Marwyn-backed Entertainment One buys stake in Mark Gordon
Entertainment One Ltd (LSE: ETO) has bought a "significant" stake in The Mark Gordon Co. The deal is part of a joint venture to create a U.S.-based independent studio that will finance and produce film, network, cable, and digital premium content distributed by Entertainment One. The value of the investment was not disclosed, however, one source reported that Entertainment One paid US$132.6 million to obtain a majority position in Mark Gordon. Headquartered in Toronto, Entertainment One acquires, produces and distributes film and television content. It has been backed by British private equity firm Marwyn Investment Management since 2007.
6 January 2015•5 mins read
