December 08, 2003

Redbus drives to top spot
Distrib cited for fast growth in Brit survey

LONDON -- Redbus Film Distribution was the U.K.'s fastest-growing company over the past three years, according to the Fast Track 100 survey published by London's Sunday Times newspaper.

Redbus topped the list with an annualized sales growth of 286% from 1999 to 2002. Its sales in the year to July 2002 were $26.3 million, up from $456,000 three years earlier.

Its performance in 2002 was driven primarily by the success of "Jeepers Creepers" and "The Gift," plus the theatrical release of "Bend It Like Beckham," which it co-produced.

" We are delighted by this recognition and proud that we are one of the very few British filmed-entertainment companies that are not only profitable but making a mark on the U.K. business landscape as a whole," said Redbus chief exec Simon Franks.

RFD is a wholly owned subsidiary of Redbus plc, which is also the largest shareholder in the online video rental firm Video Island. Redbus is considering the possibility of floating both RFD and Video Island.