Octagon FilmsEmployee numbers at one of Ireland's best-known television and movie production firms, Octagon Flims, have increased to 850 as a result of new series of The Borgias and Vikings, currently in production.
Abridged accounts lodged by the Wicklow firm show it recorded a profit in the 12 months to the end of September last, with its accumulated losses decreasing sharply from €150,885 to €37,638.
Separate accounts show that a connected firm, Tiber Productions, had shareholder funds totalling €2.5 million at the end of March last year.
Octagon co-founder James Flynn said: “The TV production side of the business is going very well. On the film production, we have scaled down and are becoming more selective in what we do by pursuing prestige, passion projects.”
Mr Flynn said that about 1,000 people are employed across Octagon Films productions for this year.
He said that the filming of the third series of the award-winning drama, Love Hate has just been completed “and we are hopeful that a fourth series will be commissioned”.
Mr Flynn, who leads Octagon Films with Morgan O’Sullivan, said he hoped production of the movie would start this time next year.
