Entertainment One has today posted a wider first-quarter loss, dented by lower sales in its film, television & music segment, as the Canada-based company prepares to be acquired by US toy maker Hasbro. 

The company said its loss before tax widened to £43.9m from £6.8m. 

Quarterly sales were dragged by leaner performance in the film, television & music division due to lower broadcasting and licensing revenues, the entertainment firm said. 

Revenue fell nearly 7% to £173.1m compared with the same time last year. 

In August, Hasbro said it will buy Entertainment One for about $4 billion in cash, adding the independent studio with pre-school brands such as Peppa Pig to the US company known for Nerf and Power Rangers. 

Entertainment One, which started life as a Canadian record and tape retailer, recently signed a multi-year production deal with award-winning producer Mark Gordon, who has worked on "Saving Private Ryan" and "Grey's Anatomy".