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Entertainment One seals dream deal

TIP UPDATE: Distribution deal confirmed with Steven Spielberg's studios
September 18, 2012

Film and television distributor Entertainment One has followed up last week's announcement of the acquisition of Canadian distributor, Alliance Films, with a flagship distribution deal with top US film studio, Dreamworks.

IC TIP: Buy at 174p

The deal with Steven Spielberg's Dreamworks studio gives Entertainment One exclusive rights to all of the studio's output in all media for the next four years across the UK and Benelux countries. Analysts have not yet factored this deal into their forecasts - indeed, they are waiting for the Alliance deal to complete before reworking their estimates. Nonetheless, the Dreamworks deal confirms Entertainment One's growing status as a distributor, and should deliver some high profile films over the coming years.