Parallel Media Group Plc
| London Stock Exchange: PAA
Parallel Media Group Plc provides sports marketing, media and event management services. The company focuses on sports promotion, event management, sponsorship sales, media distribution and sports sponsorship advisory services. It operates through two segments: Event Promotion and Sales and Consultancy. The Event Promotion segment operates professional golf tournaments in Asia which are sanctioned by The European Tour and Ladies European Tour. The Sales and Consultancy segment comprised of three divisions: Parallel Thinking, Parallel Media Korea and Parallel Media. The Parallel Thinking division is the sales and consultancy brand based in London and works with major international brands and federations on sports related marketing opportunities and projects. The Parallel Media Korea division focuses on the development of new opportunities in the Korean market, providing sales and marketing presence in Korea which enhances existing sports properties and provides a platform for the creation of new properties. The Parallel Media Worldwide division is responsible for the worldwide distribution of TV rights. The company was founded by John David Nikolas Ciclitira in 1987 and is headquartered in Parsons Green, the United Kingdom.