Entertainment One Announces Annual 2013 Financial Results
Group sees 25% increase in Revenue and 19% increase in Underlying EBITDA²
TORONTO/LONDON – MAY 21, 2013 – Entertainment One Ltd. (‘eOne’ or ‘the Group’), a leading international entertainment content owner and distributor, announces its annual financial results for the year ended 31 March 2013. The Group reported revenue of US$994.2 million¹ up 25% from 2012 and underlying EBITDA² up 19% from last year at US$98.8 million¹.
"It has been a very positive year for Entertainment One and I am delighted to report another strong set of results,” said Darren Throop, President & CEO, Entertainment One. “This clearly demonstrates the strength of our strategy of investing in world-class content and exploiting our distribution rights on a multi-territory, multi-platform basis. The successful acquisition and integration of Alliance has been a particular highlight of the year. Our planned transfer to a Premium Listing and intention to adopt a progressive dividend policy will enable us to drive value for our shareholders."
eOne also announces that the integration of Alliance Films businesses is now substantially complete, following its acquisition of the company in January 2013. The acquisition saw eOne expand its operations into Spain and enhance its network of film output partners and strategic distribution relationships, which now includes Lionsgate/Summit, The Weinstein Company, Focus, Relativity, Lakeshore and Lava Bear, among others.
Across its six core territories, the Company released over 200 films theatrically over the year including The Twilight Saga: Breaking Dawn - Part 2, Zero Dark Thirty, The Sapphires, Nativity 2, Looper, Warm Bodies, Safe Haven, The Impossible, and Quartet. eOne’s recently-launched US theatrical division successfully released eight box office titles, includingA Late Quartet, Cosmopolis and Starbuck.
The company’s strong upcoming multi-territory slate includes the highly anticipated sequel, The Hunger Games: Catching Fire, science fiction action film Ender’s Game (starring Harrison Ford, Abigail Breslin and Ben Kingsley), Princess Diana biopic Diana (starring Naomi Watts), action comedy sequel RED 2 (Bruce Willis and Helen Mirren), Anton Corbijn directed thriller A Most Wanted Man (starring Philip Seymour Hoffman), heist movie Now You See Me (Morgan Freeman, Mark Ruffalo, Jesse Eisenberg and Dave Franco) and action drama 2 Guns (Denzel Washington and Mark Wahlberg).
Entertainment One is currently the leading independent television production studio in Canada. The Company delivered 295 half hours of original television in various genres in the fiscal year and successfully secured a strong pipeline of new network orders and renewals already commissioned including:
· Call Me Fitz (HBO Canada & DirectTV)
· Hell on Wheels (AMC)
· Klondike (Discovery)
· Mary Mary (WeTV)
· Mega Builders (Discovery)
· Party Mamas (Slice & Wealth TV)
· Perfect Storms: Disasters that Changed the World (History Television & Historia)
· Rogue (DirecTV, The Movie Network & Movie Central)
· Rookie Blue (Shaw & ABC)
· Saving Hope (CTV)
· The Sheards (BET)
eOne Family’s Peppa Pig remained the UK’s number one pre-school property and saw a successful nationwide licensing and merchandising launch in the US, which continues to expand internationally.
Overall, it has been a transformational year for eOne. The Company continues to focus on being the leading international independent entertainment group through the production and acquisition of multi-platform content for worldwide exploitation as well as extending its geographic footprint through corporate acquisitions and partnerships.
1 The Group publishes its results in pounds sterling. The USD figures quoted in this release uses the Group’s published figures and translates them into USD at a rate of £1=USD1.5804, the cumulative average exchange rate for the year ended 31 March 2013.
2 Underlying EBITDA is profit after tax before operating one-off items, share-based payment charges, net finance charges, tax, depreciation and amortisation of intangible assets.
A copy of Entertainment One’s Preliminary Announcement for the year ended 31 March 2013 can be found on our website at www.entertainmentone.com. Copies of the Annual Report for the year ended 31 March 2013 will be available to shareholders shortly.
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About Entertainment One Ltd.
Entertainment One Ltd. (LSE:ETO) is a leading international entertainment company that specializes in the acquisition, production and distribution of film and television content. The company’s comprehensive network extends around the globe including Canada, the U.S., the UK, Ireland, Spain, Benelux, France, Germany, Scandinavia, Australia, New Zealand, South Africa and South Korea. Through established Entertainment and Distribution divisions, 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, 2,700 hours of television programming and 45,000 music tracks.
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