Exclusive: Sony Pictures Television producer Electric Ray has turned a profit for the first time since launching in 2014.
The company, which made BBC Two’s My Million Pound Menu and soccer series Class of ’92: Out of Their League, posted a pre-tax profit of £74,000 in the 12 months to March 2019.
According to the earnings, filed with the UK’s Companies House, the profit was a considerable improvement on the loss of £570,000 Electric Ray reported in the year to March 2018.
The indie’s revenue stood at £6.3M in 2019, which was up 43% on the £4.4M it generated in the previous year. Some £5.5M of the revenue was made in the UK, where the company is run by managing director Meredith Chambers.
The earnings showed that Electric Ray employed seven people over the year, while the highest-paid director — likely to be Chambers — took home a salary of £160,000.
Electric Ray is currently making BBC job-swapping series Call That Hard Work,...
The company, which made BBC Two’s My Million Pound Menu and soccer series Class of ’92: Out of Their League, posted a pre-tax profit of £74,000 in the 12 months to March 2019.
According to the earnings, filed with the UK’s Companies House, the profit was a considerable improvement on the loss of £570,000 Electric Ray reported in the year to March 2018.
The indie’s revenue stood at £6.3M in 2019, which was up 43% on the £4.4M it generated in the previous year. Some £5.5M of the revenue was made in the UK, where the company is run by managing director Meredith Chambers.
The earnings showed that Electric Ray employed seven people over the year, while the highest-paid director — likely to be Chambers — took home a salary of £160,000.
Electric Ray is currently making BBC job-swapping series Call That Hard Work,...
- 1/6/2020
- by Jake Kanter
- Deadline Film + TV
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.