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Library valuation increases to $650 million

15th Aug 2013 07:00

RNS Number : 7354L
Entertainment One Ltd
15 August 2013
 



Date:

15 August 2013

On behalf of:

Entertainment One Ltd. ('the Company', or 'the Group')

Embargoed until:

0700hrs

 

 

Entertainment One Ltd.

Library valuation increases to $650 million

Entertainment One Ltd., the international entertainment group, is pleased to announce its updated library valuation of over $650 million, as independently valued by FTI Consulting Inc.

The Group's library valuation has increased by more than 85% on the 2012 valuation of $350 million, mainly driven by the acquisition of Alliance Films Holdings Inc. in January 2013 and the Group's increased investment in film and television content across all of its international operations.

Darren Throop, Chief Executive Officer, commented:

"This significant increase in our library's value reflects the Group's continuing strategy of investing in world-class film and television content and exploiting our rights through our international network on a multi-territory, multi-platform basis. Our substantial content library underpins the Group's valuation at a key point in its development with the Company being considered for inclusion in the FTSE UK Index Series."

 

Enquiries:

 

Redleaf Polhill

 

 

Emma Kane/

Rebecca Sanders-Hewett

 

 

+44(0)20 7382 4730 

[email protected]

Entertainment One Ltd.

Giles Willits

 

Via Redleaf Polhill 

 

J.P. Morgan Cazenove

Hugo Baring/Virginia Khoo

+44(0)20 7742 4000

 

Cenkos Securities plc

 

Stephen Keys/Adrian Hargrave

 

+44(0)20 7397 8926

Notes to Editors:

About Entertainment One

 

Entertainment One Ltd. (LSE:ETO) is a leading international entertainment company that specialises in the acquisition, production and distribution of film and television content. The Company's comprehensive network extends around the globe including Canada, the US, the UK, Ireland, Spain, Benelux, France, Germany, Scandinavia, Australia, New Zealand, South Africa and South Korea.

 

The Company provides extensive expertise in film distribution, television and music production, family programming and merchandising and licensing. Its current rights library is exploited across all media formats and includes more than 35,000 film and television titles, 2,800 hours of television programming and 45,000 music tracks.

Further information is available at www.entertainmentonegroup.com or email Redleaf Polhill at [email protected].

This information is provided by RNS
The company news service from the London Stock Exchange
 
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