LONDON (SHARECAST) - Papa Entertainment, a company focused on the entertainment, music and media industries, has started its life as a public company on the PLUS market.
The group's first acquisition was Mission Entertainment Group, which it bought on July 24th. Payment was through the issue of Papa Entertainment shares.
The Mission Group is a group of music production and publishing companies with studio and office facilities in Kingston-Upon-Thames, South West London. Its Chief Executive Officer (CEO) - and now CEO of Papa Entertainment - is Harry Cowell, who has worked in the studio with major recording stars such as The Manic Street Preachers, My Bloody Valentine and The Damned.
The company's business consists of the delivery of music to the listener, incorporating writing, recording, marketing and distribution, label management and production.
It is the intention of Papa's board to develop the group's business organically, although acquisition of other companies or businesses will be considered if the directors consider that such acquisitions would be in the best interests of the group.