Papa Entertainment PLC

April 30, 2014 02:00 ET

Distribution Agreements

Press Release                                                      30 April 2014

                                      Papa Entertainment plc
                            (''Papa Entertainment'' or the ''Company'')
                                      Distribution Agreements

Papa  Entertainment  Plc  (ISDX: PAPP), the specialist UK group focused on  the  music  and  media
industries,  announces  that  its  wholly  owned subsidiary,  Mission  Recordings  Ltd.  ("Mission
Recordings"),  has  signed  two  exclusive  distribution  contracts  with  Absolute  Marketing   &
Distribution Ltd. ("Absolute") (the "Contracts").

Under  the  Contracts,  Mission Recordings has appointed Absolute as its  distribution  agent  for
electronic, mobile music and video sales and streaming for all of the recordings and music  videos
that  Mission  Recordings produces, covering both digital and physical label  services.   Absolute
will  also  be responsible for sales to digital service providers and mobile operators through  an
Absolute  E-Business  Development Manager.  The Company anticipates that the  Contracts  will  not
provide a meaningful revenue contribution to the current financial year.

Under  the  digital distribution agreement, Absolute will receive a monthly sales and distribution
fee  of 18% of the net proceeds received from the digital sale of Mission Recording's music videos
and  recordings, as well as a set fee per track, single or album.  Under the terms of the physical
distribution agreement, Absolute will receive 15% of the dealer's retail price, with an additional
fee  of  5%  of  dealer's retail price for promotional stock [such as physical CDs].  Distribution
fees  for  returned records will be an additional 5% of the dealer's retail price.  Absolute  will
also distribute merchandise for Mission Recordings on an exclusive basis.

The Contracts, which have effect from 1 January 2014, run for an initial two year period until  31
December 2016.  Thereafter the Contracts will continue unless terminated by either party giving no
less than three month's notice.

Commenting on the Contracts, Sir Harry Cowell, CEO of Papa Entertainment plc, said: "The Board  is
excited  to  have  signed  this  distribution agreement with Absolute,  which  will  give  Mission
Recordings considerable resources in terms of the marketing and distribution of our material.   We
look  forward  to  working alongside our signed artists such as Ayo Beatz and  Absolute  to  drive
forward the music production arm of the Company."
                                             - Ends -

For further information, please contact:
Papa Entertainment plc                                                                            
Harry Cowell, Chief Executive                                            Tel: +44 (0) 20 8977 0632

Allenby Capital Limited                                                   Tel: +44 (0) 20 3328 5656
Alex Price / Michael McNeilly                                      

Media enquiries:
Henry Harrison-Topham / Jamie Hooper                                     Tel: +44 (0) 20 7398 7719                                   

Notes to Editors

About Absolute Marketing & Distribution Ltd.
Absolute  provides music and entertainment companies in the UK with music record and  /  or  video
sales,  distribution, and marketing services.  Its services include: Physical Sales,  Marketing  &
Distribution;  Digital Sales, Marketing & Distribution; Offline Marketing &  Distribution;  Online
Marketing  &  Distribution; Label Management and Release Co-ordination; Media Planning  &  Buying;
International Licensing & Co-ordination; Synchronisation & Branding; Reporting & Budgeting; Direct
to  Consumer;  Administration Support; Manufacturing & Production.   The  Company's  clients  have
included McFly, Blue, Melanie C and Deep Purple.

For more information, please visit:

About Papa Entertainment

Papa  Entertainment  was  incorporated as a vehicle for the  purpose  of  acquiring  companies  or
businesses engaged in the entertainment, music and media industries.  Papa Entertainment  acquired
Mission Entertainment Group Limited and its subsidiaries (the "Mission Group") in July 2012.

Papa  Entertainment is led by its Chief Executive Officer, "Sir" Harry Cowell,  who  has  over  25
years' experience in the music industry.

The  Company's Non-Executive Chairman is Korda Marshall, who has during his career signed artists,
directed major label A&R departments, produced, executive produced and been a managing director of
three  recording  companies and has worked with performers including Take That,  MUSE,  Ash,  Paul
Oakenfold, the Eurythmics, Dave Stewart, Peter Andre, Garbage, James Blunt, Gnarls Barkley and The
Darkness,  personally  signing  or negotiating with several of these  artists.   Korda's  signings
include Mercury Music Prize winning band Alt-J.

Simon  Napier-Bell, a Non-Executive Director of Papa Entertainment, has enjoyed a long  career  in
the  entertainment  industry,  commencing in the 1960s,  with  notable  highlights  including  the
management of well-known artists such as "Wham!" and the "Yardbirds" and the co-writing of the No.
1 Hit Single "You don't have to say you love me" for Dusty Springfield.

Papa Entertainment was admitted to the ISDX Growth Market on 14 September 2012.

For more information on the Company please visit:

Contact Information

  • Papa Entertainment PLC