Posts taken from the darkside:
http://www.oil-barrel.com/advisers/hardman/julymonthly.pdf
"Galleon specialises in creating and exploiting IP targeted at children and the family market. It has a unique mix of businesses with two divisions - Croco, its in-pack premiums production company, complementing Galleon Entertainment, its IP operations. The company is in the process of moving from an unprofitable early stage company to a profit generating business with on-air properties."
Also from the link:
GALLEON
Galleon is new to our coverage list this month and has had good news from
both its major business streams. Croco, which designs and produces inpack
premiums (the little things you find in your cereal packet), has won a
major contract which will produce a fee of 317k fordesign and development. If
the design is used, Crocowill receive major orders.
We believe orders in this area are frequently in the 5-10m range at the top
end, though margins are relatively slim.Further, Galleon Entertainment, which
creates and markets IP inthe childrens entertainmentsector, has signed further
broadcasting deals for itsSkunk Fu! animated series.
It had already signed RTL in Germany, as well as UKbroadcast, and now adds
Canal J in France and ABC in Australia. This increases the number of territories in which the show will be aired and thus increases Galleon Entertainments merchandising capability.
Galleon has also indicated that it is in advanced negotiations with major US
networks. Adding the US to its territories would in our opinion be a major coup and could double the revenues from the show.
Please call for a full copy of
our initiation of coverage
note published on 26 July
2006.