The blockbuster franchise helps Entertainment One wear the sort misses that are endemic to the creative industries where the company plays, and helps get quality movies to cinemas increasingly ruled by blockbusters
Talk about bringing home the bacon.
The juggernaut that is Peppa Pig has rolled into Asia, where the porcine princess has hit pay dirt for the franchise’s controller Entertainment One. Again.
There are some things that are almost universal to the human condition and it appears that one is the devotion of those of pre school age to a precocious talking pig whose genius is that she talks like they do.
- Peppa Pig’s march into Asia boosts Entertainment One revenues
- Peppa Pig accused of piling pressure on GPs
- Survey reveals the kids' TV shows parents can most and least tolerate
China is being conquered and it looks like its rival Japan is also poised to fall under her spell. Who knows, perhaps their leaders can one day find a way of bonding over their shared exasperation when it comes to their children’s love for her. Peppa the peace pig!
That might be pushing it, but having generated a staggering 45bn views via Chinese video on demand platforms, she debuted in Japan in October and a roll out of ancillary product is on its way. Shareholders say konichiwa to another payday. Parents, well, I feel your pain having endured my daughter’s fascination with her.
Nonetheless, there are grounds to be thankful for the anthropomorphic money making machine.
There is much more to Entertainment One than Peppa. It's a sprawling business with fingers in an awful lot of creative pies, including music, TV for grown ups and film as well as several other kids properties.
The anticipated 50 per cent rise in full year revenues was not solely the work of the group’s most visible property, but she played a big role in it.
In the hit and miss business of content creation the corporate holy grail of a franchise like that helps in an important respect: It means you are capable of coping with the misses.
Another highlight listed by Entertainment One was the first feature film completed by the Mark Gordon company, a subsidiary which it finished gobbling up last year, in the form of Molly’s Game.
Directed by Aaron Sorkin and starring Jessica Chastain it was a critical smash, and deservedly so. But while it more than made back its budget it was a long way from being a commercial steamroller.
“Reach of a studio, heart of an indie,” the company boldy declares of its film division. Unfortunately, its last year was a less than stellar one.
The group, also a distributor, released 145 titles in its just completed financial year, down from 172, with box office revenues falling by 37 per cent “as a result of lower volume and profile titles compared to the strong slate from the previous period”.
Business news: in pictures
Business news: in pictures
Spotify traded publically for the first time on the New York Stock Exchange on Tuesday. However, the company isn't issuing shares, but rather, shares held by Spotify's private investors will be sold
The deadline to award a contract to make blue British passports after Brexit has been extended by two weeks following a request by bidder De La Rue. The move comes after anger at the announcement British passports would be produced by Franco-Dutch firm Gemalto when De La Rue’s contract ends in July. The British firm said Gemalto was chosen only because it undercut the competition, but the UK company also admitted that it was not the cheapest choice in the tendering process.
Phillip Rasmussen, finance chief of technology company IQE, was killed in an accident while on holiday over the weekend. The company confirmed the 47 year old man had died while cycling in Menorca. A 25-year-old American man was arrested on suspicion of drink driving, after failing a roadside breath test.
The Beast from the East wiped £4m off of Flybe’s revenues due to flight cancellations, airport closures and delays, according to the budget airline’s estimates. Flybe said it cancelled 994 flights in the three months to 31 March, compared to 372 in the same period last year.
In an industry where “value is increasingly concentrated around blockbuster content from the major studios”, the company is playing a key role in getting worthwhile movies like Molly's Game and The Post, and I, Tonya (among others) to the screen.
Peppa can't but help with that and if she can hold the hand of future Mollys and Tonyas then movie lovers will be jumping up and down in muddy puddles along with her.