14 Jul 2011 07:00
Date: | 14 July 2011 |
On behalf of: | Entertainment One Ltd. ("eOne", the "Company" or the "Group") |
Embargoed until: | 0700hrs |
Entertainment One Ltd.
Output deal with Amazon's LOVEFiLM delivers upgrade
Entertainment One Ltd. (LSE:ETO), the international entertainment group, is pleased to announce that it has signed an exclusive output deal with LOVEFiLM, a subsidiary of Amazon EU SARL and Europe's largest digital subscription service, for the distribution of the Group's UK film releases.
The five year agreement is expected to transform eOne's digital revenues. As a result the Group expects its trading performance for the year ending 31st March 2012 and beyond to be significantly ahead of market expectations.
The deal places the Group at the forefront of digital rights monetisation in the UK market and provides LOVEFiLM subscribers with exclusive access to the Group's UK titles via their online service. It includes films such as The Twilight Saga: Eclipse and RED as well as forthcoming releases such as Paul WS Anderson's The Three Musketeers in 3D, The Twilight Saga: Breaking Dawn Part 1 and George Clooney's The Ides of March.
Darren Throop, CEO of eOne, said:
"This is an excellent deal for eOne. We expect it to increase our digital revenues significantly and we are delighted to be partnering with Europe's largest digital subscription service. It also highlights the attractiveness of the eOne library and we remain extremely excited about the potential for similar opportunities in our other key markets."
Enquiries:
| ||
Redleaf Communications | Emma Kane Rebecca Sanders-Hewett
| +44 (0) 207 566 6700 eOne@redleafpr.com
|
Entertainment One Ltd. | Giles Willits
| +44 (0) 207 907 3773
|
Cenkos Securities plc
| Stephen Keys Adrian Hargrave
| +44 (0) 207 397 8926
|
Singer Capital Markets Limited
| James Maxwell Nick Donovan | +44 (0) 203 205 7500 |
Notes to Editors:
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, Benelux, France, Germany, Scandinavia, Australia, New Zealand and South Africa. 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 20,000 film and television titles, 2,500 hours of television programming and 45,000 music tracks.