for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Entertainment One posts wider first-quarter loss

Oct 11 (Reuters) - Canada-based independent entertainment company Entertainment One Ltd on Friday posted a near seven-fold wider first-quarter loss, hit by lower sales in its film, television & music segments.

The company, which has agreed to be bought by Hasbro Inc in August, said the loss before tax widened to 43.9 million pounds ($54.65 million) from 6.8 million pounds, a year earlier. ($1 = 0.8033 pounds) (Reporting by Aakash Jagadeesh Babu in Bengaluru; Editing by Bernard Orr)

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up