21st Jan 2010 07:00
Entertainment One Ltd.Trading Update
Entertainment One ("E1" or the "Company") is pleased to announce that following strong third quarter trading in the film business, the Group's full year results to 31 March 2010 are anticipated to be ahead of market expectations.
The film business has continued to make excellent progress with 97 films released so far this financial year. The Company is confident that its current pipeline of forthcoming releases provides a strong foundation for further progress in the year ahead. The TV business continues to expand its productions with US broadcast networks while the home entertainment division is trading well and in line with management expectations. Darren Throop, CEO E1, " E1 has successfully positioned itself as a leading independent content and distribution business and we are looking forward to the year ahead; we have a strong pipeline, and are confident that positive momentum in our business will continue''
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EnquiriesQuiller Consultants |
John Eisenhammer |
020 7233 9444 |
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Entertainment One |
Giles Willits |
020 7907 3773 |
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Singer Capital Markets Limited (NOMAD and joint broker) |
James Maxwell/Richard Savage |
020 3205 7500 |
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Cenkos Securities plc |
Stephen Keys/Alex Aylen |
020 7397 8926 |
Notes:
Entertainment One Ltd. (AIM: ETO) is a leading independent entertainment content owner that acquires film, television and music rights and exploits these rights in all media in more than 190 countries. The company currently operates in Canada, the U.S., the UK, Holland and Belgium through its two divisions: Entertainment (comprising Television, Film and Music) and Distribution. These businesses collectively represent E1's extensive expertise in film distribution, television and music production/distribution, Kids content, Licensing and Distribution. E1's content library includes more than 4,000 feature films, 2,800 hours of original television programming and 15,000 music tracks.
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