Entertainment One Share Discussion Threads

[1gw] 05/4/2017 11:39

Noticeable tick up in average shares on loan for March, reported by Euroclear.

11.0m Sep'16
13.7m Oct
13.3m Nov
14.3m Dec
14.8m Jan'17
14.5m Feb
16.8m Mar

[werty5] 02/4/2017 09:34

Still reckon Netflix might have a pop of a takeover bid.

[masurenguy] 02/4/2017 08:21

Looks like bid speculation could be starting up again !

"Will a takeover bid come back on the table for Entertainment One, owner of Peppa Pig? As any parent of a toddler knows, the cheeky swine obsessed with muddy puddles is as popular as ever. And now she is coming to a big screen near you with an hour-long cinematic debut. The brand is worth $1.3bn a year in merchandising alone, with 50m Peppa toys sold globally." Prufrock, The Sunday Times, 2 April 2017



Peppa: billion dollar pig

Today the Peppa brand is worth $1.3bn in retail annually: 50m toys and 30m books have been sold worldwide and 6m people have visited Peppa Pig World, a part of Paultons Family Theme Park in Hampshire, featuring Peppa rides, since it opened in 2011. The show has been broadcast in 180 territories and translated into more than 40 languages......In 2015, Entertainment One upped its stake in ABD, from 50% to 70%, and increased its share of the royalties from sales and merchandise to 85%.

Complete article:

[2bluelynn] 31/3/2017 20:33

This is quiet funny https://m.youtube.com/watch?v=2kcJC1MFbwE

[masurenguy] 31/3/2017 17:00

Peppa Pig breaks America with £160m sales boost for Entertainment One

Sales of Peppa Pig-related merchandise in US retail stores such as Target topped $200m (£160m) last year, EOne said. It did not disclose a figure for the prior year, although in its half-year results in November it said the brand had recorded a 275% rise in US revenue compared to the same period a year ago - suggesting 2015 revenues were in the region of $53m. It now has 65 licensing partners in the US, where the series is broadcast seven days a week on the Nick Jr channel, as it looks to broaden the appeal of the hit cartoon overseas.

Complete article:

[masurenguy] 31/3/2017 08:34

ETO is a FTSE 250 stock.

[salpara111] 31/3/2017 08:20

Saying that revenues and EBIT are up is hardly surprising given the large acquisitions made in the last year.
It is good to see that film has improved as expected.
My concern all along has been their ability to generate lots of cash and clean after tax profits and this statement does not make it very clear.
I am inclined to take a stake but perhaps a bit smaller than my normal for a FTSE 350 stock.

[deanowls] 31/3/2017 08:17

Any cash though?

[deanowls] 31/3/2017 08:16

Any cash though?

[werty5] 31/3/2017 08:02

Happy with that update all looking good for the year.

[1gw] 31/3/2017 07:58

The end-year net debt guidance is a bit higher than that given with the interims but in general a very reassuring update I think.

[masurenguy] 31/3/2017 07:54

Looking good !

Trading update: 31.3.2017

Strong trading performance in line with management expectations

Entertainment One Ltd. provides the following trading update on the Group's performance for the year to 31 March 2017.

Highlights

-- Strong growth in Group reported revenue
-- Underlying EBITDA grew strongly
-- Strong growth in Television and Family and an improved second half performance in Film
-- Year-end adjusted net debt is anticipated to be around 1.2x - 1.3x underlying EBITDA -- Performance for the year has been in line with management expectations, consistent with trends highlighted at the interim results on 22 November 2016

Television momentum continues as industry trends support growth

Reported revenues in the full year have shown significant growth, having almost doubled against the previous year, with underlying EBITDA anticipated to be materially ahead of the previous year. This revenue performance was driven by a solid scripted production delivery pipeline from eOne Television (new series ICE, Ransom, Mary Kills People and Cardinal; new seasons of You Me Her, Private Eyes, Saving Hope and Rogue). Pre-production continues on Sharp Objects, starring Amy Adams, Patricia Clarkson and Chris Messina with full production commencing shortly. Total half hours of acquired and produced content is anticipated to be around 1,000 for the year, with a smaller than anticipated number of lower revenue unscripted half hours delivered.

The Mark Gordon Company ('MGC') has generated a significant increase in revenues, benefiting from the global success of Designated Survivor. Very strong audience ratings on ABC in the US and CTV in Canada have provided a positive backdrop for discussions for a second series, which are currently under way. Netflix remains the global distribution partner for the show in international markets outside North America. MGC also has a strong film slate, with Molly's Game, Murder on the Orient Express and The Nutcracker and the Four Realms all currently in production. Development projects include Chronicles of Narnia: The Silver Chair and Cowboy Ninja Viking.

Family goes from strength to strength

The strong performance over the first six months has continued into the second half and reported revenues for the year are anticipated to be at least 25% higher than the prior year, with a similar trend in underlying EBITDA. Following the successful wide licensing program launch of Peppa Pig in the US ahead of the Christmas period, key retailers such as Target have been broadening the product ranges available in-store. Peppa Pig retail revenues in the US totalled over US$200m in 2016, supported by over 65 licensing partners.

After the US broadcast launch of PJ Masks in September 2015, the show has now been rolled out to over 85 territories across the global Disney Junior network. The licensing programme for the brand started in September 2016 in the US followed by the UK, France and Spain in February 2017, with a staged introduction across more territories to follow during the course of the next 12 months. Although at an early stage, the retail performance of the brand has been ahead of expectations and momentum remains strong, supported by strong support from retailers such as Toys 'R' Us across multiple territories.

Across the Family brands, there are now over 1,000 live licensing and merchandising contracts globally.

Film delivers an improved second half performance

As anticipated, the rebound in box office revenues experienced in the first half of the financial year continued into the second half, driven by a strong release slate including The Girl on The Train, Arrival, La La Land, Jackie and Lion. The Group expects the release of 170 titles across its territories during the financial year, with box office revenues for the year up by over 25% on the prior year. This strong performance has generated improved revenues in the ancillary release windows for the full year and beyond.

As signalled in the interim results announcement on 22 November 2016, the current financial year did see a more significant first half weighting in costs for the Film business, driven by the timing of P&A associated with high profile theatrical releases during the period. In the second half, against the challenging headwinds previously identified, the Film business experienced a significant improvement in profitability as those same films benefitted from strength in ancillary windows. As a result, the Group anticipates that full year underlying EBITDA will be in line with that of the prior year.

The distribution pipeline for the new financial year includes Luc Besson's Valerian and the City of a Thousand Planets, Steven Spielberg's The Post starring Tom Hanks and Meryl Streep, the Aaron Sorkin written and directed Molly's Game starring Jessica Chastain and Idris Elba and produced through MGC and George Clooney's Suburbicon.

Darren Throop, Chief Executive, commented:"The Group has had a good year, with strong performance in both Television and Family and major progress on the reshaping of the Film business. Management anticipates that the Group will deliver a full year performance in line with expectations as it continues to deliver against its stated strategy of increasing the quality and value of its library of content."

The Group expects to announce its results for the twelve months to 31 March 2017 on 23 May 2017.

[steptoes yard] 29/3/2017 21:10

Ichimogadishu is ichimoku after the predictive iPad rollocks was priced in. Apologies, been off the radar for a couple of weeks.

[neilsy] 28/3/2017 08:37

I didnt notice the new Peppa Pig film has already been released in Australia, has taken just over £1m so far.

"eOne’s Peppa Pig My First Cinema Experience: Peppa’s Australian Holiday, in its second week of release, took $307,655. The children's film has made $1.7 million so far."

[1gw] 27/3/2017 16:27

"Pre-close" TU on the calendar now for 31st March.

[robbiereliable] 23/3/2017 10:03

As for talk of the acquisition, i see it as win win. If ETO fail in their bid then the share price will bounce back. If ETO are successful then it makes them an even bigger target for takeover. Funny how ITV are interested in the same business ETO are!!!

[robbiereliable] 23/3/2017 07:12

Because night time is the right time to fight crime! You can't write this stuff... Oh hang on!

[fozzyb] 22/3/2017 21:39

The pj masks potential is not fully understood and thus factored in yet, this truly will be everywhere over next 12-24 months, first merchandise now available in stores. I wouldn't even contemplate selling any shares below 400p

[1gw] 22/3/2017 09:27

I've bought some more at just under 221p. Still expecting them to follow through on the potential they showed in the 1H report, and definitely not hoping for another chunky acquisition.

[salpara111] 17/3/2017 09:24

I don't think that another acquisition would go down well at the moment.
They need to focus on generating cash and clean after tax profits first.

[2bluelynn] 16/3/2017 20:55

A TV company behind shows such as Question Time and Crufts is up for sale for £300 million.It is understood the Welsh-based Tinopolis, which also produces BT's Premier League and Champions League football coverage, wants to find a new owner.The Guardian has reported that Tinopolis has circulated a memorandum to media owners and private equity firms that says it is considering a sale.Potential bidders are thought to include ITV, Peppa Pig creator Entertainment One and investors MSD Capital.Tinopolis, founded in 1990, also owns sports production business Sunset + Vine.The firm could not be reached for comment.

[salpara111] 16/3/2017 11:59

Very keen to hear what they have to say at the end of the month.
As long at they indicate that cash and profits are going to start flowing in this year I will be back in.

[werty5] 15/3/2017 20:45

Netflix has hired Scott Stuber to head up its movie division. Could he make a play for Entertainment one?

[deanowls] 13/3/2017 05:06

It's the pokemon way of investing.

Gotta catch em all!