|Formerly called||Records on Wheels Limited
ROW Entertainment Income Fund
Entertainment One Income Fund
|Traded as||LSE: ETO|
|Key people||James Corsellis
(Chief Executive Officer)
|Revenue||£819.6 million (2014)|
|Operating income||£92.3 million (2014)|
|Net income||£19.7 million (2014)|
|Owners||Marwyn Value Investors LLP
(A unit of Marwyn Investment Management) (27.1%)
M&G Investment Management (9.3%)
Capital Group Companies (6.1%)
(remaining 53.9% ownership interest is publicly traded)
Entertainment One Ltd., also known as eOne, is an international entertainment corporation operating in Canada, the U.S., the UK, Ireland, Australia, New Zealand, Benelux, Spain, France, Germany, Scandinavia, South Africa, and South Korea. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
eOne began operations in 1973 in Ontario, Canada, as Records on Wheels (ROW) Limited, founded and operated by Vito Ierullo and Don Ierullo, focusing on retail sales of recorded music. In the late 1970s, ROW, Ltd. began to distribute recorded music for third-party retailers in Canada. For more than 20 years, entertainment content distribution became the company’s primary focus as the company expanded into video, purchasing one of Canada’s largest home entertainment distributors, Video One Canada, Ltd., from its then-parent, Standard Broadcasting Corporation Ltd. In November 2003, the company listed on the Toronto Stock Exchange as ROW Entertainment Income Fund. It changed its name to Entertainment One Income Fund. The role of Chief Executive Officer of Entertainment One Income Fund was given to the current CEO of eOne by Vito Ierullo, the President of the company.
In June 2005, Entertainment One Income Fund acquired Koch Entertainment, North America’s largest independent music label and a large U.S. distributor of home-entertainment products. The combined company, renamed Entertainment One, had a comprehensive U.S.-Canadian distribution network and began acquiring rights for specialty content. In 2007, in a move to fund expansion into independent, feature-film distribution and rights ownership, eOne's investors accepted a private equity takeover by a unit of UK-based Marwyn Investment Management valued at $188 million and listed on London’s Alternative Investment Market.
In 2007, the firm acquired Montreal-based film distributor Seville Pictures and UK distributor Contender Entertainment. The same year, the company secured its first film output agreement with Summit Entertainment – a deal which included the future cinematic and home-video Twilight film series (a teen romance about vampires based on a best-selling book of the same name). Acquisitions continued in 2008 with the purchase of the Benelux distributor RCV Entertainment. The same year, eOne created its television arm, purchasing production companies Blueprint and Barna-Alper and international television distributor Oasis International.
On January 9, 2013, the firm completed the transaction of Alliance Films for $225 million. With this deal, eOne will distribute titles from The Weinstein Company and Lionsgate Films as well as Summit Entertainment, and Focus Features in Canada.
On June 2, 2014, the firm acquired Phase 4 Films. As part of the deal, eOne has placed Phase 4 president and CEO Berry Meyerowitz at the helm of its U.S. film and distribution business. Sean Monson and David Richardson are also joining eOne from Phase 4. The deal also includes kaboom! Entertainment, Phase 4’s dedicated kids and family label.
On August 28, 2014, the firm acquired Vancouver-based Force Four Entertainment, The deal on an existing relationship between the two companies, Force Four partners Rob Bromley, John Richie and Gillian Lowrey will all join the firm as part of the deal. Bromley oversees the business side of Force Four’s slate, while Richie specializes in broadcaster liaisons and creative management and Lowrey is in charge of finance and business affairs.
eOne Films acquires film content rights and distributes these across multiple territories including Canada, the UK, the Benelux and the United States. Distribution channels include theatrical distribution, home entertainment through DVD/Blu-ray rental and retail, television, and digital downloading service.
eOne Television is a television content business with production, international sales, licensing and merchandising capabilities in Canada and the UK. In Canada, it sells and distributes both its own productions and third party catalogues to over 500 broadcasters in 150 countries, including the major U.S. networks, Canadian broadcasters and international pay TV providers. With offices in Toronto, LA and London, it is involved in the creation, production and international distribution of TV content across all genres. eOne has recently made deals with major broadcasters in the U.S. and around the world with series such as Hung for HBO, The Firm on NBC, Mary Mary on WeTV, The Bridge, currently airing on CTV, Rookie Blue currently airing on ABC and Global, Haven currently airing on Syfy, and Hell on Wheels currently airing on AMC.
Based in New York City, eOne Music, formerly E1 Music/Koch Records, is generally regarded as the largest independent music label in North America. Since its inception as Koch Records, eOne Music has charted over 100 albums on Billboard's Independent Chart, surpassing the number of titles charted by all other U.S. independent labels and was the number one independent label according to Billboard for four consecutive years. The music division covers all musical genres from adult-contemporary to rock, urban to country, children's to classical.
In the UK, eOne Family (formerly E1 Kids) creates, produces and distributes children’s entertainment with partners including Nick Jr and Channel 5, in 190 territories including the U.S., Scandinavia, France and Germany. eOne Family’s Peppa Pig franchise is one on the most popular pre-school brands in the UK, surpassing over £100 million in retail sales in the 2009 financial period.
eOne Distribution division delivers, through both physical and digital channels, eOne’s own and third party content to over 3,000 retail partners through its networks across Canada and the U.S. The division provides distribution services to a wide range of content producers, including the major Hollywood studios.
The division manufactures several independent and major studios home media releases in Canada where they operate as Vidéoglobe1, including: Anchor Bay Entertainment, 20th Century Fox, Universal Studios Home Entertainment, VVS Films, Disney, Paramount Pictures, Warner Bros. Home Entertainment, Phase 4 Films and Sony Pictures.
In the United States, they operate as eOne Distribution US and manufacturers titles for their own studio as well as the Cohen Media Group.
Through various deals and terms, eOne has a distribution deal with the following companies, whether in full or in part:
- CBS Films
- Exclusive Media
(all titles except End of Watch, released by VVS Films)
- FilmNation Entertainment
(most titles, limited released by VVS Films)
- Universal Pictures (some releases)
- IM Global
(most titles, limited released by VVS Films)
- Lakeshore Entertainment
- Relativity Media
- The Weinstein Company
- Wrekin Hill Entertainment
- A+E Networks
- AMC Networks
- Australian Broadcasting Corporation
- Bell Media
- Blue Ant Media
- Canadian Broadcasting Corporation
- CBS Corporation
- Channel 4
- Corus Entertainment
- Discovery Communications
- Disney Media Networks
- El Rey Network
- Fox Entertainment Group
- Hallmark Channel
- Hoodwink Entertainment
- Time Warner
- Knightscove Entertainment
- Out of Africa Entertainment
- Rogers Media
- Scripps Networks Interactive
- Shaw Media
- Super Channel
- TM International
- Up TV