31 Mar 2011 07:00
Date: | 31 March 2011 |
On behalf of: | Entertainment One Ltd. ('the Company', or 'the Group') |
Embargoed until: | 0700hrs |
Entertainment One Ltd.
Pre-close trading update
Prior to entering its close period, Entertainment One Ltd. (LSE: ETO), the independent international entertainment group, is pleased to announce the following update on trading for the financial year ended 31 March 2011.
The Company expects results for the financial year to be in line with recently upgraded market expectations.
The Film business enjoyed success in February and March with the theatrical release of Gnomeo & Juliet in the UK and Canada and the DVD release of RED. The Television business is on schedule to deliver another successful year with the number of half hours produced in line with expectations. In Family, Peppa Pig has had a successful start to its broadcasting in the US on Nick Jr. following its initial broadcast in February.
In line with the Group's strategy, the Company has now closed its remaining retail stores in Canada. The financial performance of the retail business (including closure costs) will be reported as Discontinued Operations in the results for the financial year ended 31 March 2011.
Results for the financial year ended 31 March 2011 will be announced on 23 May 2011.
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
Singer Capital Markets Limited
| Stephen Keys Adrian Hargrave
James Maxwell Nick Donovan | +44 (0) 207 397 8926
+44 (0) 203 205 7500 |
Notes to Editors:
Entertainment One Ltd. (LSE:ETO) is a leading international entertainment company that specialises 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, 2,400 hours of television programming and 45,000 music tracks.
Further information is available at www.entertainmentonegroup.com or email Redleaf at eOne@redleafpr.com.
This announcement has been issued by and is the sole responsibility of the Company.