Entertainment One shares recover after it responds to Variety

Film and TV production firm Entertainment One (LON:ETO) has seen its share price bounce back 19.51% to 418.30p (as of 14:50 BST) after it responded to press speculation. Variety had reported that the company’s president and chief content officer Mark Gordon was in talks to leave Entertainment One, but the firm has refuted this and said he will remain part of the team going forward.

Analysts have suggested that the company’s statement does not rule out a change in Mr. Gordon’s role, but it does not appear that he would be making a full exit from Entertainment One.