Entertainment One now controls more than 9,300 hours of TV programming after completing the acquisitions of producers Blueprint Entertainment and Barna-Alper Productions, and distributors Oasis International and Maximum Films, first unveiled in July.
The news came as Toronto-based E1 held its annual shareholders meeting Wednesday in Dublin, Ireland.
Following the recent acquisitions, Maximum founder Robert Lantos was voted onto the E1 board as a non-executive director on Wednesday, as securities lawyer Mark Trachuk of Toronto-based legal firm Osler stepped down as a director.
Lantos, who held stakes in all four companies picked up by E1, also signed a non-competition agreement with the indie distributor. In return, E1 will release Lantos’ past and future films from Serendipity Point Films, his Toronto-based production shingle.
E1 shareholders were also told that TV distributor Oasis will shop the enlarged TV catalogue to Canadian and international broadcasters and distributors, while Montreal-based Seville Pictures will continue to sell its film product internationally.
Blueprint, Oasis and Barna-Alper and the combined Maximum-Seville entity have been folded in with Britain’s Contender Entertainment Group and Benelux distributor RCV Entertainment to create E1’s filmed entertainment division led by president Patrice Théroux.
The shareholders meeting follows E1 last week unveiling a new US$150 million credit facility from a banking consortium led by J.P. Morgan.
To secure the new debt financing package, E1 hired an independent appraiser that valued its catalogue at just over US$175 million.
E1 is listed on the London-based AIM exchange and aims to secure a Toronto Stock Exchange listing when market conditions allow.