The Canadian multinational mass media and entertainment company, Entertainment One, has denied the departure of president and chief content officer of film, television and digital, Mark Gordon.

Shares in the company were just over 15% higher during early trading On Thursday morning.

Entertainment One is a global independent studio that specialises in the development, acquisition, production, financing, distribution and sales of entertainment content. Its expertise spreads across film, television and music production and sales.

The company released a statement in response to recent press speculation, confirming that Mark Gordon will continue to be part of the company both now an into the future.

News was published on Wednesday that Mark Gordon was supposedly in talks to leave his position at Entertainment One as president and chief content officer of film, television and digital as a result of a conflict.

According to the press, a source close to the situation claimed that “they were unhappy together” and the company was supposedly driving Mark Gordon out of his role after it apparently emerged that he was not fit for the task of managing the organization.

The was news was confirmed to be false on Thursday by the company in a statement.

Entertainment One has produced several world-famous shows such as one of the top performing children’s show, Peppa Pig. Peppa Pig has been translated into over 40 languages and broadcasted in over 180 territories, winning 3 BAFTA Awards.

Despite its popularity, Peppa Pig was recently named one of the worst cartoon characters for promoting unhealthy food aimed at children, according to the Telegraph.

News last year emerged that the entertainment company faced shareholder revolt over the pay of its CEO.

As of 10:39 BST Thursday, shares in Entertainment One Ltd (LON:ETO) were trading at +15.31%.