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Peppa Pig lifts eOne as film investments hit profits

Entertainment One posted higher sales across its divisions, but theatrical costs weighed on earnings
Peppa Pig lifts eOne as film investments hit profits

Sales grew across the board at Entertainment One (ETO) in the reported period, but higher theatrical costs drove the film-and-TV producer and distributor's underlying cash profits down 28 per cent to £38m. Yet management stood by its full-year expectations, as it expects a strong second-half showing from blockbusters such as Girl on the Train.

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The BFG, Bad Moms and other theatrical releases boosted box-office takings by more than half to $152m (£122m). But higher marketing and distribution costs meant the film division swung from an underlying cash profit of £12.9m to a loss of £2.3m. Investments in acquired movies more than tripled to about £98m.

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