Entertainment One is buoyant
Tuesday 13 November 2012
DVD sales are on the slide and marketing costs are soaring, but the company behind Peppa Pig still thinks the future is bright.
Entertainment One, which also distributes the Twilight franchise, says the animated pig is taking off in America and a takeover due to complete shortly will help grow the business. Profits for the half-year slumped by £10m to £8.8m, though revenues were up by nearly £16m to £220.5m. That disconnect is due to the expense of plugging new ventures such as Looper and The Sweeney.
The Toronto-based firm also said its proposed takeover of rival Alliance Films is on course to close in early 2013, subject to Canadian Competition Bureau approval. Its chief executive, Darren Throop, said: "The business is continuing to grow with Peppa Pig thriving in the US and internationally."
The higher entertainment revenue offset a continuing decline in the company's legacy distribution business on lower sales of DVDs. Its film releases in the second half of the year include The Twilight Saga: Breaking Dawn – Part 2, pictured, Nativity 2, and Bullet to the Head.
- 1 The truth about 'girl things': Three cheers for Heather Watson's honesty
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Tennis fan suing Australian Open organisers for 'failing to shade spectators' during Murray match
- 5 Men behaving badly: Urinating while standing, 'manspreading' and the gendering of selfishness
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Rob Lowe hits out at White House decision not to meet Israeli leader
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign
Winston Churchill: From accusations of anti-Semitism to the blunt refusal that led to the deaths of millions
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
iJobs Money & Business
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...
£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...
£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...
£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...