Entertainment One’s (eOne) year-end trading update indicates financial performance in line with expectations, with EBITDA growth of around 10%.
Entertainment One’s update shows the groundwork in place for good progress across both Family & Brands and Film, Television & Music. The benefits of the transition towards production in film are clear, with better margin potential, a reduced risk profile and stronger free cash flow.
The intense competition between new and competing SVOD providers is driving a healthy appetite for high-quality entertainment content. Peppa Pig is rapidly gaining traction in China, where the film trailer going viral has further boosted awareness. 117 new episodes are in production, bringing the total to 381, and there is a steady programme to drive other opportunities for revenue generation. PJ Masks looks to be following a similar trajectory and has the potential to reach the same scale.