Entertainment One Expands Globally. Revenue Soars
Canadian entertainment media company Entertainment One (eOne) has expanded its global reach with the opening of new offices in Germany and Australia, Music Week reports.
The new offices build on from the company's established Canadian, UK and New York headquarters as the business looks to expand its international presence.
In addition to its German office, Entertainment One has entered into a marketing, promotion and physical distribution agreement for Europe with German indie SPV.
SPV will provide physical distribution services throughout the territory with strategic guidance from Entertainment One’s music leaders. Entertainment One will also handle digital distribution and marketing across Europe.
Commenting on the announcement, Chris Taylor, global president, music, Entertainment One, said: “Entertainment One is at the forefront of indie music companies; thinking globally, acting locally, and pushing digitally across all management, label and publishing divisions.
“With the combination of our worldwide digital footprint, our new, on the ground marketing and promotion teams and our new physical partner SPV, eOne now has the capabilities in Europe that are unmatched by any other North American based independent.”
The company is publicly traded on the London stock exchange and is involved in music licensing, publishing, distribution, and artist promotion. It also has a wide-reaching presence in film and TV content creation and distribution.
eOne’s full-year revenues to March 31, 2017, were up 40% year-on-year, to more than US$1.4 billion.
With eOne attempting to double in size in the five years between 2015 and 2020, the firm is planning on bringing the film and TV divisions together.
The film and TV sales units merged on April 1; earlier the company withdrew from selling and distributing CDs in North America to concentrate on the digital delivery in the two markets.