Entertainment One Acquires Alliance Films7 Sep, 2012 By: Chris Tribbey
Entertainment One (eOne) confirmed Sept. 7 it’s buying fellow Canadian company Alliance Films for approximately $230 million, an acquisition that marks eOne as one of the largest independent distributors in international markets.
Darren Throop, eOne president and CEO, told Home Media Magazine the acquisition will bring eOne’s international TV and film catalog up from approximately 24,000 to approximately 35,000.
“It certainly is a big deal for us, a very important acquisition,” he said. “Alliance has a wonderful business, and in conjunction with eOne [we have] a stronger offering for both our customers and our producing partners.”
For domestic home entertainment, Throop said eOne would be “mindful of shelf space [and] consumer spending habits. … But this combined library gives us so many opportunities to do some pretty interesting things at retail.”
The acquisition hinges on Canadian Competition Bureau approval, eOne noted. If approved, the acquisition will give eOne strong footing in both U.K. and Canadian markets, Throop said.
“As a result of the acquisition, eOne will be a more competitive business in each of the geographic markets that we serve, allowing us to act as a more valuable partner for content producers and expanding the quality and depth of the content that we offer to our customers,” Throop said.
“eOne and Alliance Films share similar values,” said Victor Loewy, chairman and CEO of Alliance Films, in a press release. “We both have a strong commitment to supporting film, culture and talent in Canada and in each of our territories. 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.”