20th Sep 2007 07:01
Entertainment One Ltd20 September 2007 ENTERTAINMENT ONE AND SUMMIT ENTERTAINMENT ANNOUNCE THREE YEAR MULTI-TERRITORY DISTRIBUTION AGREEMENT Entertainment One (LSE:ETO), a leading international filmed entertainmentdistributor, today announces it has signed a multi-territory all rightsagreement with film studio Summit Entertainment to exclusively distribute alltitles released by Summit for the UK and Canadian markets from the beginning of2008 until the end of 2010. Summit is one of the leading Hollywood film studios with a strong history of boxoffice hits including Mr & Mrs Smith, Memento and Step Up. It anticipatesreleasing 10-12 movies annually through this agreement. Entertainment One will distribute the motion pictures through all channelsincluding cinema, DVD, television and digital media. It will continue todistribute on a long term basis titles released by Summit in the three yearperiod covered by the agreement. Darren Throop, CEO of Entertainment One, said: "Summit is unique in thisindustry - no other independent company has so consistently produced criticallyacclaimed and commercially successful films. This partnership is a significantmilestone in our strategy of building the leading international entertainmentcontent ownership and distribution business." Robert G Friedman, Co-Chairman of Summit Entertainment, added: "We could not askfor a better partner to represent our films in both Canada and the UK. Thecombination of Entertainment One's status as a listed company and theircommitment to the Canadian and UK marketplaces allows Summit the bestopportunity to have our films succeed and reach the broadest possible audiencesin the theatrical and in the home entertainment markets." Entertainment One Ltd. (LSE: ETO) Admitted to trading on AIM on 29 March 2007,Entertainment One Ltd.'s strategy is to build the leading internationalindependent entertainment content ownership and distribution business whichacquires films, television programs and music content and exploits these rightsin all media throughout the world. Entertainment One is the largest distributorof home entertainment products in the Canadian market and following theacquisition of Seville Entertainment in Canada in August 2007, it also has asignificant presence in the theatrical and international sales markets.Following the acquisition of Contender in July 2007, Entertainment One also ownsa leading independent UK distributor of filmed entertainment. The company alsoowns Koch Entertainment, the largest independent record label in North Americaand a leading independent distributor of music and video in the United States. Summit Entertainment LLC is a worldwide theatrical motion picture development,financing, production and distribution studio, based in Hollywood, California.The studio handles all aspects of marketing and distribution for both its owninternally developed motion pictures as well as acquired pictures. SummitEntertainment, LLC also represents international sales for both its own slateand third party product. Summit plans to release 10 to 12 films annually. CONTACTS: Trade Press: Financial Press:DDA PR Finsbury Faeth Birch/Don HunterDennis Davidson/Jill Jones Tel: +44 (0)20 7251 3801Tel: +1 (310) 205-4868 Email: [email protected];Email: [email protected]; [email protected]@ddapr.com Entertainment One:Darren Throop (CEO) Giles Willits (CFO)Tel: +1 (905) 282 7878 Tel: +44 (0)20 7004 2755Email: Email: [email protected]@entertainmentone.ca Collins Stewart Europe Limited Kaupthing Singer & Friedlander Capital Markets(NOMAD): LimitedTel: +44 (0)20 7523 8350 Tel: +44 (0)20 3205 7500Seema Paterson Marc Young This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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