Entertainment One Regulatory News (ETO)

27 Mar 2008 07:01

Entertainment One Ltd27 March 2008 27 March 2008 Entertainment One Ltd Entertainment One acquires Canadian assets of THINKFilm Entertainment One Ltd. ("the Company"), the international independent film andentertainment content business, today announces that it has agreed an outputdeal with US independent studio, THINKFilm. Through its subsidiary, SevillePictures, the Company will be the exclusive Canadian distributor of filmsproduced by THINKFilm until the end of 2010. THINKFilm's current and upcoming feature releases include Bordertown, starringJennifer Lopez and Antonio Banderas, and In The Shadow Of The Moon, winner ofthe World Cinema Audience Award at Sundance 2007. Entertainment One has also acquired THINKFilm's library of 235critically-acclaimed and commercially-proven features for the remainder of theterm that THINKFilm owns the pictures. The acquisition brings the Company's filmed entertainment catalogue to 700+titles. New additions to the Company's catalogue include the highly successfulCrouching Tiger, Hidden Dragon directed by Ang Lee, Pedro Almodovar's AcademyAward winning All About My Mother, and The Assassination of Richard Nixon. Entertainment One's strategy is to build a leading independent internationalentertainment and content ownership and distribution business. The deal followsrecent acquisitions of Holland and Belgium distributor RCV Entertainment BV inJanuary 2008; UK based Contender Entertainment Group in July 2007 and of Canadabased Seville Pictures in August 2007. Darren Throop, CEO of Entertainment One, said: "The long-term output deal and acquisition of THINKFilm's 235 titles library isanother important step in building up our quality content ownership, which is acrucial element in our strategy of developing a powerful independentinternational distribution network." Enquiries: Quiller Consultants Claire Kearney 020 7233 9444 John EisenhammerEntertainment One Giles Willits 020 7004 2755Kaupthing Singer & Friedlander Marc Young 020 3205 7500Capital Markets Limited (NOMAD) Notes to Editors: Entertainment One Ltd. (LSE: ETO) AIM listed, Entertainment One Ltd's strategyis to build a leading global independent entertainment content ownership anddistribution business which acquires films, television programmes and musiccontent and exploits these rights in all media throughout the world.Entertainment One is one of the world's leading international entertainmentcompanies with operations in Canada, the U.S, Holland, Belgium and the UK, whereit distributes, acquires and owns filmed entertainment and music content in allmedias. Entertainment One also owns Koch Entertainment, the largest independentrecord label in North America and a leading independent distributor of music andvideo in the United States. www.entertainmentonegroup.com This information is provided by RNS The company news service from the London Stock Exchange