SHARES in Entertainment One soared yesterday, fuelled by speculation of a deal to screen the hit children’s TV show Peppa Pig on Nickelodeon in the US.
Its shares closed up eight per cent at 85.5p, a year high, as investors hoped the firm could replicate Peppa’s smash-hit success in the UK.
Chief executive Darren Throop told City A.M. last month that the firm has been in talks about screening the UK’s number one-rated children’s show on a major US network.
A deal could prove extremely lucrative for Entertainment One, with Peppa Pig selling £100m worth of toys in the UK alone last year.
If a deal is struck, Entertainment One would likely keep the rights to the show and Nickelodeon would get a percentage of licencing merchandising sales.