StockMarketWire.com - Entertainment One reiterated guidance Thursday and confirmed it was track to meet expectations after its family and brands segment performed 'strongly' in the first half of year driven by increased licensing and subscription deals.

The earnings to net debt ratio is anticipated to be approximately 1.8 times at the end of the current financial year in line with previous guidance, the company said.

The Family & Brands business delivered revenue and earnings growth during the first half of the year, increasing its live licensing contracts across the portfolio of brands to 1,700, up from over 1,300, a year ago.

Peppa Pig remained strong in its core markets, benefiting from the delivery of new episodes of the show to broadcasters in full-year 2018. New Peppa Pig episodes would be delivered in spring 2019, further supporting the Group's licensing activities, Entertainment One said.

The theatrical release of Peppa Pig: My First Movie Experience was being co-produced with Alibaba and would benefit from a wide launch in theatres in early 2019.

In Film & Television a number of new scripted and unscripted television series were delivered during the period, with a robust pipeline of new series set up for development with partners.

Film continued to transition from distribution to production activities, reflecting the ongoing changes across the industry, the company said.

The company's independent library valuation increased to $2.0bn as at 31 March 2018, up from $1.7bn a year earlier.

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