Marwyn's Entertainment One to acquire Phase 4 Films
Entertainment One Ltd (LSE: ETO) has agreed to buy Phase 4 Films from president and CEO Berry Meyerowitz, who will now become president of Entertainment One's U.S. film and distribution business. The deal's financial terms were not disclosed, however, sources have cited the purchase price as $27 million. Based in Toronto, Phase 4 Films is a full-service independent studio. Entertainment One, which is also based in Toronto, specializes in the acquisition, production and distribution of film and television content. The company has been a portfolio investment of British private equity firm Marwyn Invesment Management since 2007.
2 June 2014•3 mins read
