eOne Says Talks With Alliance Are Ongoing As It Reports Strong First Quarter

In May, Entertainment One confirmed it was mulling the acquisition of fellow Canadian-based group, Alliance Films. At the time, it said a deal was not a certainty, but that it had held talks with Alliance shareholders. In its interim results today, eOne said the discussions are “ongoing”. In the meantime, eOne said it had increased first quarter film revenues by 16% and TV revenues by over 200%. In the quarter, the company, which operates in North America, the UK and Benelux, released 49 movies up from 36 in the same period in 2011. In May, it was particularly active at Cannes where it acquired 20 movies including the RED sequel, Hugh Jackman-starrer Prisoners, biopic Grace Of Monaco with Nicole Kidman and The Mortal Instruments in a multi-territory deal. EOne’s upcoming slate includes The Twilight Saga: Breaking Dawn Part 2, feel-good comedy The Sapphires, police drama The Sweeney and Toronto Film Fest opener, Looper. On the TV side, eOne produces NBC’s The Firm, cop show Rookie Blue, hospital drama Saving Hope, DirecTV drama Rogue and popular toon Peppa Pig, among others. The company said its full-year results are anticipated to be in line with management’s expectations.

This article was printed from https://deadline.com/2012/07/eone-says-talks-with-alliance-are-ongoing-as-it-reports-strong-first-quarter-306704/