Growth tied to acquisitions
LONDON — Sales at kidvid company Gullane Entertainment, best known for “Thomas the Tank Engine,” were up 95% for the year ended June 30 to £35.3 million ($51.8 million).
Profits before tax, goodwill, amortization and exceptionals were $14.3 million, up 44%.
The growth was largely tied to acquisitions of other properties. Gullane pointed to venerable kids character Sooty as well as the acquisition of indie company Media Merchant, home of “Art Attack.” In July, Gullane also bought Guinness World Records.
In separate news, Gullane prexy Charles Falzon named David Snyder senior VP of entertainment as part of the company’s expansion.
Based in New York, Snyder will oversee global production, distribution and development.
He joins Gullane from Walt Disney Television Intl. in London, where he was senior VP of programming and creative development. He was responsible for developing “Art Attack,” now part of Gullane’s catalog.
(Bobbie Whiteman in Los Angeles contributed to this story.)