StockMarketWire.com - reach4entertainment enterprises has enjoyed a strong start to trading in the current financial year and is confident of meeting market expectations for the full year.

Historically, r4e's financial performance has been weighted towards the second half of the year, which includes the peak summer and year-end theatre seasons.

However, primarily due to a very strong performance from Spot & Company of Manhattan Inc. ('SpotCo'), the Group's New York based theatre and live entertainment business, it is expected that trading in the current financial year will be more equally balanced between half year periods.

SpotCo continues to benefit from buoyant market conditions on Broadway, with performance supplemented through the delivery of a number of significant, one-off projects. Long running shows include Chicago, Kinky Boots, the annual Radio City Christmas Spectacular and Motown the Musical.

SpotCo also launched, for the 7th consecutive year the Tony award winning musical which, for 2014, was A Gentleman's Guide to Love and Murder. The breadth of clients continues to grow with the addition of the Lincoln Center Theatre and there is a strong slate of upcoming new shows launched for opening later in the year.

London based Dewynters Ltd ('Dewynters') has delivered a solid performance, despite the cancellation of a number of shows.

As the market leader, it continues to work with a substantial number of successful, long-running West End shows which include The Bodyguard, The Book of Mormon, Les Miserables, Mamma Mia!, Charlie and the Chocolate Factory and Wicked which provides security and visibility of earnings.

New openings in 2014 thus far have included Miss Saigon, Skylight and I Can't Sing with other new shows which will open later in the year already launched.

Non West-End related work continues to grow with design work across Europe for theatrical and musical projects whilst the Touring Division, which was established just over two years ago to provide marketing services to touring productions of theatre and other live events, continues to expand in the UK and Europe.

Newman Displays' ('Newmans'), the Group's signage and fascia business, performance remains robust, albeit affected by the move by a major central London cinema to digitalise its external advertising hoardings.

Stage17, the digital platform that delivers a range of Broadway and arts related entertainment content in which r4e holds a 17 per cent stake, continues to progress as expected, with the site (http://www.stage17.tv/) formally launching earlier this year.



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