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Twilight firm sinks its teeth into a juicy profit
THE DISTRIBUTOR of the Twilight franchise and owner of kids’ favourite Peppa Pig swung to its first six month profit since stepping up to the LSE last summer.
Entertainment One (E1) posted pre-tax profits of £9.8m, up from a loss of £1.5m a year ago. Its revenues were up one per cent to £204.6m.
The company said it benefitted from its deal with LoveFilm but did not break the results out. It is expecting a boost from the launch of the latest installment of the Twilight saga, which is out on Friday.
Peppa Pig continued trotting to world domination, rising to the number one slot in Australia as well as hitting prime-time in the US. E1, which owns image rights to the pink superstar, will also be hoping to cash in on merchandise this Christmas.