We have recently signed the acquisition of a significant stake in the British distributor, Cake Entertainment. In the photo, I am signing the deal, along with current Cake partners, Tom Van Waveren and Edward Galton, with whom we will share this new business adventure.
This is an extraordinary opportunity for Zinkia, which allow us to collaborate directly with this company and its magnificent team of professionals working to distribute children’s television programs internationally. Cake’s strategic vision and their capacity to get ahead of the business’s trends, which they have been demonstrating for years, are especially outstanding.
The company was awarded “Best Distributor of the Year” at the 2009 Kidscreen Awards, and through the content they distribute, Cake has a presence in the markets of five continents.
I believe this deal will result in a mutually beneficial collaboration,adding value for the shareholders of both companies.
In addition to the opportunity that this offers us to distribute our own content across the best broadcasting platforms, it will also give Zinkia the opportunity to tap into new creative talent throughout those markets, which is essential to our business.
Zinkia and Cake will collaborate in such a way so that together we may lend our services in many other areas, from the digital sphere to the interactive and the licensing spheres.
When we were given the opportunity to become stakeholders in this company, we did not doubt it for a moment. We hope, as I have said, that now our plans will become reality.