CPPIB-backed Entertainment One to buy Daisybeck Studios


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Entertainment One (eOne) has agreed to acquire Daisybeck Studios, a Leeds, U.K.-based television company producing factual, factual entertainment and event programming.

No financial terms were disclosed. Daisybeck Founder and Managing Director Paul Stead will continue to oversee operations.

EOne, a Toronto-based entertainment content studio, said the acquisition is in line with its planned expansion of non-scripted activities in the United Kingdom.

EOne is a portfolio company of Canada Pension Plan Investment Board (CPPIB). In 2015, CPPIB acquired a minority stake from Marwyn Investment Management for $290 million.

PRESS RELEASE

Entertainment One to Acquire Daisybeck Studios

Acquisition Continues Planned Expansion of eOne’s Non-Scripted Business and Further Bolsters Its Leadership Position in the UK and as a Top Provider in the Marketplace

London/Los Angeles – July 11, 2019 – Entertainment One (eOne) has entered into an agreement to acquire UK-based Daisybeck Studios, an independent television company producing quality factual, factual entertainment and event programming. Daisybeck Studios’ Emmy® nominated Managing Director and Founder, Paul Stead, will continue to oversee day to day operations of the Daisybeck Studios brand under eOne’s ownership. The acquisition continues the planned expansion of eOne’s non-scripted activities in the UK. The announcement was made by eOne’s President, Global Unscripted, Television Tara Long, along with Stead.

Founded in 2013, the company has made hundreds of hours of programming including “The Yorkshire Vet,” “Springtime on the Farm,” “Big Week at the Zoo,” and “Made in Britain,” making the Company the largest truly independent production company in Yorkshire. Daisybeck Studios has twice won the Independent Production Company of the Year at the Royal Television Society (Yorkshire) Awards in 2016 and 2017, as well as the coveted RTS Award for Best Documentary Series for the ground breaking “Body Donors” documentary and another RTS Award this year for Best Documentary Series for “The Yorkshire Vet.”

“Paul and his team have built a best-in-class business by focusing their efforts in the unscripted arena on what they do incredibly well and we believe their current and future projects along with their existing catalog align well with the continued strategic growth plans of our unscripted business in the UK and beyond,” said Tara Long.

“Joining eOne is the perfect strategic move for Daisybeck,” stated Stead. “It will provide our infrastructure with the proper capabilities and support to allow us to truly capitalize on the unscripted television opportunities in the UK from our base in the North of England. It’s a very exciting time in content creation, not least because of UK network Channel 4 setting up their National Headquarters down the road from our studios. This will help us continue our growth with other key UK networks including Channel 5 and being part of eOne really future proofs our business. We chose them because of their passion for programming and the support they clearly provide to the creative teams across their group.”

Under Long, eOne’s current unscripted partner network includes Emmy nominated producers Mark Ford and Kevin Lopez’s Creature Films, Matthew Anderson and Nate Greens Purveyors of POP, Joseph Freed and Allison Berkley’s Marwar Junction Productions, David Solomini and Philip Segal’s Crush+Lab and Simon Howley and Jon-Barrie Waddell’s UK based Fired Up Films, as well as David Ayer, will.i.am, Drake, Jermaine Dupri, Tommy Mottola, and Master P.

About Entertainment One

Entertainment One Ltd. (LSE:ETO) is a global independent studio that specialises in the development, acquisition, production, financing, distribution and sales of entertainment content. The Company’s diversified expertise spans across film, television and music production and sales; family programming, merchandising and licensing; digital content; and live entertainment. Through its global reach and expansive scale, powered by deep local market knowledge, the Company delivers the best content to the world.

Entertainment One’s robust network includes international feature film distribution company Sierra/Affinity; Amblin Partners with DreamWorks Studios, Participant Media, and Reliance Entertainment; Makeready with Brad Weston; unscripted television production companies Whizz Kid Entertainment and Renegade 83; live entertainment leaders Round Room Live; world-class music labels Dualtone Music Group and Last Gang; innovative music platform Audio Network; and award-winning emerging content and technology studio Secret Location.