Entertainment One rejects claim it will move listing to New York
ENTERTAINMENT One, the media company that makes the popular children’s programme Peppa Pig, has denied rumours that it is looking to move its stock market listing across the Atlantic to New York.
The company spoke up yesterday, after reports emerged that it was considering shifting the stock exchange on which it is listed from the City to Wall Street.
Darren Throop, Entertainment One’s chief executive, is reported to have said: “We have considered different markets and we continue to do that.”
However, a spokesperson for the company said that Throop’s comments to the Sunday Telegraph did not suggest that a move was planned or is imminent.
The spokesperson said: “The company does always consider options that would benefit both its shareholders and the company’s future growth opportunities. To be entirely clear, Entertainment One has no plans to move its listing to any other market at this time.”
Last month, the firm announced that revenue at the group fell by five per cent from £823m to £785.8m – a drop mostly due to a fall in revenue at the film division. However, there was a 37 per cent rise to £227.6m at the group’s TV arm. Peppa Pig made $1bn (£650m) in retail sales alone.