LONDON — Ambitious Welsh indie, Tinopolis, hopes to expand its U.S. business as it reported improved results for the six months to March 31.
Tinopolis, whose groups of U.K. indies includes Mentorn, makers of high-profile British current affairs show “Question Time,” recorded a net profit of £682,000 ($1.34 million) on sales of $29.45 million.
This compares with a net loss of $1.9 million for the same period last year.
Executive chairman Ron Jones said: “This year has been about delivering the plan we presented to shareholders when we acquired The Television Corporation. All parts of the business are performing well.
“Mentorn has re-established its reputation as one of the U.K.’s leading production companies and has won new contracts in the U.K. and the U.S. to prove it. Its financial recovery is well under way.”
ABC and Fox are understood to be bidding for U.S. rights to Tinopolis format “Britain’s Worst Driver,” aired by Five in Blighty.
Fox Reality recently acquired “Paradise Hotel” from Tinopolis in a deal worth $6 million.