Advertisement

Entertainment One posts rise in annual profit

Entertainment One, which hosts of the UK's popular children show Peppa Pig, achieved higher annual profit following the acquisition of Alliance Films.

Entertainment One, which hosts of the UK's popular children show Peppa Pig, achieved higher annual profit following the acquisition of Alliance Films.

The group acquired Alliance in January, to boost the company's film offering.

A new five-year $425m syndicated debt facility was completed for the acquisition.

The integration of the Canadian film business has since been finalised and $20m of targeted synergy savings was achieved on an annualised basis after just four months.

Advertisement - Article continues below

The film division released more than 200 titles with gross box office up 79% to $376m in the year to March 31st.

The television business delivered 295 hours of programming with a strong pipeline of new network orders and renewals commissioned.

Peppa Pig enjoyed successful nationwide licensing and a merchandising launch in the US as it continued to expands it reach abroad.

Underlying revenue and pre-tax profit for the year rose 25% to £629.1m and £53.8m respectively.

"It has been a very positive year for Entertainment One and I am delighted to report another strong set of results," said Chief Executive Officer, Darren Throop.

"This clearly demonstrates the strength of our strategy of investing in world-class content and exploiting our distribution rights on a multi-territory, multi-platform basis.

"The successful acquisition and integration of Alliance has been a particular highlight of the year."

The company has made an application to the UK Listing Authority to transfer its shares from the standard listing segment to the premium listing segment of the Official List of the Financial Conduct Authority.

Entertainment One said it intends to adopt a progressive dividend policy, with an inaugural payment expected to be made following the 2014 full-year financial results.

Shares fell 0.51% to 196.50p at 09:58 Tuesday.

RD

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

What gold, bonds and tech stocks have in common
Stockmarkets

What gold, bonds and tech stocks have in common

"Risk off" or "safe haven" assets such as gold and government bonds have been doing well lately. But so have riskier tech stocks. That seems to defy c…
10 Jul 2020
An economics lesson from my barber
Inflation

An economics lesson from my barber

On reopening his shop after lockdown, Dominic Frisby’s barber doubled his prices. It’s all part of the post-Covid inflation process – and we’re going …
8 Jul 2020
Share tips of the week
Share tips

Share tips of the week

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
10 Jul 2020