Lionsgate Canada
Lionsgate Canada
Main page

Lionsgate Canada

logo
Community Hub0 subscribers
What are your thoughts?
Be the first to start a discussion here.
Be the first to start a discussion here.
Lionsgate Canada

Lionsgate Canada (formerly Records On Wheels Limited, ROW Entertainment, Entertainment One Income Fund, E1 Entertainment and Entertainment One) is a Canadian entertainment company and a subsidiary of Lionsgate Studios. Based in Toronto, the company is primarily involved in the acquisition and production of films and television series.

The company began on June 1, 1973 as the Canadian music distributor Records on Wheels Limited. After it was acquired by music retailer CD Plus, the company became ROW Entertainment; with its vice president of operations Darren Throop becoming president and CEO. ROW later acquired American music and home entertainment distributor Koch Entertainment. By 2007, the company—now known as Entertainment One—had begun to acquire other production companies and film distributors including Canadian distributors Les Films Séville and Alliance Films. By 2015, eOne had begun to expand its American operations, including investing in Amblin Partners, and acquiring a stake in The Mark Gordon Company.

On December 30, 2019, eOne was acquired by American toy and entertainment company Hasbro for US$4 billion. The company saw cutbacks under Hasbro, which sold eOne's original music distribution business (now MNRK Music Group) to Blackstone on April 26, 2021, and closed its theatrical distribution operations in Australia, Canada, Spain, and the United Kingdom on June 29, 2022, and July 17, 2023. The cutbacks were part of a planned sale of entertainment assets not strongly tied to eOne's children's entertainment brands, such as Peppa Pig, which would be folded into Hasbro's intellectual property and merchandising business following the acquisition.

On August 3, 2023, Hasbro announced that it would sell eOne's assets to Lionsgate (another Canadian-founded business, now known as Starz Entertainment) for $500 million. The deal closed on December 27, 2023. The company's assets would then be restructured, with the main division initially becoming eOne Canada before adapting its current name. eOne Films was placed under Lionsgate Films, while eOne Television merged with other assets into Lionsgate Television, with eOne's unscripted production assets being transferred to the newly formed Lionsgate Alternative Television.

In May 2024, Lionsgate spun off its film and television business (including the company) into Lionsgate Studios.

The company has its origins in the music distributor Records on Wheels Limited (which was established on June 1, 1973 by brothers Vito and Don Ierullo), and the music retail chain CD Plus. The chain was in the process of acquiring other companies to bolster its wholesale operations in music and home video, leading to its purchase of ROW on June 11, 2001. Its vice president of operations, Darren Throop, had joined the company after CD Plus acquired his Nova Scotia-based record store chain Urban Sound Exchange. The combined company later became known as ROW Entertainment, with Throop as president and CEO. The company listed itself on the Toronto Stock Exchange as an income trust, meaning that its taxes were paid by its shareholders, rather than the company itself.

On June 1, 2005, it acquired the U.S. independent music distributor and home entertainment publisher Koch Entertainment. Afterwards, it was re-incorporated as Entertainment One Income Fund. On March 29, 2007, the company accepted a $188 million public equity takeover by Marwyn Investment Management to fund its expansion; the company was listed on London's Alternative Investment Market as Entertainment One Ltd.

On June 14, 2007, Entertainment One acquired Montreal-based film distributor Seville Pictures and British distributor Contender Entertainment Group; The same year, the company secured its first film output agreement with Summit Entertainment, handling distribution in Canada and the United Kingdom. Acquisitions continued on January 9, 2008 with the purchase of the Benelux distributor RCV Entertainment. The same year, Entertainment One acquired the television studios Blueprint and Barna-Alper, and international television distributor Oasis International. Also on July 4, 2008, the company listed itself on the London Stock Exchange.

See all
User Avatar
No comments yet.