Entertainment One announces agreement to acquire Benelux distribution company RCV Entertainment


    TORONTO, ONTARIO AND LONDON, UK, Jan. 9 /CNW/ - Burgeoning worldwide
independent studio Entertainment One has agreed to acquire RCV Entertainment,
a leading independent Benelux film distributor and content owner with a
long-term, all-rights library of c.1900 titles, it was announced today by E1
CEO Darren Throop. The agreement marks E1's second acquisition into the
European market and follows the company's stated strategy to become the
world's leading independent filmed entertainment content ownership and
distribution business. RCV will be part of E1's Filmed Entertainment division
headed by President Patrice Theroux.
    The acquisition establishes Entertainment One as one of the world's
largest independent distributors by number of territories, with a strong
market position in three European territories and North America. With a
network of companies now covering the U.K., the U.S., Canada, Belgium and the
Netherlands, E1 is well positioned to acquire films, television and kids
programs across all territories and platforms and continue its expansion
through the strategic acquisition of distribution companies in other key
territories. E1 will also continue to aggressively pursue consolidation
opportunities in the territories it operates, through the acquisition of
libraries or the acquisition of competing companies, further leveraging its
existing network and capitalize on the resulting synergies.
    Darren Throop, CEO of the Company, said: "This deal represents another
significant step in our strategy, further enhancing our position as a leading
international film and entertainment content owner and distributor. Following
our acquisitions earlier in the year of Contender in the UK and Seville in
Canada, and our multi-territory distribution agreement with Summit
Entertainment, we have now established ourselves as a multi-territory
distributor of significant scale in the international market place. RCV is a
clear market leader in the Benelux and we at E1 are thrilled to have them on
the team"
    Founded in 1979, RCV Entertainment is a leading integrated distributor
for feature films in all media including theatrical, home entertainment,
television and new media, with a focus on acquiring titles from independent
U.S. producers alongside locally produced content. Key executives Jan
Kouwenhoven, CEO, and Joke Wartenbergh, COO, have signed long term employment
agreements to remain with RCV and run the business with their veteran staff.
    RCV released 37 new theatrical features in 2007, including Premonition,
Miss Potter, Resident Evil: Extinction, Run Fat Boy Run, Hairspray and The
Golden Compass. Upcoming films for 2008 include Bangkok Dangerous with Nicolas
Cage; The Eye starring Jessica Alba; Sleuth starring Michael Caine and Jude
Law; director Paul Haggis' In the Valley of Elah starring Tommy Lee Jones and
Charlise Theron; August Rush starring amongst others Jonathan Rhys Meyers,
Terrence Howard and Robin Williams; Rendition directed by Gavin Hood (Tsotsi)
and starring Meryl Streep and Jake Gyllenhaal; Penelope; Shine A Light, the
Rolling Stones concert film shot by Academy Award-winning director Martin
Scorsese; Defiance starring Daniel Craig and Liev Schreiber and directed by Ed
Zwick; director Fernando Meirelles' Blindness starring Julianne Moore and Gael
Garcia Bernal; and Miss Pettigrew Lives for a Day.
    E1 has also acquired the distribution rights to RCV's all rights library
of more than 1900 independent features, which accounted for more than 40% of
the company's 2006 revenue. With highlights including What Women Want, Sin
City, Perfume, La Vie en Rose, The Notebook, Blade and many other commercial
titles, RCV's library is a valuable addition to Entertainment One's worldwide
content inventory.
    "We are very thrilled to join this fast-growing, young, energetic company
with a straight forward no-nonsense mentality," stated
    Théroux concluded, "Jan and Joke are widely regarded as excellent film
distributors and have built an outstanding reputation for RCV over the years.
2007 was a strong year for RCV and we look forward to working with them on
their 2008 line-up. This acquisition allows us to follow our plan and enter
the European market at the highest level and to have the ability to acquire
filmed entertainment content on a multi-territory basis with a considerably
larger footprint. We will continue to look at other opportunities to continue
this expansion."

    Note to Editors:

    Entertainment One Ltd. (LSE: ETO) Admitted to trading on AIM on 29 March
2007, Entertainment One Ltd's strategy is to build a leading global
independent entertainment content ownership and distribution business which
acquires films, television programs and music content and exploits these
rights in all media throughout the world. Entertainment One holds all rights
to Summit Entertainment features in Canada and the UK and to Image
Entertainment content in Canada, and is the largest distributor of home
entertainment products in the Canadian market. Entertainment One owns Canadian
distribution and international sales unit Seville Entertainment, Koch
Entertainment, the largest independent record label in North America and a
leading independent distributor of music and video in the United States, and
Contender Entertainment Group, one of the leading independent UK distributors
of filmed entertainment. www.entertainmentonegroup.com

    RCV Entertainment B.V. Founded in 1979, RCV Entertainment is a leading
integrated distributor for feature films in the Benelux territory, covering
The Netherlands, both French and Flemish speaking regions of Belgium and
Luxemburg. Distributing the titles to all media including theatrical, home
entertainment, television and new media by handling all-rights is RCV's
strategy to create the best results and synergy in all business units.
RCV Entertainment focuses on acquiring titles from independent U.S. producers
such as New Line Cinema, Summit Entertainment, Mandate Pictures and Focus
Features. Furthermore, RCV handles all-rights of locally produced
entertainment content. RCV releases about 35 theatrical films and many more
home entertainment titles per year. Except for theatrical releases in the
Belgian territory, which are handled by Kinepolis Film Distribution, part of
the leading Kinepolis Group, all activities are managed from Hilversum, the
media capitol of Holland. www.rcv.nl

For further information:

For further information: Trade Press: DDA PR: Lawrence Atkinson; Jill
Jones, +44 (0)20 7932 9800, lawrence.atkinson@ddapr.com, jill.jones@ddapr.com;
Financial Press: Finsbury: Don Hunter, +44 (0)20 7251 3801,
don.hunter@finsbury.com; Entertainment One: Darren Throop, CEO, (905) 282
7878, dthroop@entertainmentone.ca; Giles Willits, CFO, +44 (2) 070042755,
gwillits@entertainmentone.ca; RCV Entertainment: Jan Kouwenhoven, CEO, +31 35
625 1230, jan.kouwenhoven@rcv.nl; Joke Wartenbergh, COO, +31 35 625 1257,

Organization Profile

Entertainment One

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890