Dublin-based Brown Bag Films proves a big draw as employee numbers double to 125
NUMBERS employed by the multi award-winning Dublin-based Brown Bag Films have more than doubled to 125 in the past two years, new accounts show.
The animation studio confirmed yesterday that staff numbers have grown to 125 from the 59 employed at the end of 2010.
The jobs hike came as pre-tax profits slumped 75pc to €93,709 for the eight-month period to the end of December 2010 from €386,560 in the previous 12 month period.
Revenues in the eight-month period declined by one-third to €3m compared to €4.5m in the 12 months to the end of April 2010.
The firm's most recent Disney series, the top-rated 'Doc McStuffins', attracted almost five million viewers and will air here this autumn.
Brown Bag's 'Happy Hugglemonsters' will premier for Disney Junior in over 150 countries over the next few months.
While profits are down, the accounts say that the investment "is anticipated to lead to long-term profitability" in the years ahead.
The company, based in Smithfield, is currently advertising for at least a further 15 posts.
In the past, Brown Bag Films -- established by Cathal Gaffney and Darragh O'Connell -- has received Oscar nominations for short films 'Give Up Yer Aul Sins' and 'Granny O'Grimm'.
In the 2010 accounts, the directors said that any failure by Government to extend or replace the Section 481 tax incentive scheme beyond 2015 "poses a risk to our ability to compete effectively for new business".