest film companies in the world. He worked for Walt Disney for 17 years where he set up the UK operations of international film distribution company, Buena Vista, in 1992. He was subsequently promoted to Managing Director of Walt Disney UK. During his time at Disney Robert released four of the then top 25 films ever distributed in the UK, including Pirates of the Caribbean and The Lion King. In 2004, he was voted International Distributor of the Year by ICA and has been a BAFTA winner. He has executive produced two award winning films: And When Did You Last See Your Father staring Colin Firth and Flashbacks of a Fool staring Daniel Craig. Robert has also previously worked at Warner Brothers.

Robert joined Intandem's executive management team in 2012 to head up the UK distribution business. The Company will continue to consider UK distribution opportunities but these can typically be capital intensive in nature. Consistent with the Company's policies of managing the risk associated with the film industry, and not investing in the production of films from its own resources, in the short to medium term the Company will only commit to UK distribution engagements where it is possible to partner with a second UK distributor in order to reduce the commitment of the Company's own resources. Robert will replace Gary Smith who has decided to step down from the Board and leave the Company to combine his career as an executive producer with new opportunities outside the film industry.

Berlin Film Festival 7 - 15 February 2013

Earlier this month the Company attended the Berlin Film Festival. A number of sales from the current slate were signed with distributors from territories across the globe for 2013/14 release, including titles Believe (formerly known as Theatre of Dreams) and The Laureate. Production of 10 Things I Hate About Life is delayed but expected to resume in the second half of 2013.

John James, non executive director said "Robert Mitchell has brought significant skills and experience to the Board since his original appointment in 2011 and his appointment as CEO offers an excellent opportunity for Intandem's future growth. On behalf of the Board, I would like to thank Gary Smith for his contribution over the years to the development of the Company and we wish him every success in the future."

The Company expects to release its interim results for the six month period ending 31 December 2012 in March 2013.

 
 Intandem Films plc 
  Robert Mitchell, Chief Executive Officer    +44 (0)20 7851 3800 
 finnCap 
  Ed Frisby / Ben Thompson - Corporate 
  Finance 
  Stephen Norcross - Corporate Broking        +44 (0)20 7220 0500 
 Bishopsgate Communications 
  Nick Rome/Sam Allen/Matt Low 
  intandem@bishopsgatecommunications.com      +44 (0)20 7562 3350 
 

About Intandem Films

Intandem Films plc (www.intandemfilms.com) is a London based international film company. It specialises in raising finance for commercial feature films and selling them to distributors around the world. Intandem closely manages the risk associated with the film industry and does not invest in the production of films from its own resources. Its highest profile film to date was How to Lose Friends and Alienate People starring Simon Pegg, Jeff Bridges and Megan Fox, for which Intandem raised the finance and sold the film to distributors such as Paramount, Warners and MGM.

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