Papa Entertainment PLC
LSE : PAPP

June 19, 2013 04:42 ET

Joint Publishing Venture and 'Raiding the Rock Vault' Update

                                                 
Press Release                                                                             19 June 2013

                                      Papa Entertainment plc
                                                 
                            (''Papa Entertainment'' or the ''Company'')
                                                 
                   Joint Publishing Venture and 'Raiding the Rock Vault' Update

Joint Publishing Venture
The  directors  (the  "Directors") of Papa Entertainment Plc (ISDX: PAPP), a specialist  UK  group
focused  on  the  music  and  media industries, announce that the  Company's  subsidiary,  Mission
Publishing  Limited  ("MPL"), is to enter into a joint publishing venture (the  "Joint  Publishing
Venture") with Notting Hill Music (UK) Limited ("NHM").  NHM is part of the international  Notting
Hill  Music  Group.   During the term of the Joint Publishing Venture,  MPL  will  grant  NHM  the
exclusive "first look" rights to publish or sub-publish writers introduced by MPL.

The  Joint  Publishing Venture is to be for an initial term of two years, with  an  option  to  be
extended  for  a  further two years, subject to the achievement of a financial milestone.   Income
earned from the publishing rights of writers introduced to the Joint Publishing Venture is  to  be
shared  equally  between  MPL and NHM.  It is intended that the agreements  entered  into  between
writers and MPL and NHM under the Joint Publishing Venture will be for a term of 15 years,  unless
agreed otherwise.

The  Directors  believe  that this Joint Publishing Venture should act as a  replacement  for  the
Company's previous publishing joint venture arrangements with Imagem CV.

Raiding the Rock Vault
In  relation  to  the 'Raiding the Rock Vault' concerts, which are produced by the Company's  100%
owned  U.S.  incorporated  subsidiary, Rock Vault Tours Inc, the Company  provides  the  following
update:

The  Raiding  the Rock Vault band has now performed over 60 concerts in the Showroom  of  the  Las
Vegas  Hotel and Casino over the last 13 weeks.  The Directors estimate that attendances at  these
concerts have ranged from over 300 to in excess of 1,000 audience members.

The  Raiding the Rock Vault band has been performing certain concerts with special guest musicians
and vocalists, which is a policy that the Directors plan to expand on in the future.

Papa  Entertainment has been conducting merchandising activities in relation to  the  Raiding  the
Rock  Vault concerts, which has principally involved the sale of branded items, such as  t-shirts,
CD albums, posters and signed guitars.

Further announcements will be made in relation to the Raiding the Rock Vault concerts as and  when
appropriate.

     The Directors of the Company accept responsibility for the contents of this announcement.

                                             - Ends -

For further information, please contact:

Papa Entertainment plc                                                                            
Harry Cowell, Chief Executive                                            Tel: +44 (0) 20 8977 0632
                                                                      www.papaentertainmentplc.com

SVS Securities Plc                                                                                 
Peter Ward                                                                Tel: +44 (0) 20 7638 5600
Alexander Brearley                                                            www.svssecurities.com

Media enquiries:
Abchurch                                                                                          
Henry Harrison-Topham / Joanne Shears                                    Tel: +44 (0) 20 7398 7709
joanne.shears@abchurch-group.com                                            www.abchurch-group.com


Notes to Editors

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.

The  Mission Group is a group of music production and publishing companies with studio and  office
facilities  in Kingston-Upon-Thames, South West London. The Mission Group's business  consists  of
the   delivery  of  music  to  the  listener,  incorporating  writing,  recording,  marketing  and
distribution, label management and production.  The Company's policy through concentrating all the
Group's operations under one roof and utilising its own studios is to consolidate the functions of
music production and publishing in-house in order to manage costs and to integrate functions  that
would  otherwise  be  subject to external contracting. Various contracts,  artists,  projects  and
agreements are signed to the Mission Group's companies.


Papa  Entertainment  was  admitted  to the ISDX Growth Market  on  14  September  2012.  For  more
information on the Company please visit: www.papaentertainmentplc.com

Contact Information

  • Papa Entertainment PLC