eOne Buys Alliance Films

TORONTO: Entertainment One (eOne) has entered into an agreement to acquire Alliance Films from affiliates of GS Capital Partners and Investissement Québec for C$225 million ($229 million).

The move is intended to strengthen eOne’s existing film distribution business and also help drive growth. The Alliance slate includes Looper, as well as Place Beyond the Pines, Hyde Park on the Hudson, Dredd, Anna Karenina, Seven Psychopaths, Silver Linings Playbook, Quartet, Lords of Salem, The Bay, Antiviral, Foxfire, Inescapable and Laurence Anyways.

“eOne and Alliance Films share similar values. We both have a strong commitment to supporting film, culture and talent in Canada and in each of our territories,” said Victor Loewy, the chairman and CEO of Alliance Films. “We also have passion for this business. Joining the eOne family will provide our dedicated teams and partners more opportunities to work with great films and film makers from around the globe.”