Entertainment One (eOne) has reported that its library is now valued at over $1bn (£650m) and that Q116 underlying trading was in line with management expectations, with Television growing particularly strongly. Adverse currency has prompted our 5% reduction in full-year estimates, but the share price reaction looks overdone with the FY16e EV/EBITDA now only 9.3x. eOne remains in pole position to satisfy the strong global demand for entertainment content.
