Peace Arch Entertainment Continues Its Ascent On Sony Distribution Deal

May.17.07 | About: Peace Arch (PAE)

Peace Arch Entertainment Group Inc. (PAE) shares shot up as much as 8.5% Thursday following the film and television company's announcement that Sony Pictures Worldwide has acquired from Peace Arch, all U.S. rights to the upcoming feature film Winged Creatures, starring Forest Whitaker, Guy Pearce and Kate Beckinsale.

The Sony deal is just the latest bit of good news for the company who over the course of the past few months have announced several significant deals involving its film and TV divisions.

In the past year, Peace Arch's shares have risen more than 100%.

PAE 1-yr chart: