EOne Reports 40% Boost In First Quarter Revenues

"Behind the Candelabra" and "Now You See Me" help drive revenues

Entertainment One has reported a 40% revenue boost year-on-year in its first quarter, with the group’s digital revenues more than doubling, the company said in its interim management statement on Wednesday.

The company, which wrapped up its acquisition of rival Alliance Films earlier this year, now has a distribution web that encompasses Canada, the U.S., Blighty, Spain, Benelux, Australia and South Africa.

The outfit intends to release more than 250 pics during the current financial year, including “The Hunger Games: Catching Fire,” “RED 2,” “Now You See Me” and “Enders Game.”

Investment in content and programs is expected to increase to more than £250 million ($383.8 million) in the current financial year.

Reported film revenues have increased by more than 65% year-on-year, driven by 68 theatrical releases (compared to 49 in 2012). Total box office takings of $68 million repped more than three times prior year levels.

Box office releases include “Mud,” “The Place Beyond the Pines,” “Scary Movie 5,” “The Big Wedding” and “Behind the Candelabra.” DVD releases include “Django Unchained,” “The Impossible,” “Silver Linings Playbook” and “Safe Haven.”

Year-to-date television production is in line with management expectations, the company said, delivering 26 half hours in the first quarter. Its production slate for the financial year includes commissioned renewals for season two of “Saving Hope” and season three of “Hell on Wheels.”

New shows include “Klondike,” the Discovery Channel’s first scripted mini-series while “Peppa Pig” continues to perform well internationally and in the U.S. has two prime slots on Nick Jr.

The company’s operating cashflows are up year-on-year supporting the increased investment in content and programs. This is more than 85% higher in the quarter to June 30, 2013.

Net debt at June 30 was higher than the corresponding point in the prior year, primarily as a result of the Alliance acquisition.

Since eOne acquired Alliance Films, the company has exponentially increased its buying power at markets. The company virtually has a monopoly in the Canadian distribution landscape, whilst it has become a key indie player in other territories.







More Biz

  • EFM 1st European Film Politics Seminar

    Berlin: 1st European Film Politics Seminar - Protecting Independent Film Production

    Leading industry reps gathered on the opening day of Berlin’s European Film Market for what is certain to be a continuing discussion about leveling the playing field for independent producers across Europe and demanding greater engagement in the sector from global players. The 1st European Film Politics Seminar aims to set the political agenda of [...]

  • Harvey Weinstein (C) arrives to New

    Harvey Weinstein Jury Note Stirs Frenzied Speculation on Verdict

    A note from the jury in the Harvey Weinstein trial on Friday afternoon set the media and legal worlds abuzz with speculation about the verdict. The note suggested that the jurors were deadlocked on the two most serious charges — predatory sexual assault — but had reached a unanimous consensus on three other counts, of [...]

  • Naim McNair Named Def Jam Senior

    Naim McNair Named Def Jam Senior VP of A&R

    In what may be the first signal of the next era of Def Jam Recordings, Naim McNair has been named senior VP of A&R at the company. The move comes just hours after it was confirmed that Paul Rosenberg, chairman and CEO of the label since January of 2018, is leaving his post at the [...]

  • Paul Rosenberg

    Paul Rosenberg Stepping Down as Head of Def Jam

    UPDATED: Paul Rosenberg, chairman and CEO of Def Jam Recordings since January of 2018, is leaving his post at the company, a source close to the situation confirms to Variety. Jeff Harleston, general counsel for Def Jam parent company Universal Music Group, will serve as interim chief until a new CEO is appointed; he will [...]

  • Baby Yoda - The Child Animatronic

    Hasbro's Adorable Baby Yoda Animatronic Toy Is Already Sold Out on Disney's Online Store

    The Force remains strong for toys based on Baby Yoda, the breakout star of Disney Plus original series “The Mandalorian.” Less than a day after becoming available for pre-order, Hasbro’s new $59.99 Baby Yoda animatronic toy is no longer available on Disney’s official online store: As of Friday morning, Shop Disney listed it as “sold [...]

  • BTS Leads Spotify’s New Music Friday

    BTS Leads Spotify’s New Music Friday Playlist Rebrand

    Spotify has launched a global rebrand of its popular New Music Friday playlist, which this week features BTS, The Weeknd, Noah Cyrus, Trippie Redd, Kenny Chesney, Rei Ami and others. The revamped playlist, which has 43 versions worldwide, has more than 3.5 million followers in the US and eight million globally. New elements include a [...]

More From Our Brands

Access exclusive content