NEWS RELEASE TRANSMITTED BY Marketwired
FOR: Entertainment One Ltd.
LSE SYMBOL: ETO
JUNE 2, 2014
Entertainment One Announces Agreement to Acquire Phase 4 Films
Deal reinforces eOne's VOD, digital and home entertainment strategies in the
U.S. Brings new opportunities to eOne's Family business in the U.S. and Canada
TORONTO, ONTARIO and LONDON, UNITED KINGDOM--(Marketwired - June 2, 2014) -
Entertainment One ("eOne") (LSE:ETO) is pleased to announce that it
has agreed to acquire the Phase 4 Films group of companies ("Phase
4") from President & CEO Berry Meyerowitz. Meyerowitz today takes on
the role of President of eOne's U.S. Film and Distribution business, and
will oversee all aspects of film distribution in the U.S. and also oversee the
company's North American label and kids & family content distribution
The acquisition will unite two independent film distribution leaders in North
America under eOne. Founded by Meyerowitz in 2009 and headquartered in Toronto,
Phase 4 handles sought-after film, television and special interest content
across all media in the North American market, with a focus on home
entertainment, cable, telecommunications, satellite and digital platforms.
eOne will actively source films which will see their value in these media
enhanced with platform theatrical releases that generate awareness and interest
before their release in transactional media. The addition of the Phase 4
management team and their combined expertise will see eOne build on that
"We are delighted to welcome Berry and the talented Phase 4 team to
eOne," said Patrice Theroux, who oversees eOne's global film
business. "Phase 4 has been first at the table for key On Demand
partnerships in the U.S. and they have a proven track record of success. Their
expertise will greatly extend our abilities in the U.S. while also
complementing our Canadian offering."
Phase 4 brings wide-ranging capabilities and a strong network of key U.S. VOD,
digital and retail partners to eOne. This deal will also see kaboom!
Entertainment, Phase 4's dedicated kids & family label, broaden the
opportunities for eOne's growing U.S. and Canadian Family and Licensing
"This is a very exciting development for Phase 4 and all of our valued
partners," said Meyerowitz. "We are excited to bring our passion and
experience to eOne. We are proud of the strong foundation that we have built
over the last five years and look forward to broadening our business through
eOne's expanded portfolio."
Meyerowitz and Phase 4's leadership team of Sean Monson and David
Richardson have signed long-term contracts to remain with eOne.
eOne's Television and Music businesses remain unchanged by the
About Entertainment One
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, 2,800 hours of television programming and
45,000 music tracks.
About Phase 4 Films
Phase 4 Films is one of the leading full service independent studios. With
offices in ten cities in the U.S. and Canada, the company provides a full range
of services relating to the sales, marketing, licensing and distribution of
feature films, television and special interest content across all media in the
North American market. kaboom! Entertainment is its dedicated kids & family
label and is one of the most recognizable brands in the children's and
family market. Phase 4 Films is an authorized Telefilm theatrical distributor
and is also eligible to distribute Canadian Media Funded programming worldwide.
FOR FURTHER INFORMATION PLEASE CONTACT:
INDUSTRY: Media and Entertainment - Art
-0- Jun/02/2014 06:00 GMT
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