{"id":43,"date":"2019-03-22T10:31:53","date_gmt":"2019-03-22T09:31:53","guid":{"rendered":"https:\/\/annualreport.palmapictures.es\/annualreport2019\/?page_id=43"},"modified":"2020-08-14T18:26:47","modified_gmt":"2020-08-14T16:26:47","slug":"ceo-comment","status":"publish","type":"page","link":"https:\/\/annualreport.palmapictures.es\/annualreport2019\/who-we-are\/ceo-comment\/","title":{"rendered":"CEO Comment"},"content":{"rendered":"[vc_row][vc_column width=”1\/3″][\/vc_column][vc_column width=”2\/3″][vc_column_text]\n

CEO Comment<\/h1>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][\/vc_column][vc_column width=”2\/3″][vc_column_text el_class=”intro-txt” css=”.vc_custom_1559812915806{margin-bottom: 10px !important;}”]\n

Dear Colleagues,<\/h2>\n[\/vc_column_text][vc_column_text el_class=”intro-txt”]As we reflect on a world before the Coronavirus, the Palma Pictures\u2019 team found itself working across the usual broad spectrum of content. Helping producers realize their visual stories via traditional TVC spot advertising, print and branded content projects, reality shows, television series and feature films kept us busy, energized and inspired over the course of 2019.<\/strong>[\/vc_column_text][vc_column_text]This diversity and breadth of work saw our financial performance continue to build on the successes of previous years. Billings reached a record 63.3M\u20ac (32.85M\u20ac), with revenues at 19.38M\u20ac (19.83M\u20ac) and EBITDA at 1.83M\u20ac (1.65M\u20ac) for the Palma Pictures Media Production Group.<\/p>\n

We welcomed production teams from 9 territories to shoot their projects throughout Spain, with units enjoying the varied backdrops of locations in areas such as; Mallorca, Ibiza, Barcelona, Madrid, Girona, Malaga, Almeria and Tenerife.<\/p>\n

Our staff and freelance crews worked tirelessly over the course of the year to deliver \u2018Picture Perfect Service\u2019<\/em> to our varied clients. We were delighted to bolster our talent base and made a spate of new hires including; Eli Crego (Co-Head of Production)<\/em>, Lyndsay Fields (Executive Producer \u2013 Barcelona<\/em>), Mar Henche (Senior Business Management Consultant \u2013 Tax & Accountancy<\/em>), Kristyna Podolska (Producer<\/em>) and Eduardo Rodrigalvarez (Supervising Location Manager<\/em>) all having joined our team.<\/p>\n

As a team we are always looking to better our capabilities and we ran training modules across areas such as; health & safety, stream-lining our production processes and tighter wrap reviews, all in line with our continuous improvement approach. And with our end of year quarterly team satisfaction poll once again reaching a new high since we launched it some years ago.<\/p>\n

Film & TV workflows were our strongest to date with drama projects including; Leftbank Pictures \/ Netflix \u2018The Crown – Season 4<\/em>\u2019, NBC Universal \/ Amazon \u2018Hanna \u2013 Season 2<\/em>\u2019, Leftbank Pictures \/ Vancouver Media \/ Netflix \u2018White Lines<\/em>\u2019, Cosmopolitan Pictures \/ Clerkenwell Films \/ BBC \u2018The Mallorca Files \u2013 Season 2<\/em>\u2019 and \u2018The Last Letter From Your Lover<\/em>\u2019 Blueprint Pictures \/ Studio Canal, as well as a host of others choosing to shoot against the diverse backdrop of our Spanish locations.<\/p>\n

We also continued to take advantage of the 20% national rebate for long form projects helping to make Spain an even more competitive shooting destination, which I am happy to report has been significantly enhanced in 2020 and now offers a 25% rebate up to the new cap of 10M\u20ac local spend (and with 30% for the first 1M\u20ac spend).<\/p>\n

We also secured our first co-producing credit for the feature film \u2018Off the Rails<\/em>\u2019, produced by Bill Kenwright Films.<\/p>\n

We enjoyed collaborating with the globally successful entertainment formats of \u2018Love Island<\/em>\u2019 for ITV Studios with UK \/ German versions and \u2018Below Deck\u2019 for 51 Minds \/ Bravo.<\/p>\n

In Q1 We launched a dedicated talent agency headed up by our very own David Martinez and with the aim of showcasing the best of our local cast and models to our international client-base.<\/p>\n

CSR activities continued apace and we passed our environmental audit for the tenth year running, retaining both our ISO 14001 and EMAS certifications. Other activities included our ongoing support for local charities, with our team once again spending the day assisting the amazing folks of Aspace \u2013 a charity dedicated to helping those affected by Cerebral Palsy.<\/p>\n

We maintained our annual investment program to keep our studio complex and equipment inventory abreast of ongoing technical innovations in content capture with 500K\u20ac allocated over 2018 \/ 2019.<\/p>\n

We continued to enhance our IT architecture, with improved HR and budgeting software, development and segmentation of our CRM software, the modernization of our casting database and we also began the migration of our locations database to a new and improved portal.<\/p>\n

Our mainland offices in Barcelona and Madrid serviced some great TVC work for brands such as \u2018Mercedes<\/em>\u2019, \u2018North Western Mutual\u2018<\/em> and \u2018Toyota<\/em>\u2019.
\nIn Q2 we launched our own UK based production company – \u2018Palma Pictures Studios\u2019 under the stewardship of our managing partner Trent Walton and have been busy building, what we believe to be, an unmissable development slate of television drama and feature projects.<\/p>\n

So, another exciting and action packed twelve months with great teamwork delivering a great result.<\/p>\n

It goes without saying that our next report, relating to a 2020 impacted by Covid-19, will no doubt take a different shape, but I will look forward to sharing both our challenges and successes in the next edition of our Palma Pictures Annual Report.<\/p>\n

 <\/p>\n

Mike Day<\/strong>
\nPalma Pictures CEO[\/vc_column_text][\/vc_column][\/vc_row][vc_row disable_element=”yes”][vc_column width=”1\/2″][vc_column_text el_class=”destacado”]We welcomed production teams from 9 territories to shoot their projects throughout Spain.[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][\/vc_column][\/vc_row][vc_row disable_element=”yes”][vc_column width=”1\/3″][\/vc_column][vc_column width=”2\/3″][vc_column_text]Our staff and freelance crews worked tirelessly over the course of the year to deliver \u2018Picture Perfect Service<\/em>\u2019 to our varied clients.\u00a0 We were delighted to bolster our talent base and made a spate of new hires including; Cat Isaakson (Head of Production<\/em>), Peter Steinzeig (Executive Producer \u2013 USA<\/em>), Soeren Schmidt (Executive Producer \u2013 Germany & Head of Barcelona Office), <\/em>Kristyna Podolska (International Producer \u2013 Eastern Europe & UK Market<\/em>) and the Goya winning Yousaf Bokhari (Head of Production Film and Television<\/em>) all having joined our team.<\/p>\n

We also welcomed some fabulous new chefs to our studio restaurant, in the form of Yann and David, to keep both our team and clients happy and well fed.<\/p>\n

We continued ‘busting silos’, with our production, locations and photo teams all working hand in hand within our production pool.\u00a0 Better communication, tighter collaboration and a wealth of shared experience also helped drive our internal team satisfaction poll to its highest level since we launched it some years ago.<\/p>\n

Film & TV workflows were our strongest to date with projects including Leftbank \/ Netflix \u2018The Crown – Season 3\u2019<\/em>, NBC Universal \/ Amazon \u2018Hanna<\/em>\u2019, BigTalk \/ SkyOne \u2018Living the Dream\u2019<\/em>, Clerkenwell Films \/ BBC \u2018The Mallorca Files<\/em>\u2019 and BBC Studios \u2018MotherFatherSon<\/em>\u2019, as well as a host of others choosing to shoot against the diverse backdrop of our Spanish locations.\u00a0 We also continued to take advantage of the 20% national tax rebate for long form projects helping to make Spain an even more competitive shooting destination.[\/vc_column_text][\/vc_column][\/vc_row][vc_row disable_element=”yes”][vc_column width=”1\/2″][vc_column_text el_class=”destacado”]Film & TV workflows were our strongest to date with projects for Netflix, Amazon, SkyOne and BBC.[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][\/vc_column][\/vc_row][vc_row disable_element=”yes”][vc_column width=”1\/3″][\/vc_column][vc_column width=”2\/3″][vc_column_text]We hosted three \u2018Love Island<\/em>\u2019 shows for ITV Studios with versions for the UK, Germany and even Australia.<\/p>\n

CSR activities continued apace and we passed our environmental audit for the ninth year running, retaining both our ISO 14001 and EMAS certifications.\u00a0 Other activities included our ongoing support for local charities, with forty of our team once again spending the day planting trees at the beautiful bird sanctuary of s’Albufera.<\/p>\n

We maintained our annual investment program to keep our studio complex and equipment inventory abreast of ongoing technical innovations in content capture with 500K\u20ac allocated over 2018 \/ 2019.<\/p>\n

We overhauled our IT architecture with new human resources and customer relationship management software.<\/p>\n

We opened an office in the capital of Madrid that, alongside our existing office in Barcelona, strengthened our mainland offering and serviced some great work for brands such as \u2018Audi<\/em>\u2019, \u2018Head & Shoulders<\/em>\u2019 and \u2018Hotels.com<\/em>\u2019.<\/p>\n

So, all in all, an exciting and action packed twelve months with great teamwork delivering a great result.\u00a0 We\u2019ll look forward to sharing our latest news with you in the next edition of our Palma Pictures Annual Report.[\/vc_column_text][vc_column_text]\n

Mike Day<\/h4>\n

Palma Pictures CEO[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column width=”1\/3″][\/vc_column][vc_column width=”2\/3″][vc_column_text] CEO Comment [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/3″][\/vc_column][vc_column width=”2\/3″][vc_column_text el_class=”intro-txt” css=”.vc_custom_1559812915806{margin-bottom: 10px !important;}”] Dear Colleagues, [\/vc_column_text][vc_column_text el_class=”intro-txt”]As we reflect on a world before the Coronavirus, the Palma Pictures\u2019 team found itself working across the usual broad spectrum of content. Helping producers realize their visual stories via traditional TVC spot advertising, print and branded content projects, reality…<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":36,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false},"_links":{"self":[{"href":"https:\/\/annualreport.palmapictures.es\/annualreport2019\/wp-json\/wp\/v2\/pages\/43"}],"collection":[{"href":"https:\/\/annualreport.palmapictures.es\/annualreport2019\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/annualreport.palmapictures.es\/annualreport2019\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/annualreport.palmapictures.es\/annualreport2019\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/annualreport.palmapictures.es\/annualreport2019\/wp-json\/wp\/v2\/comments?post=43"}],"version-history":[{"count":23,"href":"https:\/\/annualreport.palmapictures.es\/annualreport2019\/wp-json\/wp\/v2\/pages\/43\/revisions"}],"predecessor-version":[{"id":611,"href":"https:\/\/annualreport.palmapictures.es\/annualreport2019\/wp-json\/wp\/v2\/pages\/43\/revisions\/611"}],"up":[{"embeddable":true,"href":"https:\/\/annualreport.palmapictures.es\/annualreport2019\/wp-json\/wp\/v2\/pages\/36"}],"wp:attachment":[{"href":"https:\/\/annualreport.palmapictures.es\/annualreport2019\/wp-json\/wp\/v2\/media?parent=43"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}