Entertainment One

Entertainment One in its US$215 million proposed acquisition of Audio Network


Entertainment One Ltd.


US$215 million


Mergers and Acquisitions

Date Closed

April 2019

Lead Office


movie theatre

On April 11, 2019, Entertainment One (eOne) announced that it has entered into an agreement to acquire UK-based Audio Network Limited, one of the world’s largest independent creators and publishers of original high-quality music for approximately US$215 million. The cash consideration for the acquisition will be partially financed by the proceeds of the placing announced by eOne and the remainder is expected to be financed by a debt financing and the issue of Common Shares in eOne to key management of Audio Network Limited.

The addition of Audio Network secures eOne’s position as a leading end-to-end global independent music brand by enriching eOne’s full-scope capabilities and generating more monetization opportunities for eOne commercial artists.

Entertainment One is a leading international entertainment company that specializes in the acquisition, production and distribution of film and television content.

Audio Network Limited is a global music company, that publishes music for television, film, advertising, and corporate video productions.

Osler, Hoskin & Harcourt LLP is representing eOne as Canadian counsel with a team consisting of Rosalind Hunter and Alex Gorka, Jessica Thomson (Corporate), Richard Borins, Jeremy Burgess and Hayley Larkin (Financial Services).