RNS Number:9196J
DIC Entertainment Holdings, Inc.
14 December 2007

The information contained herein is restricted and is not for publication,
release or distribution in or into the United States of America, Canada,
Australia, New Zealand, the Republic of Ireland, South Africa or Japan or to any
national, resident or citizen of the United States of America, Canada, Australia
or Japan.

               DIC Entertainment Holdings, Inc. - Trading Statement

DIC Entertainment Holdings, Inc. ("DIC" or the "Company") announces that trading
for the fiscal year ending 31st December 2007 will not meet current market
expectations.  While revenue will be materially in line with current market
expectations, EBITDA will fall short solely due to the decision to take non-cash
write-downs in the carrying values of certain properties contained in the
Company's animation library. These write-downs are the result of a detailed,
year-end, library ultimate review performed by management in connection with its
2008 fiscal year budget process. They reflect a reduction in projected revenue
in both home entertainment and television sales over the duration of the
respective ultimate accounting periods.  The Company estimates that these write-
downs, in the form of additional film and television cost amortization, will
result in approximately an $11.5 million reduction in EBITDA. These write-downs
have no impact on the current cash position of the Company. 

For 2008, the Company is forecasting a year over year revenue increase of
between $5 to $8 million, along with an increase in EBITDA to a positive $2 to
$4 million, which reflects a more cautious outlook for next year than previous
expectations. 

Making the announcement, President and Chief Operating Officer Jeffrey Edell
said,

"The adjustments made to the carrying values of certain titles within the DIC
animation library are required by current accounting regulations.  While we own
these titles in perpetuity, for accounting purposes there is an average of 5
years remaining to amortize their costs.  Consequently, we do not believe that
these adjustments impact the long-term value of these assets and we are
confident they will continue to generate revenue for years to come, particularly
through our international broadcasting joint venture, KidsCo, and future new
media exploitation."

As the year comes to an end there are many reasons to be positive about the
future.  Specifically, we would like to point to the early success of our
merchandising programs for Horseland, Mommy & Me (exclusively available at Wal-
Mart) and Cake; the continued success of established properties such as
Strawberry Shortcake; the rapid expansion of our interactive/new media
activities; Kidsco; and the continuing success of Copyright Promotions Limited
Group, our wholly-owned international licensing and merchandising subsidiary in
Europe. 



For further information please contact: 

  Simon Forrest, Investor Relations, DIC                Tel: +44 (0) 7885 317746
  Craig Breheny, Ash Spiegelberg, Brunswick            Tel: +44 (0) 20 7404 5959

 



This announcement is not for publication, release or distribution, directly or
indirectly, in, into or from the United States of America, Canada, Australia,
New Zealand, the Republic of Ireland, South Africa or Japan or their respective
territories or possessions.

This announcement does not constitute or form part of an offer for sale or
subscription of, or any solicitation of an offer to purchase or subscribe for,
securities and any purchase of or subscription or application for shares
("Common Shares"). The price and value of, and income from, shares may go down
as well as up.  Persons needing advice should consult a professional adviser.

The securities referred to herein have not been registered in any jurisdiction,
and, in particular, will not be registered under the U.S. Securities Act of
1933, as amended, or any applicable state securities laws and may not be offered
or sold in the United States absent registration or an applicable exemption from
such registration requirements.

Information contained in this announcement may include 'forward looking
statements'.  All statements other than statements of historical facts included
herein, including, without limitation, those regarding the company's financial
position, business strategy, plans and objectives of management for future
operations (including development plans and objectives relating to the company's
business) are forward- looking statements.

Such forward-looking statements are based on a number of assumptions regarding
the company's present and future business strategies and the environment in
which the company expects to operate in the future.  These forward-looking
statements speak only as to the date of this announcement and cannot be relied
upon as a guide to future performance.  The company expressly disclaims any
obligation or undertaking to disseminate any updates or revisions to any
forward-looking statements contained in this announcement to reflect any changes
in its expectations with regard thereto or any change in events, conditions or
circumstances on which any statement is based.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

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