Local television production company set to invest in foreign markets | Latest Newry News, Newry Sport and Newry Business for Newry City

Local television production company set to invest in foreign markets

Independent television production company Big Mountain Productions is hoping to continue its growth this year by expanding into Great Britain, the USA and Canada. The Newry based company is investing over £480,000 into markets abroad and Invest NI have offered £88,000 to the business.

The company, which makes programmes and sells original programme formats to major broadcasters across Ireland, is targeting £2.4 million worth of export sales over the next three years. Big Mountain Productions also plans to hire nine new employees to facilitate the plans.

Director of Regional Economic Development for Invest Northern Ireland, Bill Scott said, “The creative industries sector is key to economic growth in Northern Ireland. This investment will enable Big Mountain Productions to take advantage of emerging opportunities in international markets and to exploit its ideas across a range of media platforms. By strengthening its management and product development team, the company can boost its competitiveness and work towards gaining its share of sales in lucrative new markets.”

Also speaking about the plans, Director of Big Mountain Productions Philip McGovern said, “This investment will help us to create new and unique products that can be marketed globally and grow our company into a major brand for popular factual and factual/entertainment formats. Protecting the intellectual property rights to our products will be a key factor in our future success and growth in key markets. Support from Invest NI will enable us to progress our expansion plans and help us to secure £2.4 million worth of new export business over the next three years.”

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Posted by on Feb 7 2012. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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