Mondo TV Revenues Up 250%

Italian animation studio Mondo TV released second-quarter revenue reports, which were up 250% to 6.7 billion lire (US$2.94 million). This report is the first since going public on the Milan stock exchange in June. In the quarter, Mondo TV's gross operating margin inflated 484% to 5.3 billion lire ($2.32 million). The big gains are attributed to the firm's increasing presence in Asia and its new co-production deal with Seoul-based Hahn Shin Corporation. Mondo TV is the owner of Italy's largest library of domestic and imported television cartoons.

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