Film firm finds new funding for foray into internet television programming

Oct 28 2009 by Andrew Mernin, The Journal

FILM production firm Dene Group has secured a new £600,000 financial facility as it prepares to expand on the back of the internet TV revolution.

The Newcastle company will use the funding to continue the growth of its fledgling division, which focuses on IPTV – programming transmitted via broadband on the web or direct to a television set.

The business is looking to invest in the staff and technology it needs to cash in on the impending global surge in demand for online programming.

It is also considering opening a satellite office in Manchester ahead of the BBC’s plans to move several departments out of London to Salford by 2011.

Meanwhile, managing director Steve Salam has hinted that the next six months could see the company move to a larger premises in Newcastle to facilitate its growth.

The last 12 months have seen Dene enjoy a period of strong growth as it added animation company Qurios – formerly of Hartlepool – and digital agency Moko to its stable.