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Business News

Peppa, the cartoon pig, set to bring home the bacon

The company behind the cartoon series Peppa Pig and movie franchise The Hunger Games will soon be ready to pay a maiden dividend as it gears up for a premium listing in London and possible entry to the FTSE 250.

Entertainment One's sales jumped 25 per cent to £629.1m in the year to March as it received a lift from the acquisition of Alliance Films. Digital sales at the AIM-listed Entertainment One, which produces and licenses TV shows and films, rose 36 per cent to £90m, more than offsetting a fall in sales of physical DVDs.

Subscription video on demand is "still in its infancy", said the chief executive, Darren Throop, and there should be "significant upside". Pre-tax profits fell by more than 75 per cent to £5.5m as the group ran up exceptional costs on Alliance and set aside money for executive bonuses. There was also a £1.6m charge related to the collapse of HMV and Blockbuster.