Entertainment One Ltd Investment in Sierra Pictures LLC (3453T)
03 July 2018 - 4:00PM
UK Regulatory
TIDMETO
RNS Number : 3453T
Entertainment One Ltd
03 July 2018
Date: 3 July 2018
On behalf of: Entertainment One Ltd. ('the Company', 'eOne' or the 'Group')
Embargoed until: 0700 hours
Entertainment One Ltd.
Investment in Sierra Pictures LLC
Entertainment One Ltd. is pleased to announce that further to
its initial investment in 2015, the Group has completed the
purchase of the remaining stake in leading feature film production
and global sales company Sierra Pictures LLC, which results in full
ongoing ownership by the Group.
Sierra Pictures enhances eOne's capabilities in producing and
acquiring premium films and cultivating successful relationships
with leading industry talent and creatives, further increasing
direct involvement and ownership in content. Wholly-owned
Sierra/Affinity, the international sales company, will continue to
represent films from third party producers, as well as leveraging
its operations to sell eOne titles into territories where there is
no direct distribution infrastructure.
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 1,231,768 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 4 July 2018.
Enquiries:
Alma PR Rebecca Sanders-Hewett +44 (0)20 3865 9668
Entertainment One
Ltd. 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 newly-launched
MAKEREADY with Brad Weston, 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 company Renegade 83; 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 80,000 hours of film and television
content and approximately 40,000 music tracks.
www.entertainmentone.com
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Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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