Peppa Pig maker Entertainment One has teamed up with Steven Spielberg's DreamWorks Pictures to create a new film, television and digital content company to expand beyond its popular cartoon show.
The joint venture company, Amblin Partners, will take on film distribution duties in new regions, including productions already in the works such as The BFG and The Girl on the Train.
Amblin Partners will also have backing from Indian conglomerate Reliance Group and Participant Media, a company led by former eBay president Jeff Skoll.
"Amblin Partners will create content using the Amblin, DreamWorks Pictures and Participant brands ... to tell stories that appeal to a wide range of audiences," Entertainment One said.
Shares in Entertainment One were up 5.4 per cent by mid morning. They have been under pressure over the last six months due to delays around film releases and a refinancing.
Entertainment One did not disclose the size of its stake in Amblin Partners.
Peel Hunt analyst Malcolm Morgan said that although the company was silent on the scale of the equity stake or its cost, he saw it as a "small positive item" after a few weeks of adverse trading and financing news flow.
The name Amblin comes from the name of a short film made by Spielberg in 1968, which kicked off his career. He later formed a production company called Amblin Entertainment.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here