Investment in Welsh classical music agency (8370J)

TIDMBOOM

RNS Number : 8370J

Boomerang Plus PLC

06 July 2011

Boomerang Plus plc

('Boomerang Plus' or 'the Company')

Investment in Welsh classical music agency

Boomerang Plus plc (AIM: BOOM), a profitable media investment group, is pleased to announce a joint investment into Harlequin Agency ("Harlequin"), Wales's foremost classical music agency, alongside its highest profile artist, Bryn Terfel.

Harlequin will complement Boomerang's existing agency, Boom Talent, widening the scope of the new venture to include actors and presenters alongside classical singers, accompanists, conductors and West-End stars. The new Joint Venture will be 50% owned by Boomerang and 50% by Bryn Terfel.

Harlequin Agency was established in Cardiff in 1986 by its Managing Director, Doreen O'Neill, whose main aim was to nurture young talent in Wales. It currently represents more than twenty-five artists including the world's finest bass baritone, Bryn Terfel, international tenor, Gwyn Hughes Jones, singer, presenter and actress, Shan Cothi, The Three Welsh Tenors, mezzo-soprano, Leah-Marian Jones, and West-End Star, John Owen-Jones.

The investment will enable Harlequin to continue to build on its many achievements with growth supported by Boomerang's interests in television, radio, events and advertiser funded content.

Bryn Terfel referred to Harlequin's role in managing his career since he was a student at the Guildhall School of Music and Drama in London: "I started my career at virtually the same time as Doreen O'Neill started her agency and I feel that we have climbed the ladder together. I now have the opportunity to become involved in helping Harlequin grow, especially with the development of young up and coming talent."

Huw Eurig Davies, Chief Executive Officer of Boomerang Plus, said: "We recognised that there were synergies between Harlequin and Boom Talent. All of us share a passion and belief which, together with our investment, will enable Harlequin to achieve growth in the future."

Contacts:

 
 Boomerang Plus plc                               Tel : 029 2055 0550 
 Huw Eurig Davies, Chief Executive 
  Officer 
 Mark Fenwick, Finance Director 
 
 finnCap Limited                                   Tel: 020 7600 1658 
 Geoff Nash/Charlotte Stranner 
 Simon Starr/Victoria Bates (broking) 
 
 Walbrook PR Ltd                             Tel: +44 (0)20 7933 8780 
 Paul McManus                             paul.mcmanus@walbrookpr.com 
 Paul Cornelius                         paul.cornelius@walbrookpr.com

About Boomerang Plus plc (www.boomerang.co.uk)

Boomerang Plus plc has strategic investments in a number of media businesses including production companies Alfresco, Apollo, Boomerang, Bulb, Fflic and Indus; Facilities companies Mwnci and Zoom; multi-media publisher Boom Extreme Publishing; talent company Boom Talent; Event company Big Freeze Limited, and Education and corporate production business Media4.

Boomerang Plus's strategy is to continue to acquire and invest in and develop media companies that complement the Group's existing businesses, whilst also achieving strong organic growth.

This information is provided by RNS

The company news service from the London Stock Exchange

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