Entertainment One receives approval to purchase Alliance Films

EntertainmentOne, co-owner of Peppa Pig and distributor of the Twilight films, has received the green light from regulators to acquire Alliance Films.

EntertainmentOne, co-owner of Peppa Pig and distributor of the Twilight films, has received the green light from regulators to acquire Alliance Films.

The entertainment company had announced that it would purchase Alliance for CAD$225m last September.

It has now been given clearance from the Canadian Competition Bureau and is now free to complete the acquisition of the company, which has rights to films including The King's Speech.

"A further announcement will be made in due course," the company said in a statement.

Entertainment One has been pursuing Alliance since last January.

Alliance finances and distributes films and controls an 11,000-title film library. It has films such as Lost in Translation, Pulp Fiction, Good Will Hunting, the Lord of the Rings trilogy and The Hunger Games under its banner.

Entertainment One, which as a market capitalisation of £478.67m, is an international company that specialises in the acquisition, production and distribution of film and television content including The Walking Dead and Rookie Blue.

Shares rose 2.92% to 176.50p at 8:55 Thursday.

RD

Recommended

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?
Bitcoin

“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?

Dogecoin – a cryptocurrency created as a joke – has risen by more than 9,000% this year alone. Saloni Sardana looks at how something that began as an …
19 Apr 2021
Lab-grown meat: how “moo’s law” will drive innovation
Soft commodities

Lab-grown meat: how “moo’s law” will drive innovation

Jim Mellon and Anthony Chow, co-founders of Aim-listed Agronomics, explain why they believe that “cellular agriculture” will benefit from massive long…
16 Apr 2021
The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021