Friday, January 12, 2007

Beyond International no longer International

Australian-listed Beyond International (ASX:BYI) will leave the international film distribution business due to continuous losses. Managing Director Mikael Borglund said that the distribution division had not been profitable for three or four years and lost $A784,000 in 2006-07. He said that exiting the business would minimise the losses for 2006-07. Beyond will still market and license a catalogue of 150 films, which are mainly Australian. The Australia-based company has not distributed a film since 2001. It has established an arrangement with British firm, Bankside Films, to distribute the eight films it acquired in 2006, and film distribution staff will be absorbed by Bankside

Well this is definately a company we do not want to be involved with. It had an unsuccessful attempt to go globabl and it has cost it a lot of money. A much better option in the film industry is MPH.

Good Luck Investing.

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