July 25th, 2006 by Arjan Olsder Posted in Analysis & Editorial | No Comments »
David Gosen, CEO of I-Play, announced toward the press that I-Play has no financial problems and is profitable since the start of 2006. Mobile Media Magazine (Informa) however pulls out some pretty negative numbers. Mobile Media claims the loss from 2004 (3.62 Million pounds) had been doubled in 2005 to a staggering 7.16 Million pounds. Having investigated the results, Mobile Media Magazine shows most of the costs (15.08 million pounds) in 2005 where in the operating costs. This was only 8.2 million pounds in 2004. Some reasons for this are the rebranding from Digital Bridges to I-Play and the purchase of Ditto Studio’s. David Gosen also states that I-Play has never been in a stronger position. One of their successes has been their move into North America. If you want more details about this article, please visit Informa as the full article has many more details.
