Entertainment One complete Alliance Films acquisition
UK-based entertainment products group, Entertainment One Ltd (eOne), has completed its purchase of independent Canadian film distributor, Alliance Films.
Clearance has been given by the Canadian Competition Bureau, and the board of eOne now believes the move will establish the combined companies as the largest independent film distributor in each each of the Canadian and UK markets.
Alliance’s 35,000 strong film library includes commercially successful titles such as Pulp Fiction, Good Will Hunting and Lord of the Rings.
Darren Throop, chief executive of eOne, said: “We are delighted to have completed the acquisition of Alliance. We now look forward to driving the Company forward and representing the very best in independent film across all of our markets.
“This acquisition represents a key strategic milestone for the Company. It further strengthens our platform, enabling us to grow across all of our Film, Television and Family businesses, as well as improving the quality of content we represent.
“We are now in a better position than ever to continue to create value for our shareholders and I look forward to the opportunities that the acquisition will bring.”