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Parallel Media Group PLC Ord1P (PAA)

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10-Apr-2015 02:43 PM

PMG revenues from golf event carried into 2016

Revenues for Parallel Media Group's golf division from The Championship in Singapore will now fall into the company's 2016 financial year following the postponement of the event from 2015 to a new spring date in 2016. This is expected to be ann
19-Jun-2014 02:49 PM

Parallel Media Group narrows FY pretax loss

Parallel Media Group narrowed its FY pretax loss to £0.2, from a loss of £0.8m. Revenue was £7.8m, from £6.3m. During the period PMG continued to expand its Sports business, promoting four golf events: the Ballantine's Championship in Korea, The
03-Apr-2014 03:12 PM

PMG confirms Pru as Causeway Trophy sponsor

Prudential Assurance Company Singapore has been confirmed as title sponsor for the Causeway Trophy, Parallel Media Group's annual golf event. The Ryder Cup-style tournament is between professional golfers from Singapore and Malaysia. Participants wi
05-Dec-2013 02:21 PM

K-Pop concert postponed, says PMG

Parallel Media Group has confirmed that the K-Pop concert, which was scheduled to take place this month, will be delayed until next year. The event has been postponed at the request of the sponsor and follows a mutual agreement between the sponsor and P
30-Sep-2013 09:37 AM

Parallel Media H1 pretax profit spikes much higher

Parallel Media's H1 pretax profit spiked 64% to £0.66m, from £88,000. Turnover was up 39% to £1.85m, from £1.28m. "The first six months of this financial year has been outstanding and has seen the Group record excellent results," said
26-Jun-2013 07:29 AM

Parallel Media widens FY pretax loss to £0.8m

Parallel Media widened its full-year pretax loss to £0.8 million, from a loss of £0.4 million a year earlier. Revenue totalled £6.2 million, from £6.4 million. The prior year included an exceptional item of £0.1 million. PMG has recently announced
06-Jun-2013 02:56 PM

PMG to promote 'Premier League Golf'

AIM-qouted sports, entertainment and media agency Parallel Media Group has signed an agreement to promote 'Premier League Golf' - a celebrity golf event to be staged in Singapore. The event, to be held on the 20 and 21 June 2013 at Marina Bay S
03-May-2013 04:25 PM

PMG agrees loan from chairman

Parallel Media Group has agreed a £310,000 loan from chairman David Ciclitira. PMG says the loan was needed to meet various contractual obligations, specifically relating to the company's successful K-pop concert business where late payment would h
10-Apr-2013 12:19 PM

Parallel Media forms TV joint venture

Parallel Media Group ("PMG"), the AIM quoted sports, entertainment and digital media agency, has entered into a 50:50 joint venture agreement with Pico Global Services, a subsidiary of Pico Far East Holdings. They will form Pico TV which will
30-Oct-2012 08:42 AM

PMG launches K-pop division

Subsequent to this morning's announcement, which confirmed that PMG had acquired the remaining 50% stake in Parallel Smart Media Asia Alpha Entertainment Pte Limited, PMG announces the creation of a K-pop division with operations in Seoul and Singapo
30-Oct-2012 07:39 AM

PMG acquires interest in Parallel Smart Media Asia

PMG, the sports marketing, entertainment and digital media agency, has acquired HW Alpha PTE's 50% interest in Parallel Smart Media Asia Alpha Entertainment. The consideration for the acquisition comprises a nominal cash sum and the grant to HW Alp
29-Oct-2012 02:39 PM

Parallel Media Group resolutions passed at AGM

Parallel Media Group has confirmed that all the resolutions proposed to shareholders at its annual general meeting were duly passed. At 2:39pm: (LON:PAA) Parallel Media Group share price was 0p at 15.25p Story provided by
15-Aug-2012 08:09 AM

Parallel Media bags new contracts in Asia

Parallel Media Group has announced a series of new contracts relating to its Asian based business. Parallel Media Group Asia (PMGA), a 51% owned subsidiary has sold, on behalf of Alpha Entertainment Group Pte Ltd, until 31 December 2012 the title sponso
25-Jul-2012 02:42 PM

Parallel Media losses narrow

Parallel Media - a leading sports marketing and digital media group - posts losses of £0.4m for the year to the end of December, down from £1.3m in 2010. Administration costs fell to £1.9m (2010: £2.8m) and the loss per share dropped to 2.2p from 24
28-Jun-2012 12:50 PM

Parallel Media Group shares suspended pending release of results

The Board of Parallel Media Group (LON:PAA) announces that the Company will not be in a position to publish its annual audited accounts for the year ended 31 December 2011 by 30 June 2012, as required by the AIM Rules. According to the company the delay
01-Mar-2012 08:55 AM

PMG announces Italian joint venture

Parallel Media Group, the sports marketing and digital agency, is to expand its business in Italy, following the signing of a joint venture agreement with Italian Sports Media agency, Media Makers, and the appointment of Pier Luigi Stefani to a newly cre
31-Jan-2012 09:45 AM

Parallel Media enters French joint venture

Parallel Media Group (LON:PAA), the AIM quoted sports marketing and media group, is pleased to announce that Parallel Smart Media (PSM), which is 50% owned by PMG, has signed binding heads of agreement to enter into a 50/50 joint venture with Froggies Med
22-Aug-2011 08:11 AM

Parallel Media sees 8% profits growth

Parallel Media Group Plc, the sports marketing and media group, has announced interim results for the period ended 30th June 2011 showing a 3% increase in turnover to £6million (2010: £5.8million) and an 8% increase in gross profit to £1.6 million (2010:
01-Aug-2011 01:16 PM

Mison steps down as PMG managing director

Sports media and digital agency PMG's managing director Stewart Mison has stepped down. PMG says it is intended that Mison will continue to work with the company in a consultancy capacity, leveraging his experience in digital solutions to assist the
08-Jul-2011 07:23 AM

Parallel Media opens Korean office

Following the recent announcement that South Korea will be hosting the 2018 Winter Olympics, PMG, a leading sports marketing and promotion company, has announced the establishment of Parallel Media Korea (PMK), a new wholly owned subsidiary of PMG in Seou
30-Jun-2011 04:25 PM

Parallel Media Group launches smart media division

Parallel Media Group has launched a new smart media division through the indirect acquisition of 50% of Parallel Smart Media Ltd, a joint venture with Talspace Inc, for £1m. PSM has launched a new 'smart media' viewing platform, developed using
16-May-2011 10:57 AM

Parallel Media boosted by Korean golf tournament

Parallel Media Group (PMG) has been boosted by the successful staging of the Ballantine's golf tournament held in Seoul in Korea. PMG generates revenue from sponsorship, television and ticket sales and and the strong financial performance from the t
09-Nov-2010 11:28 AM

Parallel Media £3.7m refinance

Parallel Media Group is to raise more than £3.7m through a combination of a £0.95m placing, conversion of £1.7m convertible loan notes and conversion of £1.08m other creditors. The Board says that 2.375m shares have been conditionally placed at 40p pe
23-Sep-2010 01:03 PM

Parallel Media revenue up on golf tourney sponsorship

Sports marketing, media, and event management company Parallel Media reported turnover for the six months to June up 2% to £5.8m, due mainly to increased secondary sponsorship for the Ballantine's golf championship in South Korea. Gross profit incr
17-Sep-2010 04:19 PM

Ballantine's Championship moving to Seoul, says Parallel Media

The 2011 Ballantine's Championship - the golf tournament co-sanctioned by the European Tour, Asian Tour and Korean PGA - will be played at the prestigious Blackstone Resort in Icheon, near Seoul. Sports marketing and media group Parallel Media Grou
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