Gordon and eOne more recently rejigged their relationship, with the veteran Hollywood producer shifting to production after serving as president and chief content officer for film, television and digital, leading all creative units. Hasbro also expects substantial revenue and cost benefits from the combination.
We look at four reasons why the acquisition makes sense below. What we see is an expansion of our opportunity with Paramount but also to develop IP that isn't part of our priority productions," Goldner explained. eOne has a substantial TV library along with theatrical distribution in Canada, the U.K., Benelux and Australia, even as the indie distributor has done fewer and more higher-profile releases in recent years.
eOne, the subject of periodic takeover speculation in recent years, has recently shaped its business around Designated Survivor producer Mark Gordon and eOne Television; the family unit, driven by its Peppa Pig and PJ Masks franchises; international sales and production operation Sierra/Affinity; partnership in Amblin Partners with Steven Spielberg, Participant Media and Reliance Entertainment; and Brad Weston's film and TV producer Makeready.
The Canadian company in 2016 rejected an earlier takeover bid from U.K. TV group ITV worth $1.3 billion.
It could also strike licensing deals with Netflix, Amazon, Apple, Disney, and other companies hungry for content. Hasbro forecasts in-sourcing and cost synergies of around $130 million by 2022, in part by bringing eOne's toy business in-house and moving "underutilized" Hasbro content to be developed by its Canadian-based partner. The deal, unveiled Thursday after the market close, hands Hasbro eOne's Peppa Pig and PJ Masks kids series and other top properties like Nickelodeon's Ricky Zoom. Hasbro will use debt financing and a $1 billion to $1.25 billion equity offering to fund the takeover of eOne, which trades on the London Stock Exchange. That looks lofty at first glance, but Disney's recent success at the box office, Netflix and Spotify's continued gains, and Apple's aggressive investments in original TV shows and movies underline the entertainment industry's rich growth potential. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Armed with that media stockpile and Entertainment One's expertise in production and distribution, Hasbro could easily roll out a streaming service and develop original shows and movies showcasing its brands, fueling demand for its toys and games. Hasbro has agreed to buy Entertainment One in a $4 billion deal. Joe, touted the acquisition for accelerating his company's "brand blueprint strategy" by adding eOne's family brands and film and TV expertise. The exec said that partnership would continue, and eOne would be used to develop non-core IP that is not part of the long-term deal that has Paramount and Hasbro jointly financing projects and the Hollywood studio distributing content worldwide. The deal, unveiled Thursday after the market close, hands Hasbro eOne's Peppa Pig … It also predicts the tie-up will boost EPS by roughly 14% to 19% after three years. Hasbro is poised to become a bigger player in entertainment now that the toy giant has completed its acquisition of Entertainment One. by Toymaker Hasbro Inc. will buy Entertainment One Ltd., the Toronto-based owner of the popular animated series, for about $4 billion — its biggest … Commerce Policy | Etan Vlessing The media group's content library, which includes about 80,000 hours of movies and TV shows and about 40,000 music tracks, was last valued at $2 billion. Under the terms of deal, eOne shareholders will receive $6.80 in cash for each common share, which Hasbro said represents a 31 percent premium to its 30-day average price. Meanwhile, Hasbro's sales are predicted to climb 9% this year then 4% in 2020. EMAIL ME. Toy maker Hasbro has acquired Canadian studio Entertainment One as part of a $4 billion all-cash transaction. Hasbro has acquired Entertainment One for $4 billion, a deal that comes with Peppa Pig and lots of other assets. Hasbro has agreed to buy Entertainment One in a $4 billion deal. Terms of Use | Buying Entertainment One will add children's cartoon franchises such as Peppa Pig and PJ Masks - which generated $2.5 billion in retail sales last year - to the mix. ». Hasbro, known for its toy-to-film properties like Transformers and G.I. "Hasbro's portfolio of integrated toy, game and consumer products will further fuel the tremendous success we've achieved at eOne," Throop added. It anticipates $130 million in annual synergies by 2022, partly from moving a chunk of Entertainment One's toy business in house and squeezing higher profits from its licensing and merchandising business. The Hollywood Reporter, LLC is a subsidiary of Prometheus Global Media, LLC. "Our partnership with Paramount is fantastic. Toy maker Hasbro has acquired Canadian studio Entertainment One as part of a $4 billion all-cash transaction. The toymaker counts Monopoly, Transformers, Nerf, and My Little Pony among its brands.
Toymaker Hasbro is acquiring studio Entertainment One in an all-cash transaction valued at $4 billion, bringing My Little Pony and Nerf under the same umbrella as “ Peppa Pig … Buying Entertainment One will give Hasbro access to a vast amount of content.
Hasbro's takeover of Entertainment One should strengthen its brand portfolio. The tie-up should boost Hasbro's revenues and profits.
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Hasbro, Inc.(NASDAQ: HAS) today announced that it has completed its previously announced acquisition of Entertainment One Ltd.(eOne), adding beloved global brands and expanding storytelling through immersive entertainment experiences. 1:39 PM PDT 8/22/2019 The toy giant's takeover of the "Green Book" and "The Hunger Games" distributor promises to bolster its brand portfolio, accelerate its growth, and give it access to a $2 billion content library. Its sales are forecast to rise by more than 10% this financial year and next. All rights reserved. Sitemap | The toymaker expects the deal to lift adjusted earnings per share in the year it closes, excluding transaction costs and other one-off expenses. FACEBOOK Meet the voice of Peppa Pig US toy maker Hasbro will acquire Peppa Pig owner Entertainment One for around £3.3bn ($4bn), the firms said in a statement. Entertainment One's operating income jumped 14% in the year to March 2018 and 11% last financial year. eOne's Peppa Pig and PJ Masks properties already have licensing and merchandise partners, and Goldner said Hasbro by 2021 would be clear to bring those preschool brands in house and fully exploit them in the market. Subject to eOne shareholder and regulatory approvals, Hasbro expects its takeover deal to close by the end of 2019. Hasbro's offer of £5.60 ($6.84) per share represents a 31% premium to Entertainment One's average share price over the past month, reflecting the media group's future growth potential.
© 2020 The Hollywood Reporter It also recently signed a multi-year deal with producer Mark Gordon, whose credits include Grey's Anatomy, Steve Jobs, and War Dogs. Hasbro … Disclaimer | Hasbro earlier in a statement said "top eOne executives have agreed to join the Hasbro team," without identifying who they might be. Privacy | | Cookie Settings. Global organization, with presence in London, Los Angeles, Toronto, New York, Hong Kong, Melbourne and Shanghai. The deal will also give Hasbro new ways to reach audiences, and talented TV and film executives to bring its brands to life. The bid is about 22 times the media group's forecast EPS for this financial year. Profits are a similar story. All rights reserved. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). "Along with our leadership team, I look forward to working with Hasbro on our joint growth and success for many years to come," eOne CEO Darren Throop, who will continue to lead the indie studio, said in his own statement. ITV's abandoned acquisition of eOne, like the proposed deal with Hasbro, aimed to strengthen the suitor's international reach and establish a major foothold in film distribution and production. Entertainment One is growing quickly. Stock quotes by finanzen.net.
Hasbro's proposed deal for eOne has been unanimously approved by the respective board of directors of both companies. Top eOne executives have agreed to join the Hasbro team. eOne’s seasoned entertainment executives with deep talent relationships and creative drive will further strengthen Hasbro’s talented team. The price looks fair as well. Entertainment One boasts a network of film distributors (Sierra/Affinity), TV producers (Whizz Kid Entertainment), live entertainment groups (Round Room Entertainment), and music labels (Dualtone Music Group). In contrast, Hasbro's operating income dipped 1% in 2017 then plunged 26% in 2018, as the bankruptcy of key customer Toys R Us took a heavy toll. TWITTER
Here's how the company grew to be the second-largest theater chain in the country. On an analyst call, Goldner was asked about the existing agreement Hasbro has with Paramount Pictures to produce and distribute content based on Hasbro brands and original concepts. Paramount and Hasbro also collaborate on TV projects.
"The acquisition of eOne adds beloved story-led global family brands that deliver strong operating returns to Hasbro’s portfolio and provides a pipeline of new brand creation driven by family-oriented storytelling, which will now include Hasbro’s IP,” said Brian Goldner, Hasbro chairman and CEO in a statement.
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