- Acquisition of leading television production companies Blueprint and
Barna-Alper and international television distributor, Oasis creates a
new industry powerhouse
- Acquisition of Maximum Films expands Canadian theatrical market share
and positions the company as the pre-eminent Canadian owned film
exporter to international markets
TORONTO, July 7 /CNW/ - Darren Throop, CEO of Entertainment One (E1), the
international entertainment content owner and distributor announced today the
signing of an agreement to acquire three leading television content suppliers:
Blueprint, Barna-Alper and Oasis International. Concurrently, an agreement has
been reached to acquire Maximum Films' Canadian and International Distribution
operations and combine it with E1's Seville Pictures. These agreements mark a
major milestone in the company's aggressive strategy to become a leading
global distributor of entertainment content.
"Combining these three television companies creates an unrivalled
cross-border force in television in North America supplying programs to most
major broadcasters on both sides of the border," said Darren Throop.
"Furthermore, the consolidation of Maximum Films together with E1's Seville
Pictures will result in an enhanced theatrical market-share in Canada and a
company which is enviably well positioned for international sales and
distribution," he added. "We are now able to create television programs at a
unique risk-return profile and direct this content as well as our increased
film content to our multiple territory distribution companies and realize all
of the synergies of this direct access."
In conjunction with these acquisitions, the Board is also actively
considering opportunities to enhance shareholder value via a move to a
dual-listing on the Toronto Stock Exchange and the Main List in London in the
current financial year.
These acquisitions establish E1 as a fully integrated film, television,
music, sales, marketing and distribution company, with on the ground
distribution operations and libraries in Canada, the US, the UK, Holland and
Belgium. In addition, the company will control an important and growing
library of world-wide rights consisting of over 9,300 hours of programming
which will be licensed to both international and domestic distributors and
broadcasters by its tandem international sales operations - Oasis for
television product and Seville for theatrical films.
Headed by President Patrice Theroux, E1's Filmed Entertainment Division
will now include Blueprint, Barna-Alper, Oasis International, the
newly-combined Seville Pictures/Maximum Films - along with the previously
acquired Contender Entertainment Group in the UK and RCV Entertainment in
Holland and Belgium.
"With these acquisitions E1's Filmed Entertainment Division is
well-positioned strategically to take advantage of a wide-range of commercial
opportunities which are now available to the company," said Theroux. "The
principals of each of these companies are universally recognized as among the
most talented producers of film and television content in the industry, and it
is a privilege to welcome this exceptional group of executives to E1," he
Los Angeles based Blueprint, founded by former senior Alliance Atlantis
television executives John Morayniss and Noreen Halpern in 2002, has rapidly
become a key supplier of television series and movies to US cable networks.
Today, Blueprint is the foremost cross-border supplier of quality television
programming. Some of the shows produced for US networks include:
- Comedy Central - the hit show "Kenny vs Spenny"
- MTV - "Man in The Mirror: The Michael Jackson Story"
- Vh1 - "Hey Joel"
- The N - "The Best Years"
- Lifetime - "Absolution"
- Hallmark Channel - "Mail Order Bride"
- HBO - the highly anticipated "Hung"
- Tru TV - "'Til Death Do Us Part"
- Logo - "Exes and Ohs"
- AMC - "The Wrong Coast"
- Oxygen Channel - "Good Girl Bad Girl"
- CW - "Two Kings"
- ABC Family - "Greek"
In its six years of operations, Blueprint has produced 210 hours of
proprietary programming. The company's shareholders include former CBS
President Jeff Sagansky and former Alliance Communications CEO Robert Lantos,
both of whom will now be E1 shareholders.
Toronto based Barna-Alper, led by its founders Laszlo Barna and Laura
Alper, has been a leading producer of Canadian television programs for over
25 years. The company has produced 620 hours of proprietary drama and
documentary material for a wide range of broadcasters. Barna-Alper's Canadian
- CTV - "The Bridge"
- CBC - "Da Vinci's Inquest"
- Global - "Da Kink In My Hair"
- History - "Turning Points of History"
- Showcase - "G-Spot"
- Discovery - "Megabuilders"
In Canada, Barna-Alper is a stamp of quality, a top brand synonymous with
excellence. The company's shows have won 53 Gemini Awards, many international
awards and have been widely licensed in the international marketplace.
With offices in both Toronto and Los Angeles, distributor Oasis
International was launched in 1991 by Peter Emerson. Since its founding, Oasis
has worked aggressively to secure a strategic position for itself and its
product in the international television landscape. Oasis' sales catalogue of
more than 3,000 hours of programming includes:
- Dramatic series such as "ReGenesis"
- Television movies such as "Celine"
- Reality programming such as "Keys to the VIP"
- Children's programming such as "Iggy Arbuckle"
- Lifestyle programming such as "House & Home"
- Documentaries such as "Uganda Rising"
Oasis has licensed product to over 500 different networks in
150 countries including TF1, and Canal+ in France; RTL, and ZDF in Germany;
BBC and ITV in the UK; Antena 3, and Telecino in Spain; RAI, and Mediaset in
Italy; and NBC Universal and Lifetime in the US. The company commands a
prominent space at international television sales markets, such as MIPTV and
NATPE. Going forward, Oasis will license internationally all programs produced
by Blueprint and Barna-Alper, as well as product from third party producers.
Said John Morayniss and Laszlo Barna on behalf of the newly merged
"We are very excited by the opportunity offered by the combination of our
respective businesses. Content creation, when combined with a strong
distribution platform, is a very powerful proposition in our industry. The
ability to reach the lucrative television, on-demand and DVD markets directly
and to increase our offering of television programs with feature films will be
a key driver for E1's growth. We fully embrace E1's strategy and look forward
to contributing to the success and the rise of this new force in the
Launched a year ago by Robert Lantos, in partnership with Mark Musselman
and Academy Award nominated South African producer Anant Singh ("Yesterday"),
Maximum Films has two businesses: (i) Canadian Film Distribution, headed by
Bryan Gliserman who, for 15 years, was head of Odeon Films, a division of
Alliance; and (ii) International Film Sales, headed by Charlotte Mickie, who
led Alliance's international film sales division for 13 years and subsequently
worked for Paris-based international sales agent Celluloid Dreams for five
Among Maximum's recently-released films are "Bella", "Fugitive Pieces"
and "Before the Rains". The company has announced Canadian distribution
agreements with Lakeshore Entertainment ("Million Dollar Baby"); IFC ("Y Tu
Mama Tambien"); Cinetic Media ("Little Miss Sunshine"); and is the exclusive
distributor of all the films produced by Robert Lantos' Serendipity Point
Films ("Eastern Promises"). Maximum's international operations will be
combined with E1's Montreal-based Seville Pictures, headed by David
Reckziegel, which has recently signed output deals with Summit Entertainment -
the forthcoming Nicolas Cage movie "Knowing" and the upcoming film "Twilight",
adapted from the international best-selling novel; and Yari Film Group
("Crash"). Reckziegel and Gliserman will be co-presidents of Seville/Maximum.
In less than a year, Maximum has assembled an international sales
catalogue of 25 films from quality independent producers around the world,
such as the upcoming "Cold Souls" starring Paul Giamatti; Atom Egoyan's recent
Cannes prize winner "Adoration"; Sundance Grand Jury Prize Winner "Trouble the
Water"; and the currently in release critically lauded "My Winnipeg".
Maximum's international operations will be combined with Seville
International, which handles a catalogue of over 145 films from around the
world. Charlotte Mickie, reporting to Reckziegel, will oversee the division
and Anick Poirier will continue to serve as vice-president, Seville
Long Term Management Contracts
The company and the senior management of each of these companies have
agreed to enter into long-term employment agreements. John Morayniss is
appointed CEO, Television Group, reporting to Theroux. Laszlo Barna will serve
as President, Television Production and Peter Emerson will serve as President,
International Television Distribution, each reporting to Morayniss. Noreen
Halpern is assuming the title of President, Television Production, US,
reporting to Barna. Margaret O'Brien will be appointed COO of the Television
Group, and will report to Morayniss. Both Gliserman and Mickie have also
agreed to new long-term employment agreements.
Robert Lantos, an investor in all four companies being acquired, will
join the E1 Board of Directors. Mr Lantos, producer of Golden Globe Winning
and Academy Award Nominated films "Eastern Promises", "Being Julia", and
"Sunshine", has signed a non-competition agreement with E1 which will
distribute his past and future films.
These acquisitions are also anticipated to create synergies that will
significantly reduce overall company overhead and operations costs, with a
number of opportunities for sharing resources and reducing expenses already
being implemented. It is estimated that it will result in synergies
representing in excess of US$1.5 million through cost savings and additional
value created for the programs produced, resulting from the direct
distribution through E1 multi-territory distribution network.
The purchase price for these companies will be a combination of shares
and cash, with the shares representing the majority of the payment, which
aligns the interests of the senior management of these companies with those of
About Entertainment One:
Entertainment One Ltd. (LSE: ETO) AIM listed, 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 is one of the world's leading international entertainment
companies with operations in Canada, the U.S., Holland, Belgium and the UK,
where it distributes, acquires and owns filmed entertainment and music content
in all medias. Entertainment One also owns Koch Entertainment, the largest
independent record label in North America and a leading independent
distributor of music and video in the United States.
Blueprint Entertainment - (http://www.blueprint-corp.com/)
Oasis International - (http://www.oasisinternational.com/)
Barna-Alper Productions - (http://www.barnaalper.ca)
Maximum Films - (http://www.maximumfilms.ca/)
For further information:
For further information: In Toronto: Freda Colbourne, Edelman, (416)
979-1120 ext. 262, (416) 560-7794 mobile, Freda.email@example.com; In New
York: Alan Lewis, Edelman, (212) 704-4456, (917) 842-6411 mobile,