The UK/US firm also increased growth after acquiring a majority stake in Alex Gibney’s Jigsaw Productions.

Content Media Corporation has released its financial results for 2013, reporting a revenue increase of 54% and major profit growth.

Revenue of $71.1m (£46.9m) was up 54% on 2012’s $46.1m (£30.5m).

Profit before taxes rose 19% to $4.9m (£3.2m). Reported profit after tax came in at $13.3m (£8.8 million), up 420% after a large one-time gain.

The large growth in the Content’s revenues reflects the development of its television and film production businesses, including Collins Avenue, Jigsaw Productions and Preferred Film and Television. 

The company’s traditional television and film distribution companies has also continued to perform well, according to the financials.

Content CEO John Schmidt said:  “We saw significant revenue growth in our operating businesses and strong profitability.  We also executed several deals that are important to our future and position us well for growth.”

Those deals included acquiring a 50.1% stake in Alex Gibney’s Jigsaw Productions, which released high profile documentaries including Mea Maxima Culpa: Silence In The House of God  (HBO/Content), History of the Eagles (Showtime/Universal), We Steal Secrets: The Story of Wikileaks (Universal), Park Avenue (PBS) and The Armstrong Lie (Sony), which was just announced for the Venice Film Festival. 

Jigsaw received seven Emmy nominations last month.

Content also acquired a 50.1% stake in Preferred Film and Television with partner Ross Dinerstein and Kevin Iwashina. Dinerstein and Iwashina have partnered with Content on such films as The Divide and The Pact. Together they produced The Pact 2 and Mr. Jones this year.

Content also sold its 25% stake in Phase Four Films and exited that investment, and took Content Media private after several years with a public listing. 

Content Television secured a hit with The Fall, starring Gillian Anderson, as well as UK dramas Line of Duty and The Bletchley Circle.  All have sold internationally. 

Schmidt added: “There are other deals in the pipeline and we expect to be able to announce those soon.

“Our current year, fiscal 2014, should bring more of the same:  increased revenue growth and profitability, more deals with great partners and strong execution on our core businesses. “

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