Trading Statement

28 Sep 2007 07:06

Entertainment One Ltd28 September 2007 Entertainment One Ltd. Pre Close Update / Notice of Interim Results Entertainment One Ltd ("Entertainment One" or the "Company")(LSE:ETO), a leadinginternational filmed entertainment distributor, confirms that it will announceits interim results for the period ended 30 September 2007 on 5 December 2007. Since Entertainment One's launch on the London market on the 29 March 2007, ithas made considerable progress executing the Company's strategy of building onits North American base and expanding into the international filmedentertainment rights and distribution market. The acquisitions of Seville Pictures, a leading film distribution company in theCanadian market, and Contender Entertainment, a leading independent distributorof filmed entertainment in the UK, demonstrate the opportunities that exist forthe Company. In addition, the Directors believe that the announcement of the partnership inCanada and the UK with Summit Entertainment is a validation of the strength of amulti-territory film distribution proposition for both independent studios andproducers. The Company remains excited about the prospects for this and otherpotential commercial partnerships. Trading across the Group remains positive with robust margins and strongperformances from recent acquisitions. The filmed entertainment market hasenjoyed a good year with US box office revenues up 7.2% supported by a number ofhigh profile releases including Pirates of the Caribbean, Spiderman 3, and Shrek 3. The Company is confident that this should provide a strong platform for itsperformance in the second half of the year. CONTACTS:FinsburyFaeth Birch/Don HunterTel: +44 (0)20 7251 3801Email: faeth.birch@finsbury.com/don.hunter@finsbury.com Entertainment One:Darren Throop (CEO) Giles Willits (CFO)Tel: +1 (905) 282 7878 Tel: +44 (0)20 7004 2755Email: dthroop@entertainmentone.ca Email:gwillits@entertainmentone.ca Collins Stewart Europe Limited Kaupthing Singer & Friedlander Capital (NOMAD): Markets LimitedTel: +44 (0)20 7523 8350 Tel: +44 (0)20 3205 7500Seema Paterson Marc Young Entertainment One Ltd. (LSE: ETO) Admitted to trading on AIM on 29 March 2007,Entertainment One Ltd.'s strategy is to build the leading internationalindependent entertainment content ownership and distribution business whichacquires films, television programs and music content and exploits these rightsin all media throughout the world. Entertainment One is the largest distributorof home entertainment products in the Canadian market and following theacquisition of Seville Entertainment in Canada in August 2007, it also has asignificant presence in the theatrical and international sales markets.Following the acquisition of Contender in July 2007, Entertainment One also ownsa leading independent UK distributor of filmed entertainment. The company alsoowns Koch Entertainment, the largest independent record label in North Americaand a leading independent distributor of music and video in the United States. This information is provided by RNS The company news service from the London Stock Exchange