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eOne share sale prompts board exit

Transatlantic distributor and producer Entertainment One (eOne) has reshuffled its board following the sale of a stake in the business.

Peppa Pig

eOne property Peppa Pig

London-based Marwyn Value Investors has sold a 9% stake in eOne, which is behind shows such as Peppa Pig, The Walking Dead and Book of Negroes.

The shares have been acquired by institutional investors and have resulted in James Corsellis, who has represented Marwyn on eOne’s Board since 2007, stepping down from the position.

Marwyn still holds a stake of nearly 18% in the business, which is headed by CEO Darren Throop, who said he was looking forward “to Marwyn’s continued support as an investor.”

eOne’s TV arm is in the midst of a five-year growth plan that it hopes will see it double in size, while the company reported profits before tax in May of US$71m, up 105% on the previous year.


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