Notorious Pictures S.p.A. (IT:NPI) has released an update.
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Notorious Pictures S.p.A. has decided not to proceed with a planned bond issuance due to a lack of quorum after their majority shareholder Gugly S.r.l. decided not to attend an upcoming extraordinary shareholders’ meeting. Despite this, the company remains active in the entertainment sector and reported consolidated revenues of €16.8 million in the first half of 2024, though with a net negative result. Notorious Pictures continues operations in film rights production and management of cinemas.
For further insights into IT:NPI stock, check out TipRanks’ Stock Analysis page.