Report
Fiona Orford-Williams

Mondo TV - Child’s play

Mondo TV has started FY19 in much improved financial health, with a more concentrated portfolio centred on properties with good potential globally. YooHoo has been sold to Netflix as an original series and is now airing internationally, generating revenues and also acting as a flagship project. Licensing revenues should pick up in its wake. Robot Trains should also contribute from this year. The highly competitive environment between terrestrial and SVoD carriers provides a strong trading backdrop as they vie for content. Post the re-basing, Mondo TV is a far less risky investment proposition, yet is priced at a substantial discount to global peers.
Underlying
Mondo TV S.p.A.

Mondo TV is an Italian-based television company engaged in the production and distribution of animated TV series and full-length feature films for TV and cinema. Co. is involved in the entire production process which includes pre-production, production and post-production. The full production cycle calls for a period of time that generally falls between eight and 16 months. Co.'s distribution activities revolve around the distribution of cartoon series and animated features. TV distribution rights for Co.'s cartoon series are sold to public and private networks including Free TV, Pay TV, Pay for View, Cable TV, and satellite TV.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Fiona Orford-Williams

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