Entertainment One
Canadian entertainment company / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Audium Entertainment?
Summarize this article for a 10 year old
Lionsgate Canada, formerly known as Entertainment One (commonly abbreviated as eOne) is a Canadian entertainment company and a subsidiary of Lionsgate Studios Corp.. Based in Toronto, Ontario, the company is primarily involved in the acquisition and production of films and television series.
Lionsgate Canada | |
Formerly |
|
Company type | Subsidiary |
LSE: ETO | |
Industry | Entertainment |
Predecessors |
|
Founded | 1970; 54 years ago (1970) |
Founder |
|
Headquarters | , Canada |
Area served | Canada |
Key people | |
Products |
|
Revenue | £941.2 million (2019)[1] |
Parent |
|
Subsidiaries |
|
Website | https://www.lionsgate.com/canada |
The company originated as the Canadian music distributor Records on Wheels Limited; after it was acquired by music retailer CD Plus, the company became ROW Entertainment, with its vice president of operations Darren Throop becoming president and CEO. It later acquired U.S. music and home entertainment distributor Koch Entertainment. By 2007, the company—now known as Entertainment One—had begun to acquire other production companies and film distributors, including Canadian distributors Les Films Séville and Alliance Films. By 2015, eOne had begun to expand its U.S. operations, including investing in Amblin Partners, and acquiring a stake in The Mark Gordon Company.
In 2019, eOne was acquired by U.S. toy and entertainment company Hasbro for US$4 billion. The company saw cutbacks under Hasbro, which sold eOne's original music distribution business (now MNRK Music Group) to Blackstone in 2021, and closed its theatrical distribution operations in Australia, Canada, Spain, and the United Kingdom in 2022 and 2023. These cutbacks were part of a planned sale of entertainment assets not strongly tied to eOne's children's entertainment brands, such as Peppa Pig; which would be folded into Hasbro's intellectual property and merchandising business following the acquisition. In August 2023, Hasbro announced that it would sell eOne's assets to Lionsgate (another Canadian-founded business) for $500 million; The deal closed on December 27, 2023.[3][4]
Since the acquisition, eOne was restructured majorly, with the main division becoming eOne Canada, then Lionsgate Canada, eOne Films being placed under Lionsgate Films and eOne Television merging into Lionsgate Alternative Television.[5][6][7]