18th Aug 2016 07:00
Date: 18 August 2016 On behalf of: Entertainment One Ltd. ('the Company', 'eOne' or the 'Group')Embargoed until: 0700 hours
Entertainment One Ltd.
Investment in Secret Location
Entertainment One Ltd. is pleased to announce that, further to its initial investment in 2014, the Group has completed the purchase of the remaining 50% stake in leading digital studio Secret Location, which results in full ongoing ownership by the Group.
As announced in 2014, Secret Location's innovative digital expertise will help drive new content opportunities across the Group.
Following completion and in order to satisfy consideration for the acquisition, application has been made to the UK Listing Authority and the London Stock Exchange for 1,728,794 common shares in Entertainment One Ltd. to be admitted to the Official List and to trading on the London Stock Exchange. The shares shall rank pari passu with the existing common shares of the Company and it is expected that admission will take place on 19 August 2016.
Enquiries:
| ||
Redleaf Communications | Rebecca Sanders-Hewett / Sarah Fabietti-Dallison
| +44(0)20 7382 4730 |
Entertainment One Ltd. | Giles Willits/Patrick Yau
| +44(0)20 3714 7931 |
Notes to Editors:
About Entertainment One
Entertainment One Ltd. (LSE:ETO) is a global independent studio that specialises in the development, acquisition, production, financing, distribution and sales of entertainment content. The Company's diversified expertise spans across film, television and music production and sales, family programming, merchandising and licensing, and digital content. Through its global reach and expansive scale, powered by deep local market knowledge, the Company delivers the best content to the world.
Entertainment One's robust network includes film and television studio The Mark Gordon Company; content creation venture Amblin Partners with Steven Spielberg, DreamWorks Studios, Participant Media, and Reliance Entertainment; leading feature film production and global sales company Sierra Pictures; unscripted television production companies Renegade 83, Paperny Entertainment and Force Four Entertainment; world-class music labels Dualtone Music Group and Last Gang; and award-winning digital agency Secret Location.
The Company's rights library is exploited across all media formats and includes more than 100,000 hours of film and television content and approximately 40,000 music tracks.
www.entertainmentone.com
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