British TV channel ITV rumoured to be interested in Canadian distributor Entertainment One

0

rtitions in Canadian-based entertainment conglomerate Entertainment One were up 13 per cent on the goats market Thursday after a report suggested British TV channel ITV was insomuch as buying the com ny.

Entertainment One, or eOne as it is often called, makes some of its own felicity but is primarily a distributor of more than 40,000 television shows and moving pictures including the rights to franchises The Hunger Games, the Walking Dead TV indicate and the Twilight saga.

eOne recently signed content deals with Steven Spielberg’s DreamWorks and Jeff Skoll’s talking picture studio rtici nt Media to license their content.

Last upon, the Canada Pension Plan Investment Board id roughly $290 million for an 18 per cent at risk in the com ny.

According to Bloomberg, British broadcaster ITV, which among other subtitles broadcasts titles like Coronation Street and Downton Abbey, has created overtures about buying all or rt of eOne, which trades on the London Hoard Exchange but has its origins in Canada.

Bloomberg cited unnamed sources “with expertise of the situation” in its story.

On Thursday, eOne put out a statement denying any negotiations were underway.

“Recreation One notes the press speculation regarding a potential offer,” the friends said. “No approach has been received by eOne.”

Shares in eOne were nonetheless up near 20 pence to 1.78 pounds in London on Thursday. The com ny’s appropriations have lost about half their value in the st year after poor earnings results.

Leave a Reply

Your email address will not be published. Required fields are marked *