Mondo TV is a global media group focused on the production, acquisition and exploitation of animated children’s television series. It owns the rights to >1,600 TV episodes and films, which it distributes across 75 markets. 83% of revenues are generated in Asia, with the remainder from Europe and South America.
Mondo TV looks to have closed FY19 strongly, with the indicated consolidated production value of €25.5m ahead of the business plan target of €24.5m. The EBITDA figure of €15.0m is also ahead of business plan, which projected €14.3m for the year. The flow of new content and licensing agreements has carried on through Q4 and into the early weeks of FY20 across a good range of properties, including new titles in the German JV with Toon2Tango. MeteoHeroes is delivering new licensing deals with strong potential, leveraging heightened interest in climate change. Giuliana Bertozzi (the widow of Mondo’s founder, Orlando Corradi) now holds over 20% of the equity.
2019’s Mipcom was dominated by the disruption from new streaming platforms (Disney+, Apple TV+, HBO, NBCUniversal etc), which is driving competition for quality content. Much of the interest, though, was from new AVOD platforms. Children’s content is valued to attract household subscriptions and traditional broadcasters have been less open to commission new series for some time. Licensing and merchandising markets have been lacklustre in recent months, on poorer economic conditions and the impact of (and threat of further) US-Chinese trade sanctions also weighing on advertising revenues.