Entertainment One completes Alliance Films takeover

Entertainment One has completed its $225 million deal to acquire rival Alliance Films, and its Canadian, U.K. and Spanish distribution assets, from Goldman Sachs Capital Partners and Investissement Québec.

Patrice Théroux will continue to run Entertainment One’s filmed entertainment business, while  former Alliance CEO Victor Loewy and former Alliance President Charles Layton leave the company.

The enlarged Canadian distributor also gets new output agreements in Canada with The Weinstein Company, Focus Features and Relativity Media, among others.

Theroux in a statement said the combined entity will use the “gifted teams brought together through the effective integration of Les Films Seville, Contender, RCV, Oasis International, Barna Alper, Blueprint, Hopscotch, among others, and we have no doubt that our strong entrepreneurial organization will be further strengthened with the addition of our new colleagues.”

Entertainment One will start to bring Alliance Films into its film distribution fold, and added that it will leave its TV, music, and legacy wholesale distribution businesses unaffected through the transition.

The deal comes as Entertainment One has stepped up its U.S. film distribution operation as part of a global push.

The completion of the transaction also follows Canada’s Competition Bureau last week giving a greenlight to the takeover of Alliance Films.