Shed revenue rises by 10%

Company owns Ricochet

LONDON — Shed Productions, the British producer behind ABC’s recently shelved pilot “Footballers’ Wives,” has reported a 10% increase in revenue for the six months ending Feb. 28, 2007, despite the cancellation of its two flagship series in the U.K.

The Aim-listed company, which also owns “Supernanny” producer Ricochet, saw revenue grow to £19.1 million ($37.9 million) over the period, compared with £17.3 million ($34.3 million) in 2006, although pre-tax profit was down from £2.8 million ($5.5 million) to £2.3 million ($4.6 million).

According to CEO Eileen Gallagher, the company has recovered from the loss of its two major drama brands, “Bad Girls” and “Footballers’ Wives,” both of which were cancelled by ITV last year, and remains confident of achieving growth “in line with expectations” for the full year.

In the U.K., Shed has secured new commissions, including ITV drama “Rock Rivals,” set around a TV talent show, and the romantic comedy “Cat Walk Dogs,” while Ricochet has enjoyed a strong year in the U.S., with ABC picking up a fourth season of “Super Nanny,” along with new primetime series “Fat March,” which will air this summer.

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