ENTERTAINMENT ONE ANNOUNCES AGREEMENT TO ACQUIRE PHASE 4 FILMS

Entertainment One (“eOne”) is pleased to announce that it has agreed to acquire the Phase 4 Films group of companies (“Phase 4”) from President & CEO Berry Meyerowitz. Meyerowitz today takes on the role of President of eOne’s U.S. Film and Distribution business, and will oversee all aspects of film distribution in the U.S. and also oversee the company’s North American label and kids & family content distribution businesses.

The acquisition will unite two independent film distribution leaders in North America under eOne. Founded by Meyerowitz in 2009 and headquartered in Toronto, Phase 4 handles sought-after film, television and special interest content across all media in the North American market, with a focus on home entertainment, cable, telecommunications, satellite and digital platforms.

eOne will actively source films which will see their value in these media enhanced with platform theatrical releases that generate awareness and interest before their release in transactional media. The addition of the Phase 4 management team and their combined expertise will see eOne build on that strategy.

“We are delighted to welcome Berry and the talented Phase 4 team to eOne,” said Patrice Théroux, who oversees eOne’s global film business. “Phase 4 has been first at the table for key On Demand partnerships in the U.S. and they have a proven track record of success. Their expertise will greatly extend our abilities in the U.S. while also complementing our Canadian offering.”

Phase 4 brings wide-ranging capabilities and a strong network of key U.S. VOD, digital and retail partners to eOne. This deal will also see kaboom! Entertainment, Phase 4’s dedicated kids & family label, broaden the opportunities for eOne’s growing U.S. and Canadian Family and Licensing businesses.
“This is a very exciting development for Phase 4 and all of our valued partners,” said Meyerowitz. “We are excited to bring our passion and experience to eOne. We are proud of the strong foundation that we have built over the last five years and look forward to broadening our business through eOne’s expanded portfolio.”

Meyerowitz and Phase 4’s leadership team of Sean Monson and David Richardson have signed long-term contracts to remain with eOne.

eOne’s Television and Music businesses remain unchanged by the transaction.