http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Thu, 16 Aug 2018 20:19:39 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Notice of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180815070004_13755669/ Wed, 15 Aug 2018 07:00:04 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180815070004_13755669/ <![CDATA[Media files - Live Company Group delighted after hosting two shows simultaneously in Japan ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/10112/live-company-group-delighted-after-hosting-two-shows-simultaneously-in-japan-10112.html Tue, 14 Aug 2018 13:17:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/10112/live-company-group-delighted-after-hosting-two-shows-simultaneously-in-japan-10112.html <![CDATA[News - Live Company Group boosts Japanese market presence with two BRICKLIVE events ]]> http://www.proactiveinvestors.co.uk/companies/news/202812/live-company-group-boosts-japanese-market-presence-with-two-bricklive-events-202812.html Live Company Group Plc (LON:LVCG) has simultaneously run two events of its BRICKLIVE brand to bolster its presence in the Japanese market.

The AIM-listed media firm said it had opened two events in the cities of Shizouka and Akihabara on Saturday, August 11 which had run until Monday and Tuesday respectively.

READ: Live Company to launch BRICKLIVE in Dominican Republic while bolstering brand in South Korea

The company added that both events had been “very well attended”, with chief executive David Ciclitira adding that the Japan arm of the BRICKLIVE brand was continuing to grow its number of shows across the current year.

The move follows a similar strategy in the neighbouring South Korean market, where the group said it will bolster its market through two new permanent BRICKLIVE centres at the Hilton Hotel Gyeongju and at the Hanwha Resort Guoje Belvedere.

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Tue, 14 Aug 2018 07:22:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/202812/live-company-group-boosts-japanese-market-presence-with-two-bricklive-events-202812.html
<![CDATA[RNS press release - BRICKLIVE Japan Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180814070014_13753920/ Tue, 14 Aug 2018 07:00:14 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180814070014_13753920/ <![CDATA[Media files - Live Company bolsters presence in Korea with launch of BRICKLIVE Lite ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/9939/live-company-bolsters-presence-in-korea-with-launch-of-bricklive-lite-9939.html Tue, 24 Jul 2018 12:03:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/9939/live-company-bolsters-presence-in-korea-with-launch-of-bricklive-lite-9939.html <![CDATA[News - Live Company to launch BRICKLIVE in Dominican Republic while bolstering brand in South Korea ]]> http://www.proactiveinvestors.co.uk/companies/news/201399/live-company-to-launch-bricklive-in-dominican-republic-while-bolstering-brand-in-south-korea-201399.html Live Company Group Plc (LON:LVCG) said it is launching its BRICKLIVE brand in the Dominican Republic, while also bolstering its presence in South Korea.

The AIM-listed media group said the expansion was in partnership with Latin-American company EXIM-Entertainment Division and would debut in Santo Domingo at a 2,000 square metre space in the Sambil Santo Domingo’s shopping mall in October.

READ: Live Company’s BRICKLIVE Animal Paradise show to go on three-year tour of China

The firm also said it had secured the first three locations for its BRICKLIVE Lite shows in South Korea following the concept’s announcement in June.

BRICKLIVE Lite is an extension to the existing brand that consists of temporary and smaller events and exhibitions, with the first three locations being the Jeju Lottee Hotel, the Busan Lotte Hotel, and a show at the Munwha Broadcasting Corporation in Daegu.

Live Company said the BRICKLIVE Lite shows were designed to tap into a new market, while also saying it would bolster its Korean market offering with two new permanent BRICKLIVE centres at the Hilton Hotel Gyeongju and at the Hanwha Resort Guoje Belvedere.

David Ciclitira, chief executive of Live Company, said the growing relationship with the company’s Korean partner, HiBrick, continued to be “fundamental to the growth of the business” and that the launch in the Dominican Republic was part of a focus to expand the presence of the company internationally.

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Tue, 24 Jul 2018 07:26:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/201399/live-company-to-launch-bricklive-in-dominican-republic-while-bolstering-brand-in-south-korea-201399.html
<![CDATA[RNS press release - BRICKLIVE - Korea and Dominican Republic ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180724070015_13728412/ Tue, 24 Jul 2018 07:00:15 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180724070015_13728412/ <![CDATA[Media files - Proactive Investors on location at BRICKLIVE Glasgow ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/9931/proactive-investors-on-location-at-bricklive-glasgow-9931.html Mon, 23 Jul 2018 13:42:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/9931/proactive-investors-on-location-at-bricklive-glasgow-9931.html <![CDATA[Media files - Live Company announces three-year China tour for BRICKLIVE Animal Paradise ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/9900/live-company-announces-three-year-china-tour-for-bricklive-animal-paradise-9900.html Thu, 19 Jul 2018 12:45:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/9900/live-company-announces-three-year-china-tour-for-bricklive-animal-paradise-9900.html <![CDATA[News - Live Company’s BRICKLIVE Animal Paradise show to go on three-year tour of China ]]> http://www.proactiveinvestors.co.uk/companies/news/201120/live-companys-bricklive-animal-paradise-show-to-go-on-three-year-tour-of-china-201120.html Live Company Group Plc’s (LON:LVCG) BRICKLIVE Animal Paradise show will begin a three-year, twenty-city tour of China next month.

The show, which is expected to attract a million visitors over the duration of the tour, will feature more than 60 animal models built from LEGO as well as an array of digital educational experiences.

The first stop will be the National Stadium in Beijing, otherwise known as the Bird’s Nest stadium which was used throughout the 2008 Olympics.

READ: Live Group announces launch of BRICKLIVE Christmas show in Monaco

“This tour represents the culmination of everything we have worked and aimed for,” said Live Company executive chairman David Ciclitira.

“Coupled with the launch of the new contract in Korea at the end of June, the BRICKLIVE Animal Paradise tour demonstrates that we have truly captured the world's attention with BRICKLIVE.

“To be pairing this presence with the pressing issue of protecting endangered species is immensely rewarding.”

Live Company’s wholly-owned subsidiary, Brick Live International, has struck a deal worth US$3.1mln with the firm’s 49%-owned Chinese joint venture, BLC, to sub-licence the show to Decheng Holding.

WATCH: Live Company CEO discusses BRICKLIVE China tour

In return, BLC will receive a guaranteed percentage of sponsorship and ticket revenue.

The initial contract is for twenty shows over three years until September 2021 although Decheng has an option to extend the agreement for another three years on the same terms.

Shares were down 1.7% to 71.3p in late afternoon trading.

--Adds video link and share price--

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Thu, 19 Jul 2018 08:09:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/201120/live-companys-bricklive-animal-paradise-show-to-go-on-three-year-tour-of-china-201120.html
<![CDATA[RNS press release - BRICKLIVE Animal Paradise - China tour ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180719070005_13723327/ Thu, 19 Jul 2018 07:00:05 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180719070005_13723327/ <![CDATA[News - Live Company sets furious pace as it builds Lego events business ]]> http://www.proactiveinvestors.co.uk/companies/news/200580/live-company-sets-furious-pace-as-it-builds-lego-events-business-200580.html Lego events promoter Live Company Group Plc (LON:LVCG) is moving at a ferocious pace.

From an almost standing start in 2016, the group is scheduled to run Bricklive banded shows at 60 venues this year in the UK, Europe, Japan, South Korea and Brazil.

WATCH: Live Company Group to launch BRICKLIVE Christmas show in Monaco

Bricklive branded centres have also opened in Korea, China and Guam, while there are Bricklive Kids cafes now in operation in Korea and China.

Another new initiative, Bricklive Touring meanwhile has just signed an agreement to stage Animal Paradise Lego shows in South Korea and Macau, with options over Japan, Taiwan and Hong Kong.

Animal Paradise is a themed show supporting endangered species and includes full-size models of an African elephant and a Mako shark.

As the roster of events illustrates, Asia is becoming an important part of Live Company’s business, but the US too is being looked at now as a potential growth opportunity and David Ciclitira says a global brand is the aim.

“Wherever you are there’s a Bricklive show,” he told Proactive.

Lots of activity

With all this activity, getting a handle on the numbers is not easy.

Last results were published in June for the 2017 financial year and showed revenues of £1.92mln and an operating loss of £391,000, but the company is much changed since then.

Ciclitira said: “The reality is those accounts are not really related to this particular company as we are now … they relate to the acquisition they don’t relate to the business we’re in now”.

The Touring shows for example represent a “significant increase on what the Bricklive brand has been to date.”

Japan alone might add “significant additional licence fees” of around US$500,000 annually, he estimates.

“The business is going to be profitable this year … we are investing in our sets, growth and the brand which is where the ultimate value of the company is going to come”.

Cliclitira said even he was a little surprised at what it had achieved so quickly.

It’s down to the kids visiting the shows, he said, and "a product they want to be involved with".

Shares in Live Company have risen to 53p from 30p at the end of 2017.

At that price, the company is valued at £28.5mln.

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Wed, 11 Jul 2018 10:27:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/200580/live-company-sets-furious-pace-as-it-builds-lego-events-business-200580.html
<![CDATA[Media files - Live Company Group to launch BRICKLIVE Christmas show in Monaco ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/9810/live-company-group-to-launch-bricklive-christmas-show-in-monaco-9810.html Tue, 10 Jul 2018 09:53:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/9810/live-company-group-to-launch-bricklive-christmas-show-in-monaco-9810.html <![CDATA[News - Live Company jumps as it announces launch of BRICKLIVE Christmas show in Monaco ]]> http://www.proactiveinvestors.co.uk/companies/news/200438/live-company-jumps-as-it-announces-launch-of-bricklive-christmas-show-in-monaco-200438.html Live Company Group Plc (LON:LVCG) shares jumped in early morning trading Tuesday after saying its BRICKLIVE Christmas show will launch in Monaco in December this year.

The AIM-listed media group said its subsidiary, Brick Live International Limited (BLI), had signed a licence agreement with Grimaldi Forum Monaco (GFM) to stage and promote the BRICKLIVE Christmas show at the Grimaldi Forum in the principality between 22 December 2018 and 6 January 2019.

The firm added that BLI would provide content on loan to GFM and would be entitled to 50% of the show’s profits after costs.

The show itself will showcase highlights from 2018’s BRICKLIVE shows, with activities including an interactive build zone, a dance zone, a Monaco build map, and brick pits in addition to several professionally constructed Animal Paradise LEGO statues alongside Christmas themed builds.

Live Company added that it had staged a pop-up at the Grimaldi forum on 9 July to announce the launch of the Christmas event and showcase five life-size LEGO models.

The launch follows a previous BRICKLIVE Christmas show that took place in 2017 at the Saatchi Gallery in London.

David Ciclitira, chairman of Live Company, said: "Following the success of BRICKLIVE Christmas in the Saatchi Gallery, we are delighted we are progressing with this event, particularly in Monaco.  This is a partnership with The Grimaldi Forum and we hope that this will become a tradition for Monaco for a number of years.  Over the Christmas and New Year period many come to Monaco from Cote D'Azur and Italy, so this is a key date and market for us and is a great opportunity."

Live Company shares were up 7.6% at 56p.

--Adds share price--

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Tue, 10 Jul 2018 07:36:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/200438/live-company-jumps-as-it-announces-launch-of-bricklive-christmas-show-in-monaco-200438.html
<![CDATA[RNS press release - Launch of BRICKLIVE Christmas in Monaco ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180710070003_13711293/ Tue, 10 Jul 2018 07:00:03 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180710070003_13711293/ <![CDATA[RNS press release - Replacement - Final Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180702132341_13701962/ Mon, 02 Jul 2018 13:23:41 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180702132341_13701962/ <![CDATA[RNS press release - BRICKLIVE event dates confirmed for July 2018 ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180702070007_13700604/ Mon, 02 Jul 2018 07:00:07 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180702070007_13700604/ <![CDATA[Media files - Live Company Group's David Ciclitira on profitability, dividends and deals ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/9725/live-company-group-s-david-ciclitira-on-profitability-dividends-and-deals-9725.html Thu, 28 Jun 2018 10:10:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/9725/live-company-group-s-david-ciclitira-on-profitability-dividends-and-deals-9725.html <![CDATA[News - Live Company Group subsidiary secures licence agreement following year of expansion ]]> http://www.proactiveinvestors.co.uk/companies/news/199758/live-company-group-subsidiary-secures-licence-agreement-following-year-of-expansion-199758.html Live Company Group PLC (LON:LVCG) said its subsidiary, Bricklive Touring Limited, has signed a show licence agreement with Oracle Projects International Co. Limited and Live Digital, Inc. Limited to stage and promote its BRICKLIVE Animal Paradise shows.

The AIM-listed media group said the agreement would initially cover shows in South Korea and Macau, but had options for Japan, Taiwan, and Hong Kong with additional licence fees.

WATCH: Live Company Group's David Ciclitira on profitability, dividends and deals

The company said the agreement is for an initial three-year term and may be extended for a further three years. Under the agreement, Bricklive Touring Limited would provide content on loan for the BRICKLIVE Animal Paradise shows in return for the payment of content and license fees totalling US$2.05mln for the initial three-year term.

The first location under the agreement will be the Busan International Film Festival, which will consist of a precursor to the BRICKLIVE Animal Paradise running from July 2018 to November 2018, and an experiential BRICKLIVE, featuring LEGO wizard and Knight Models, to run until February 2019.

David Ciclitira, executive chairman of Live Company, said the new shows represented a “significant increase on what the BRICKLIVE brand has been to date”, adding that Oracle and Live Digital “really want the option to extend [the options in the agreement] and are very excited about the other markets in the contract” which have the potential to generate “significant additional licence fees” of around US$500,000 annually in Japan alone.

In a separate announcement, the group also unveiled its full-year results, in which it reported an operating loss of £391,000 compared to a £60,000 profit last year, mainly due to exceptional costs and write-downs relating to the reverse acquisition of Brick Live Group in December 2017.

Revenue for the group was reported at £1.92mln, up from £1.73mln the year before, although the company said this had been flattered by the inclusion of around £1.1mln of 2016 revenue derived from the sale of a 50% interest in Brick Live Far East Ltd.

Ciclitira said: “The reality is those accounts are not really related to this particular company as we are now … they relate to the acquisition they don’t relate to the business we’re in now”.

He added: “The business is going to be profitable this year … we are investing in our sets, growth and the brand which is where the ultimate value of the company is going to come”.

-- Adds chief executive comments --

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Thu, 28 Jun 2018 08:16:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/199758/live-company-group-subsidiary-secures-licence-agreement-following-year-of-expansion-199758.html
<![CDATA[RNS press release - Final Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180628070202_13696669/ Thu, 28 Jun 2018 07:02:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180628070202_13696669/ <![CDATA[RNS press release - BRICKLIVE Animal Paradise Contract ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180628070010_13696615/ Thu, 28 Jun 2018 07:00:10 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180628070010_13696615/ <![CDATA[RNS press release - Notice of Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180622070005_13689611/ Fri, 22 Jun 2018 07:00:05 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180622070005_13689611/ <![CDATA[Media files - Live Company Group renews and extends contract in South Korea ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/9596/live-company-group-renews-and-extends-contract-in-south-korea-9596.html Fri, 15 Jun 2018 14:22:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/9596/live-company-group-renews-and-extends-contract-in-south-korea-9596.html <![CDATA[News - Live Company extends South Korean BRICKLIVE contract ]]> http://www.proactiveinvestors.co.uk/companies/news/198916/live-company-extends-south-korean-bricklive-contract-198916.html Live Company Group Plc (LON:LVCG) said its subsidiary, Brick Live International Limited (BLI), has entered into a new licence and content lease with two South Korean companies.

The AIM-listed media group said the agreement with HiBrick Limited and Brick Live World Limited (BLW), extended contractual arrangements between BLI and the two organisations ensuring event output in South Korea until 31 December 2022.

WATCH: Live Company Group renews and extends contract in South Korea

Under the terms of the new agreement, HiBrick will retain exclusivity in South Korea provided a minimum number of BRICKLIVE centres (permanent) and BRICKLIVE Lite shows (temporary) are opened or staged each calendar year.

Live Company added that the new agreement waivers the previous exclusivity of other BRICKLIVE brand extensions within South Korea. 

The agreement also allows Hi Brick and BLI to work together to sublicense the brand, seeking additional partners to promote BRICKLIVE centres and BRICKLIVE Lite shows in the territory.

Both HiBrick and BLW are controlled by Reon Kim, a substantial shareholder in Live Company in relation to certain BRICKLIVE events in South Korea.

David Ciclitira, executive chairman of Live Company, said: "Our relationship with our partner in Korea has been fundamental to the growth of the business. HiBrick's investment in the business has led to Mr Kim becoming the second largest shareholder in LVCG and so we are delighted that we are announcing an extension of his agreement.

He added: “HiBrick has also been fundamental to developing the educational elements of Bricklive in Asia which is expected to further evolve later this year through a new BL Group subsidiary called Bricklive Education.”

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Fri, 15 Jun 2018 07:21:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/198916/live-company-extends-south-korean-bricklive-contract-198916.html
<![CDATA[RNS press release - Renewal of Soth Korea contract ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180615070002_13680738/ Fri, 15 Jun 2018 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180615070002_13680738/ <![CDATA[News - Live Company Group launches BRICKLIVE ASEAN tour in Jakarta ]]> http://www.proactiveinvestors.co.uk/companies/news/198417/live-company-group-launches-bricklive-asean-tour-in-jakarta-198417.html Live Company Group Plc (LON:LVCG) has launched its BRICKLIVE ASEAN tour in Jakarta, Indonesia, which will run across ten days from June 7.

The AIM-listed media group said the event was being run in partnership with Thai entertainment conglomerate, BEC-Tero Entertainment Public Company Limited, with event sponsorship from online retailer Tokopedia.

WATCH: Live Company sees "huge potential" for BRICKLIVE Kids in China

The company added that Tokopedia were using virtual reality to engage audiences using VR technology in the PIK Avenue mall. where the event is based, with LEGO-themed stands.

Additional sponsorship for the event came from CIMB Niaga, who have a digital lounge in the shopping centre featuring BRICKLIVE promotional content as well as promoting the shows across various channels.

Live Company said there were 12 other media partners for the shows including 90.4 Cosmopolitan FM, GOTOMALLS.com and merdeka.com.

The event showcases the launch of four newly commissioned LEGO models that represent locations of the ASEAN Tour: a Tuk Tuk (Bangkok), National Monument (Indonesia), Petronas Towers (Malaysia), and Merlion (Singapore).

In Jakarta, the event will occupy two floors of the PIK Avenue mall, with the first floor featuring a stage bearing the red and yellow BRICKLIVE colours, where dance competitions and other interactive activities will be hosted for the duration of the show.

The second floor of the event will host a LEGO retail shop in addition to several other BRICKLIVE features.

David Ciclitira, executive chairman of Live Company, said: "To begin the ASEAN tour with such a strong ten-day show in the prestigious PIK Avenue demonstrates our belief in BRICKLIVE and our ambitions for the brand.

He added: “The event incorporates such an impressive variety of attractions, from dancing to VR, adding to the universal appeal of the BRICKLIVE offering. That we have been able to secure specially commissioned models as teasers of the ASEAN Tour locations to come is particularly exciting and we cannot wait to take the show around the region."

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Thu, 07 Jun 2018 07:18:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/198417/live-company-group-launches-bricklive-asean-tour-in-jakarta-198417.html
<![CDATA[RNS press release - Notice of Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180607070009_13670207/ Thu, 07 Jun 2018 07:00:09 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180607070009_13670207/ <![CDATA[Media files - Live Company sees "huge potential" for BRICKLIVE Kids in China ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/9402/live-company-sees-huge-potential-for-bricklive-kids-in-china-9402.html Wed, 30 May 2018 12:51:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/9402/live-company-sees-huge-potential-for-bricklive-kids-in-china-9402.html <![CDATA[News - Live Company Group launches BRICKLIVE Kids in China ]]> http://www.proactiveinvestors.co.uk/companies/news/197890/live-company-group-launches-bricklive-kids-in-china-197890.html Live Company Group Plc (LON:LVCG) has launched its BRICKLIVE Kids childcare crèche in China in the latest expansion of its BRICKLIVE brand.

The AIM-listed media company said the first BRICKLIVE Kids in the country would launch at the end of 2018 at the New Yan Sha mall in Beijing after a five-year non-exclusive contract was signed by Bricklive Centre Education Technology (Beijing) Co. Ltd, Bricklive Group's joint venture partners in China, with Zhuang Xiang Education Consultant (Beijing) Company Ltd.

WATCH: Live Company sees "huge potential" for BRICKLIVE Kids in China

Live company said its BRICKLIVE Kids would be a permanent childcare crèche where children can use BRICKLIVE's brick pits under full-time supervision whilst parents shop.

The firm added that it had plans to launch five additional BRICKLIVE Kids locations over the next five years.

BRICKLIVE Kids further embeds the group into the Chinese market, and follows the opening of its second permanent BRICKLIVE centre in the country at the start of April.

David Ciclitira, executive chairman of Live Company Group, said: "The BRICKLIVE brand continues to prove its versatility and BRICKLIVE centres now feature in cities around the world in venues ranging from ski resorts to shopping malls.

He added: “LEGO bricks are used throughout Chinese educational practices and so to be able to tap into the awareness of how it can help children is a prospect we relish and one we are sure will be a huge success."

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Wed, 30 May 2018 07:36:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/197890/live-company-group-launches-bricklive-kids-in-china-197890.html
<![CDATA[RNS press release - Launch of BRICKLIVE Kids in China ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180530070010_13658974/ Wed, 30 May 2018 07:00:10 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180530070010_13658974/ <![CDATA[Media files - Live Company Group sees "substantial" growth of BRICKLIVE brand ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/9350/live-company-group-sees-substantial-growth-of-bricklive-brand-9350.html Tue, 22 May 2018 13:14:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/9350/live-company-group-sees-substantial-growth-of-bricklive-brand-9350.html <![CDATA[News - Live Company opens BRICKLIVE show in Buenos Aires ]]> http://www.proactiveinvestors.co.uk/companies/news/197355/live-company-opens-bricklive-show-in-buenos-aires-197355.html Live Company Group Plc (LON:LVCG) has announced the arrival of its BRICKLIVE content in Buenos Aires with a show that opened on May 19 and 20.

The AIM-listed media company said the show features popular BRICKLIVE content including LEGO Safari animals, brick pits including Duplo and Soft Play, racetracks, the ever-popular graffiti wall and a host of build zones made up of LEGO themes including Star Wars, Minecraft, Friends, City and Architecture bricks.

READ: Live Company to launch BRICKLIVE Kids’ Café in Seoul

The group added that the show, which takes place at the La Rural Exhibition Centre, would run for a further 3 days over the weekend of May 25-27.

Live Company also said that BRICKLIVE’s licensed partner for Argentina, EXIM ENT, had attracted new sponsors for the Buenos Aires show including Banco Macro, one of the largest banks in Argentina.

EXIM ENT is BRICKLIVE's licensed partner for countries in Latin America, including Argentina, Uruguay and Mexico, operating on a licence fee and working closely with the regional and international Brick Live Group team.

WATCH: Live Company Group sees "substantial" growth of BRICKLIVE brand

David Ciclitira, executive chairman of Live Company Group, said: "Watching BRICKLIVE events grow and thrive around the world is unbelievably exciting. Following their first show at the end of last year in Campinas, we are excited to now be building a presence in Argentina which demonstrates the universal appeal of the BRICKLIVE offering.

He added: “The Buenos Aires event is a perfect example of just how diverse a BRICKLIVE event can be. There is something for animal lovers, Star Wars fans, AFOLs and children. BRICKLIVE events have the potential to appeal to a variety of demographics and the Buenos Aires show is proof of this."

In early morning trading Monday, Live Company shares were up 1.8% at 41.2p.

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Mon, 21 May 2018 08:32:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/197355/live-company-opens-bricklive-show-in-buenos-aires-197355.html
<![CDATA[RNS press release - BRICKLIVE opens in Argentina ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180521080001_13648293/ Mon, 21 May 2018 08:00:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180521080001_13648293/ <![CDATA[News - Live Company to launch BRICKLIVE Kids’ Café in Seoul ]]> http://www.proactiveinvestors.co.uk/companies/news/197255/live-company-to-launch-bricklive-kids-caf-in-seoul-197255.html Live Company Group Plc (LON:LVCG) said its BRICKLIVE Kids Café will launch next month at the Dongdaemun Design Plaza in Seoul, South Korea.

The AIM-listed media company said the café would be a permanent venue featuring LEGO animals such as a leopard, a lion cub, two macaws and the fan-favourite Feed the Frog game. 

READ: Live Company launches permanent hotel fixture BRICKLIVE Kids’ Club in Guam

As well as the models, the café will also feature BRICKLIVE's top attractions, including a brick pit, an interactive graffiti wall and racetracks.

The Design Plaza is located in the Dongdaemun district of Seoul and is South Korea’s largest fashion district and a popular tourist destination.

The group added that it was also working with Hino, a food celebrity in the country who is well known for designing, creating and launching brands and restaurants around Korea and the far east.

David Ciclitira, executive chairman at Live Company, said: "Having signed the contract for the launch of 100 Kids' Cafés by 2022 across China, we are delighted to launch the first BRICKLIVE Kids' Café in Korea, marking a new license strand for the Brick Live Group.

He added: “As Korea's presence on the global stage grows, we are excited to be working with Hino at launch to help amplify the BRICKLIVE brand among new audiences and current fans. To be able to help the BRICKLIVE brand grow with a permanent presence in the spectacular DDP is an opportunity we are looking forward to seeing develop."

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Fri, 18 May 2018 07:38:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/197255/live-company-to-launch-bricklive-kids-caf-in-seoul-197255.html
<![CDATA[RNS press release - Launch of BRICKLIVE Kids' Cafe ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180518070005_13646136/ Fri, 18 May 2018 07:00:05 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180518070005_13646136/ <![CDATA[News - Live Company launches permanent hotel fixture BRICKLIVE Kids’ Club in Guam ]]> http://www.proactiveinvestors.co.uk/companies/news/196310/live-company-launches-permanent-hotel-fixture-bricklive-kids-club-in-guam-196310.html Live Company Group Plc (LON:LVCG) has launched a permanent hotel fixture BRICKLIVE Kid’s Club in The Westin Chosun Haevichi Resort in Guam, having signed a three-year contract with South Korea’s Haevichi Hospitality Guam Inc.

The AIM-listed firm said the BRICKLIVE Kids’ Club creates a colourful 100 square metre play zone with 18,000 bricks with a brick wall, graffiti wall, race track zone and Build Zones featuring LEGO Friends and City Bricks.

READ: Live Company raises £350,000 from existing institutional investor to support new touring exhibitions arm

The group said the concept is a mini version of the two larger BRICKLIVE Centres already located in shopping centres in Seoul and builds on the success of Brick Live’s first hotel-based BRICKLIVE pop-up created in the Ananti Cove Hotel in Busan last August.

Live Company added that it expects this deal to be the first of additional signings over the course of 2018, as it looks to roll out BRICKLIVE Kids’ Club with additional partners throughout the Far East.

David Ciclitira, executive chairman at Live Company, said "we are very excited to extend mini BRICKLIVE hubs into hospitality spaces to make BRICKLIVE even more accessible.”

He added:” I am personally passionate about providing a learning environment where children can experience that there is no limit to their creativity – so launching a club specially for kids, with the opportunity too scale via our network, felt like a natural step.”

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Thu, 03 May 2018 07:33:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/196310/live-company-launches-permanent-hotel-fixture-bricklive-kids-club-in-guam-196310.html
<![CDATA[RNS press release - Launch of BRICKLIVE Kids? Club ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180503070004_13628132/ Thu, 03 May 2018 07:00:04 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180503070004_13628132/ <![CDATA[Media files - Live Company Group launches BRICKLIVE Touring ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/9064/live-company-group-launches-bricklive-touring-9064.html Fri, 13 Apr 2018 13:23:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/9064/live-company-group-launches-bricklive-touring-9064.html <![CDATA[News - Live Company raises £350,000 from existing institutional investor to support new touring exhibitions arm ]]> http://www.proactiveinvestors.co.uk/companies/news/194916/live-company-raises-350000-from-existing-institutional-investor-to-support-new-touring-exhibitions-arm-194916.html Lego-based events organiser Live Company Group Plc (LON:LVCG) is to take its themed shows on the road after setting up a new division, BRICKLIVE Touring.

Kicking things off is an exhibition called BRICKLIVE Animal Paradise, which is designed to educate the LEGO fan community about endangered species and will feature more than 65 LEGO animals, including a full-size African elephant and a snow leopard.

WATCH: Live Company Group launches BRICKLIVE Touring

No specific partnerships or locations have been announced yet, but Live said it will update investors in due course.

Asian markets the initial focus

To help support the new division, Live is raising £350,000 through a private placing with an existing institutional investor.

Live is selling 1mln shares at 35p apiece – marginally below Thursday’s closing price of 35.5p.

“This is an incredibly exciting opportunity for BRICKLIVE, which we are looking to launch and expand within our Asian markets initially,” said executive chairman David Ciclitira.

“We believe that the creation of these species in LEGO bricks, together with a tailored educational programme, will be an incredibly powerful way to raise awareness of the vital need to protect endangered species, among both parents and children, while also providing a unique platform to further strengthen and grow the BRICKLIVE brand around the world.”

On a separate note, the AIM-listed company confirmed it will publish its full-year results for the 12 months ended December 31 2017 next month (May).

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Fri, 13 Apr 2018 07:29:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/194916/live-company-raises-350000-from-existing-institutional-investor-to-support-new-touring-exhibitions-arm-194916.html
<![CDATA[RNS press release - Launch of BRICKLIVE Touring and Placing ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180413070002_13603068/ Fri, 13 Apr 2018 07:00:02 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180413070002_13603068/ <![CDATA[Media files - Live Company Group ‘run off its feet with interest’ and new launches ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/9012/live-company-group-run-off-its-feet-with-interest-and-new-launches-9012.html Mon, 09 Apr 2018 12:35:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/9012/live-company-group-run-off-its-feet-with-interest-and-new-launches-9012.html <![CDATA[News - Live Company Group makes further inroads into China ]]> http://www.proactiveinvestors.co.uk/companies/news/194321/live-company-group-makes-further-inroads-into-china-194321.html Live Company Group Plc (LON:LVCG) said a second permanent BRICKLIVE centre, based around fun with LEGO bricks, is to open in China.

Brick Live Centre Education Development (Beijing) Limited, a joint venture of which Live Company (LVCG) is a member, has agreed to open a BRICKLIVE centre in Shanghai in the autumn of this year.

WATCH: Live Company Group ‘run of its feet with interest’ and new launches

The first BRICKLIVE centre in China is scheduled to open next month in the ski resort of Fulong Chongli.

Having signed up two partners in China this year LVCG said it is planning to unveil up to three more later this year and then five more each year thereafter.

LVCG also revealed it has secured a five-year licensing deal with Cross Media Group of Seoul, South Korea, for the exclusive right to open and operate BRICKLIVE branded kids cafes in China.

Under the agreement, a minimum of five cafes will be launched in 2018, rising to 30 by the end of 2019 and 100 by the end of 2022.

Meanwhile, following LVCG’s successful show in New York in February of this year, the company has decided to launch the BRICKLIVE brand across the US and to discontinue the LEGO LIVE brand.

"BRICKLIVE is a global brand with an already firm foothold in 17 countries, so we are very excited to extend our reach further into the Far East with two permanent centres in China. A hugely important market for us, we're looking forward to further building our presence there via exhibitions and shows as well as BRICKLIVE events in coming years," said David Ciclitira, LVCG’s executive chairman.

Shares in LVCG rose 2.7% in the first hour of trading on Thursday.

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Thu, 05 Apr 2018 09:17:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/194321/live-company-group-makes-further-inroads-into-china-194321.html
<![CDATA[RNS press release - Company update ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180405074501_13592707/ Thu, 05 Apr 2018 07:45:01 +0100 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180405074501_13592707/ <![CDATA[Media files - Live Company exceeds events expectations one brick at a time ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8595/live-company-exceeds-events-expectations-one-brick-at-a-time-8595.html Wed, 10 Jan 2018 08:27:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8595/live-company-exceeds-events-expectations-one-brick-at-a-time-8595.html <![CDATA[News - Live Company Group surges after it signs deal in Brazil ]]> http://www.proactiveinvestors.co.uk/companies/news/189647/live-company-group-surges-after-it-signs-deal-in-brazil-189647.html Live Company Group Plc (LON:LVCG), the Lego bricks events organiser, has entered into a six-year contract relating to BRICKLIVE events in Brazil.

The contract is with Universal Entretenimento e Produções (UEP) and will see UEP organise, promote and stage each BRICKLIVE event, while Live Company subsidiary Bricklive International (BLI) will source and provide content for the events.

Licence fees

BLI will receive licence fees with the potential for further revenues through merchandising and additional content income.

Shares in Live Company shot up, despite the company revealing it had raised £1.6mln through a placing of shares at 35p a pop.

The funds raised will support BRICKLIVE’S increased network in South America and Asia.

"To start 2018 with such a significant increase in contracted events speaks volumes for the success of the BRICKLIVE brand. Having had such a successful start to the year, I look forward to continued growth in 2018, especially in our expanded emerging markets. We are delighted to welcome our new institutional and other investors to the register, including Miton Group PLC," said David Ciclitira, the executive chairman of Live Company.

READ: Live Company building​ on the popularity of a children's favourite

Speaking to Proactive Investors, Ciclitira said the company could theoretically have raised more money, such was the enthusiasm of the institutions, “but we don’t need the extra money at the moment”.

“Our broker, Shard Capital, thinks it might be because the business is a lot easier to understand than the usual stream of miners and biotechs that are looking for backing from fund managers,” he quipped.

Ciclitira identified China as a key market for Live Company, but in all probability, there is hardly a region in the world where the idea of Lego shows is not going to be a goer.

“It’s a universal concept,” the executive chairman said.

Questioned about the barriers to the entry, Ciclitira said running these sorts of shows might look easy, but it is essential to have the creativity, the relationship with Lego and the right team of people.

“It’s about having the partnerships, and having those partnerships at every level,” he said.

For a relatively new company, the BRICKLIVE brand has already made an impact on the primary audience: the kids (although he also mentioned the existence of AFOLs – adult friends of Lego).

“I had some feedback from kids in Switzerland, and the kids remembered the BRICKLIVE brand. It’s incredible.”  

 

Shares in Live Company were up 17.4% to 49.9p towards the end of trading on Monday.

--- adds management comment and share price ---

 

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Mon, 08 Jan 2018 15:42:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189647/live-company-group-surges-after-it-signs-deal-in-brazil-189647.html
<![CDATA[RNS press release - BRICKLIVE Brazil contract and Placing ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180108070003_13487667/ Mon, 08 Jan 2018 07:00:03 +0000 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20180108070003_13487667/ <![CDATA[RNS press release - Completion of Acquisitions and re-Admission to AIM ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20171227080001_13477295/ Wed, 27 Dec 2017 08:00:01 +0000 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20171227080001_13477295/ <![CDATA[RNS press release - Result of Meeting ]]> http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20171222125434_13476431/ Fri, 22 Dec 2017 12:54:34 +0000 http://www.proactiveinvestors.co.uk/companies/rns/751/LSE20171222125434_13476431/ <![CDATA[News - Live Company building on the popularity of a children's favourite ]]> http://www.proactiveinvestors.co.uk/companies/news/189017/live-company-building-on-the-popularity-of-a-children-s-favourite-189017.html Apparently, every person in the UK at some point in their lives will hold or touch a Lego brick.

Imagine that scenario in all of the countries in Asia, especially China and Japan, and it’s easy to appreciate why David Ciclitira is excited about a reshaped and rejuvenated Parallel Media Group PLC (LON:PAA).

WATCH: Parallel Media Group PLC to use Bricklive to build Lego events brand

Two recent acquisitions, Brick Live and Parallel Live Media, have refocused the AIM-listed firm into an organiser of fan-based events based around a Lego theme.

And if Parallel Media has undergone a rejuvenation, so has Ciclitira, who was evangelical in his belief in both Lego and the potential to expand the number of shows, when he talked to Proactive.

This can work

A 25-year veteran of golf and music promotions across Asia, the 60-year old described an almost damascene conversion to the plastic bricks when he attended a show staged by Brick Live at the NEC in Birmingham in November 2016.

“I was absolutely gobsmacked by what a great experience it was,” he said.

“Kids have never seen so much Lego. There is not an instruction book anywhere, they just build and create.

“The Lego pieces are the cement of the show, which was all about children enjoying themselves.

“It was at that point I thought this can be really interesting and work.”

This year Brick Live and Parallel Media Live, a separate company that puts on shows in the US, staged 17 shows.

The aim is for 30 in 2018, though Ciclitira is confident it can do more.

Ultimately his aim is to be running 100 shows by 2020 and a big name has been brought on board to help get to this target.

High profile management

Andrew Smith took over in November as managing director of Bricklive.com. He came from Multiplay, a part of Game Digital, where he had established Insomnia as the UK’s largest gaming event.

He also ran Minecon, the largest gaming event in the world and themed around Minecraft, the hugely successfully building game.

The logical thinking required in Minecraft has children hooked all over the world with more than 50mln versions of the game sold so far.

This link with Minecraft is also important to Brick Live, where a successful part of the events it stages is the Minecraft area, which combines education with Lego.

Countries such as Korea are already including computer coding into their school curriculums and Ciclitira sees the Minecraft link as a novel way to tap into this.

Lego intrigued

Indeed, Lego themselves are reportedly intrigued by what Brick Live is doing with Minecraft and the possibilities it might open up in Asia, he says.

Brick Live has no formal relationship with Lego, though US company Parallel Media Live does have a licence.

Ciclitira says the two companies have a good relationship and it even has a compliance officer to make sure nothing it does will upset the brand owner.

The relationship is more of collaboration and mutual benefit, he says something that will be important in Asia, where it has good knowledge and experience.

Brick Live and Parallel Media’s business model is to work with partners that are licensed to organise and stage an event in a particular demographic region.

Income comes from licence fees, revenue sharing and merchandising.

Licences are granted for four to five years, contain strict non-compete clauses and specify what content is to be provided.

Visitors pay an entrance fee. In the UK it is £20 standard or £35 VIP, from which there is a sharing percentage of up to 10%.

All merchandising rights are retained by Parallel Media.

Visitor numbers are impressive. Some 36,000 people attended a show in Basel and 25,000 and 20,000 respectively in recent shows in Naples and Brussels.

A permanent exhibition is also being established in Beijing in a ski resort ahead of the Winter Olympics in 2022.

Sales at the shows are also eye-catching. Toys‘R’Us, which partnered the NEC event in November 2016, shifted over 1mln units of Lego in four days with an average spend of £260.

Complex series of deals

Ciclitira will end up with 56% of the company once all of the transactions go through.

That will include loans made by him to Parallel Media and also his existing interest in Brick Live and Parallel Media Live.

A placing at 30p will raise a further £1.26mln to provide working capital.

Given the fees and costs involved in bringing the three companies together, it might take a while for the stated numbers easily to reflect how the business is trading.

Brick Live though posted interim revenues of £1.07mln to June to follow £1.74mln in the year to December 2016.

Ciclitira says the key is building a network of shows.

A name change to Live Company Group will herald the start of the new phase for the group and Ciclitira is confident.

“I’ve spent most of my life in events and the thing about this is it sells itself. It really is an extraordinary product.”

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Tue, 19 Dec 2017 11:39:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189017/live-company-building-on-the-popularity-of-a-children-s-favourite-189017.html
<![CDATA[Media files - Parallel Media Group PLC to use Bricklive to build Lego events brand ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/8527/parallel-media-group-plc-to-use-bricklive-to-build-lego-events-brand-8527.html Tue, 12 Dec 2017 14:05:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8527/parallel-media-group-plc-to-use-bricklive-to-build-lego-events-brand-8527.html