Entertainment One Ltd. can wrap up its acquisition of Alliance Films Holdings Inc. after the Competition Bureau issued a “no action letter” on January 3, 2012, indicating that the Commissioner of Competition does not intend to challenge the deal. Both eOne and Alliance are major competitors for the distribution of films in Canada with substantial market shares. The Bureau concluded that distribution of Canadian films was a distinct product market from distribution of non-Canadian films, as a result of government programs. Over 97% of Canadian box office revenues come from non-Canadian films. Since several major Hollywood studios distribute in Canada, ... [more] Full article