destra Corporation Limited, Australia's leading independent digital media company, today announced that it has acquired 10.03% of Beyond International Limited (ASX:BYI), on market, at an average price of $1.3284.
Since the business commenced activities in 1985, Beyond International (Beyond) has become a major entertainment company, involved in the creation and international exploitation of television, feature films and ancillary products. Beyond was established as CIC Productions to produce the television series Beyond 2000 for the Seven Network in Australia. This created a strong base for the company to develop an extensive international distribution network and to branch into drama program production and the international sale/distribution of feature films.
Some of Beyond’s better known productions include Stingers, Halifax fp, Hot Property/Auctions, Beyond 2000, Sex/Life, Wildlife with Olivia Newton John, and the acclaimed mini series Day of the Roses. The company has also been involved in the international success of feature films such as The Crossing, Strictly Ballroom, Love Serenade, Chopper and Lantana.