The Group reported revenue of $1,303m, up 30% on 2013, and underlying EBITDA up 48% on 2013 at $147m.
Entertainment One Ltd. has announced its annual financial results for the year ending March 31, 2014.
eOne reported revenue of $1,303m, up 30% fron 2013, and underlying EBITDA up 48% on last year at $147m.
“It has been another very positive year for Entertainment One and I am delighted to report a year of growth and higher margins. This strong operating performance again demonstrates the strength of our strategy of investing in content rights and exploiting them across multiple territories and multiple consumer platforms,” commented Darren Throop, president & CEO, Entertainment One.
“The Company’s entry into the FTSE 250 and the payment of an inaugural dividend mark another milestone in eOne’s development and continues our track record of delivering an improved return on investment for our shareholders.”
Across its six core territories, the Company released over 275 films theatrically, up on 2013’s 214 releases, including the likes of The Hunger Games: Catching Fire, Divergent, 12 Years a Slave and Prisoners. The division has a strong future slate in place with the likes of The Hunger Games: Mockingjay - Part 1, Paddington and The Expendables 3.
The film business also delivered improved margins as a result of the realisation of Alliance Films synergies following the company’s acquisition on Jan 8, 2013.