Darren_Throop

Darren Throop

Darren Throop

Canadian businessman

Darren Throop is a Canadian businessman who is the founder and CEO of Entertainment One (eOne).[1] Through corporate acquisitions and partnerships, Throop has expanded Entertainment One's global footprint and network which includes film and television studio The Mark Gordon Company;[2] content creation venture Amblin Partners with Steven Spielberg, DreamWorks Pictures, Participant Media, and Reliance Entertainment;[3] leading feature film production and global sales company Sierra Pictures;[4] unscripted television production companies Renegade 83,[5] Paperny Entertainment[6] and Force Four Entertainment;[7] world-class music labels Dualtone Music Group[8] and Last Gang Records;[9] and award-winning digital agency Secret Location.[10]

Quick Facts Born, Employer ...

Prior to Entertainment One he was the CEO of ROW Entertainment Income Fund.[11]

Throop sits on the IMAX Corporation Board of Directors.[12] He was recently inducted into the Canadian Music Industry Hall of Fame,[13] and recognized as Entrepreneur of the Year at the Grant Thornton Quoted Company Awards.[14]

Career

His career in the entertainment industry began in 1991 when he founded Urban Sound Exchange, an independent chain of retail music stores.[15] Building and acquiring several music distribution ventures over ten years, including CDPlus.com and Records on Wheels,[16] Throop became CEO of ROW Entertainment (ROW) in 2001.[17] Throop diversified its operations through a series of acquisitions, including overseeing the purchase of Video One Canada, Canada's largest home entertainment company.[18]

As CEO of ROW, Throop took the company public in 2003[19] and then orchestrated the acquisition of Koch Records,[20] North America's largest independent music label and subsequently changed the company name to Entertainment One.[21] With the company's comprehensive U.S. Canadian distribution network, Throop began aggressively acquiring the rights for specialty content.[22] In 2007, to fund expansion into independent feature film distribution and rights ownership, Throop orchestrated the movement of Entertainment One to London's Alternative Investment Market in a $200 million IPO.[23]

Shortly after the listing, Throop began acquiring leading content producers and distributors around the globe. Stepping up to the main market of the London Stock Exchange in 2010, Entertainment One was confirmed as a FTSE 250 entrant in the FTSE UK Index Series in 2013.[24] In 2019, he sold the company to American toy manufacturer Hasbro for nearly $4 billion and he remains the CEO to date.[citation needed]

On August 22, 2022, it was announced that Throop would be stepping down as CEO at the end of the year.

On April 20, 2023, Hasbro entered talks to sell eOne back to its founder Darren Throop.[25]

References

  1. [1]
    "Entertainment One Board of Directors". Entertainment One. Archived from the original on 2014-02-23. Retrieved 2014-01-28.
  2. [2]
    "eOne Acquires 51% Stake in the Mark Gordon Co. for $133 Million". Variety. 6 January 2015.
  3. [3]
    "DreamWorks Studios, Participant Media, Reliance Entertainment and Entertainment One Form Amblin Partners, a New Film, Television and Digital Content Creation Company". Business Wire. 16 December 2015.
  4. [4]
    "Entertainment One Takes Stake In Sierra Pictures". Deadline. 7 January 2016.
  5. [5]
    "eOne acquires reality television production company, Renegade 83". London Stock Exchange.
  6. [6]
    "Vancouver's Paperny TV production company sold to Entertainment One for $29 million". Business Vancouver.
  7. [7]
    "Vancouver reality TV producer Force Four purchased by Toronto company eOne". Vancouver Sun.
  8. [8]
    "Dualtone Music Group Bought by Entertainment One, Spinefarm Acquires Candlelight". Billboard.
  9. [9]
    "Last Gang indie label joins Entertainment One". The Toronto Star. 9 March 2016.
  10. [10]
    "eOne Takes Stake in Interactive Agency Secret Location". Variety. 28 May 2014.
  11. [11]
    "ROW Entertainment Income Fund Announces The Acquisition Of Koch And Bought Deal Financing". Market Wired.
  12. [12]
    "IMAX® Announces Election Of Darren Throop To Board Of Directors". PR Newswire.
  13. [13]
    "Darren Throop: Quality Is Entertainment One's Stake in The Ground". The Music Express.
  14. [14]
    "Winners at Grant Thornton Quoted Company Awards 2012". Grant Thornton. Archived from the original on 2016-09-21. Retrieved 2014-01-28.
  15. [15]
    "TAYLOR: Long road to big time with stop in Halifax". The Chronicle Herald.
  16. [16]
    Houpt, Simon (20 February 2015). "How the CEO of Canada's eOne built a global entertainment giant". The Globe and Mail.
  17. [17]
    "Darren Throop 2015 Canadian Music Industry Hall of Fame Inductee". Canadian Music and Broadcast Industry Awards.
  18. [18]
    "Darren Throop 2015 Canadian Music Industry Hall of Fame Inductee". Canadian Music and Broadcast Industry Awards.
  19. [19]
    "IMAX® Announces Election Of Darren Throop To Board Of Directors". PR Newswire.
  20. [20]
    "Darren Throop 2015 Canadian Music Industry Hall of Fame Inductee". Canadian Music and Broadcast Industry Awards.
  21. [21]
    "IMAX® Announces Election Of Darren Throop To Board Of Directors". PR Newswire.
  22. [22]
    "IMAX® Announces Election Of Darren Throop To Board Of Directors". PR Newswire.
  23. [23]
    "Darren Throop: Quality Is Entertainment One's Stake in The Ground". Music Express.
  24. [24]
    "IMAX® Announces Election Of Darren Throop To Board Of Directors". Nasdaq.
  25. [25]
    Shaw, Lucas; Buckley, Thomas (April 20, 2023). "Hasbro Is in Talks to Sell 'Yellowjackets' Studio to Its Founder". Bloomberg. Retrieved June 19, 2023.
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