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eOne Buys Berry Meyerowitz's Phase 4 Films

LONDON -- Entertainment One has agreed to acquire North American distribution house Phase 4 Films from president and CEO Berry Meyerowitz, who takes on the role of president of eOne's U.S. film and distribution biz.

Meyerowitz will oversee all aspects of film distribution in the U.S., and also oversee the company's North American label, and kids and family content distribution businesses.

Founded by Meyerowitz in 2009 and headquartered in Toronto, Phase 4 handles film, television and special interest content across all media in the North American market, with a focus on home entertainment, cable, telecommunications, satellite and digital platforms.

"We are delighted to welcome Berry and the talented Phase 4 team to eOne," said Patrice Theroux, who oversees eOne's global film business. "Phase 4 has been first at the table for key On Demand partnerships in the U.S. and they have a proven track record of success. Their expertise will greatly extend our abilities in the U.S. while also complementing our Canadian offering."

"This is a very exciting development for Phase 4 and all of our valued partners," said Meyerowitz. "We are excited to bring our passion and experience to eOne. We are proud of the strong foundation that we have built over the last five years, and look forward to broadening our business through eOne's expanded portfolio."

Meyerowitz and Phase 4's leadership team of Sean Monson and David Richardson have signed long-term contracts to remain with eOne.

eOne's television and music businesses remain unchanged by the transaction.

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