Investment in Sunset Boulevard, Broadway

NASDAQ FIRST NORTH, COPENHAGEN

GATE VENTURES PLC

SHORT NAME:  "GATE"

Investment in Sunset Boulevard, Broadway  

Gate Ventures Plc ("Gate Ventures" or "Gate" or "the Company") is pleased to announce that it has invested $1 million in the Broadway production of Sunset Boulevard, jointly with other prominent investors, following the success of the production in London.    

Sunset Boulevard in Broadway will once again feature award-winning Hollywood actress Glenn Close with music by Andrew Lloyd Webber and script and lyrics by Don Black and Christopher Hampton. Glenn Close won the Evening Standard Theatre Award for Best Musical Performance for her lead role in the London production.  

The show will run for sixteen weeks at the Palace Theatre, New York, with previews from the 2nd February 2017 and opening on the 9th February.  

Dr Johnny Hon, Chairman of Gate Ventures PLC and executive producer of the production, said: "The Board of Gate Ventures is very excited to take Sunset Boulevard to Broadway. We expect the show to once again be a huge success and expect to receive a good return on our investment." 

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Notes to Editors  

Gate Ventures Plc 

Gate Ventures Plc was founded in 2015 to make investments and capitalise on investment opportunities in the media and entertainment sectors.  The Company focuses primarily on investments and operational opportunities in the UK and China covering theatre, television, media technology and  e-commerce. 

The Company's investments include various theatre productions such as the successful Sunset Boulevard and the upcoming highly anticipated 42nd Street, virtual reality ("VR"), and technology companies Bink and PlayJam amongst many others.  Gate Ventures has made a total of nine investments since it was established, and to date, has successfully raised over £14 million reflecting the Company's significant growth thus far. 

This information is provided by RNS
The company news service from the London Stock Exchange

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