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FT Opening Quote: Profits take a hit at Entertainment One

Summary:
Profits take a hit at Entertainment One. FT Opening Quote is your early Square Mile briefing. You can sign up for the full newsletter here. Efforts to strengthen Entertainment One’s film division will hit its full-year profits by almost £50m, the company announced today, after it renegotiated one of its main distribution agreements, writes FastFT.Entertainment One is best known for producing television programmes such as Peppa Pig, but has been working to reduce its reliance on the popular cartoon through investments in film production and distribution.Today the company said it has terminated one of its contracts and replaced it with a new distribution agreement. It said the new agreement will increase its underlying profitability and cash flow, but will require a one-time payment of m

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Profits take a hit at Entertainment One. FT Opening Quote is your early Square Mile...

Siona Jenkins
Former Cairene; FT Middle east news editor. Views my own.

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