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Entertainment One confirms Designated Survivor series dropped by ABC

The FTSE 250-listed firm said it is in active discussions with other parties for future series of the show

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Entertainment One said there may be a modest impact on next year’s earnings

Entertainment One LTD (LON:ETO) shares fell on Monday morning as the company confirmed that television series Designated Survivor will no longer feature on ABC after the present series.

The FTSE 250-listed firm said it is in active discussions with other parties for future series of the show.

READ: Peppa Pig brings home the bacon for Entertainment One amid tough market

The film and television production company said this will have no impact on the group’s full-year results for the year to 31 March 2018, due to be announced on the May 22

However, the company said there may be a modest impact on next year’s earnings, depending on the outcome of discussions with other parties.

Entertainment One said it remains on track to deliver against its stated strategic management expectations for the future.

In early morning trading, Entertainment One’s shares fell 2.4% to 287.0p.

Quick facts: Entertainment One

Price: 557 GBX

AIM:ETO
Market: AIM
Market Cap: £2.78 billion
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