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Business Description

Entertainment One Ltd. (LSE:ETO) is a global independent studio that specialises in the development, acquisition, production, financing, distribution and sales of entertainment content. The Company’s diversified expertise spans across film, television and music production and sales; family programming, merchandising and licensing; digital content; and live entertainment. Through its global reach and expansive scale, powered by deep local market knowledge, the Company delivers the best content to the world.

Entertainment One’s robust network includes international feature film distribution company Sierra/Affinity; Amblin Partners with DreamWorks Studios, Participant Media, and Reliance Entertainment; Makeready with Brad Weston; unscripted television production companies Whizz Kid Entertainment and Renegade 83; live entertainment leaders Round Room Entertainment; world-class music labels Dualtone Music Group and Last Gang; and award-winning emerging content and technology studio Secret Location.

The Company's rights library, valued at US$2.0 billion (as at 31 March 2018), is exploited across all media formats and includes about 80,000 hours of film and television content and approximately 40,000 music tracks.

Bond Information

Coupon
6.875%
15 Dec 2022
Repaid On
27 Jun 2019
Previous Payment
15 Dec 2022
Interest Period
6 months
XS1319821432
Select Seniority
£355,000,000
S&P:  B+
Moody's:  B1
15 Dec 2018 at 103.438
15 Dec 2019 at 101.719
15 Dec 2020 at 100
Status
Repaid

* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Company Information

Company Legal Name
Entertainment One Ltd
Industry
Entertainment, Media & Broadcasting
Country of Origin
Canada
Year of Incorporation
1973
Ownership Status
Public

Capital Structure

Senior Debt 21%

Equity 79%

Type £m x EBITDA* % of capitalisation* Maturity* Coupon* EBITDA/Interest*
Cash na na na na na na
Bank debt na na na na na na
Senior Secured Bonds £355m 6.875% na na na na na na
Net Senior Debt na na na na na na
Equity Value na na na na na na
Net Capitalisation na na na na na na
EBITDA 183          
Cash Interest 23          

Source: Public information

* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary.

Based on market capitalisation of £1.6bn as of 17 December 2018

Key Financials

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Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are purchasing Fractional Bonds, each one backed by a specific bond. See Risk Statement.