eOne Posts Full-Year Revenue Gains

TORONTO/LONDON: The acquisition of Alliance Films earlier this year helped boost Entertainment One’s financial results for the year ended March 31, 2013, with revenues up 25 percent to £629.1 million ($994.2 million).

Overall film revenues were £518 million ($784.3 million), while television revenues were £133.4 million ($202 million). The group reported an underlying EBITDA of £62.5 million ($98.8 million), reflecting a 19-percent increase on the year-ago period. Profit before tax was up 25 percent to £53.8 million.

The company’s president and CEO, Darren Throop, said the set of financials "clearly demonstrates the strength of our strategy of investing in world-class content and exploiting our distribution rights on a multiterritory, multiplatform basis. The successful acquisition and integration of Alliance has been a particular highlight of the year."

The company released more than 200 theatrical films over the year, and delivered 295 half-hours of TV programming. The company says it invested £175 million ($264.6 million) in content over the fiscal year, 29-percent higher than last year, which drove a 25-percent bump in revenues. Another highlight was that digital sales increased by 36 percent year-on-year to £90 million ($136.1 million).