eOne takes full control of digital studio

Entertainment One has acquired the 50% of digital production studio Secret Location it didn’t already own.

eOne first bought into its compatriot Canadian firm in May 2014, and now owns 100% of its shares. Financial terms of the deal were not disclosed.

This comes as UK broadcaster ITV and private equity firm KKR circle eOne, with the former already having a £1 billion (US$1.3 billion) takeover offer turned down earlier this month.

eOne sees Secret Location as a shortcut to specialist digital development , and said in a statement to the London Stock Exchange that the new investment would “help drive new content opportunities across the group”.

eOne has grown through a series of acquisitions, bringing in a number of unscripted prodcos such as Renegade 83 and Force Four Entertainment, and acquiring a majority stake in US drama producer The Mark Gordon Company.

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