Press Release 30 January 2014
Papa Entertainment plc
("Papa Entertainment" or the "Company")
Papa Entertainment Plc (ISDX:PAPP), a specialist UK group focused on the music and media industries, announces the
following trading statement following the end of the third quarter of Company's trading to 31 December 2013.
As announced on 23 December 2013, Papa Entertainment's wholly owned subsidiary, Rock Vault Tours Inc. ("RVT"), signed
a new and much improved entertainment engagement agreement with The Las Vegas Hotel & Casino ("LVH") for its Raiding
the Rock Vault ("RTRV") show to remain at the LVH for a period of one year with a sixty day termination clause for
either party. Like many other shows in Las Vegas, RTRV entered into a holiday period for its cast and crew on 1
December 2013 and the first returning show, with some new additions to the band, commenced successfully on 24 January
Revenues from ticket and merchandise sales for RTRV continued to increase in the third quarter and the Directors
expect that this, in conjunction with the new LVH contract, will have a positive impact on the Company's financial
performance for the remainder of the current financial year. RTRV has now firmly established itself as one of the
most successful and well recognised shows in Las Vegas.
Good progress also continues to be made within the Company's music production and publishing company Mission
Entertainment Group Limited ("Mission Group"). The Company remains confident that Mission Group will acquire
additional catalogues in 2014 and that it will continue to support its existing artists. Mission Group seeks to
maximise its joint publishing venture with Notting Hill Music (UK) Limited by signing up new artists, an agreement
that Mission Group entered into in June 2013, in order to grow this core part of the Company.
Harry Cowell, Chief Executive of Papa Entertainment plc, said: "We are delighted to report that 2014 has started off
well for RTRV with the opening show on 24 January achieving critical acclaim from some of the most respected and
widely read entertainment media in Las Vegas.
"Over the holiday period, we worked hard to secure a fantastic new contract with the LVH and as part of this deal, a
new advertising campaign which has been successfully launched that relays our new image for 2014. In addition, the
band now also includes some new faces, most notably Doug Aldrich, who is the sensational guitar player from UK hard
rock band Whitesnake.
"RTRV has now firmly established itself as a must see attraction for not only the residents of Las Vegas but also for
the many visitors that the city attracts each and every day. We believe that 2014 should prove to be an extremely
exciting year for the RTRV show as well as ultimately for the Company and its shareholders."
- 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 www.allenbycapital.com
Henry Harrison-Topham / Jamie Hooper Tel: +44 (0) 20 7398 7719
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
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
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