Wed, 01/04/2009 - 11:49
Children's licensing group Entertainment Rights has called in the administrators Deloitte, but it has immediately sold its UK and US subsidiaries to Boomerang Media, a US copyrights business. The money paid will not result in any return to shareholders, but 90 staff will transfer to the new company.
Entertainment Rights said it had...
Mon, 02/03/2009 - 09:11
Offers made for Entertainment Rights, which owns children's characters such as Postman Pat and Basil Brush, will not cover its debts, according to the Guardian.
None of the bidders for the firm are willing to buy ER as a going concern; instead they are offering to buy out its assets and the holding company is likely to be...
Mon, 12/01/2009 - 06:22
The main lender of Entertainment Rights, the debt-laden owner of Postman Pat, Basil Brush and Lassie, has drafted in a restructuring firm amid growing concerns about its future, reports the Telegraph. HBOS is understood to have hired Deloitte amid mounting concerns about the company's declining value and high debt levels.
Thu, 08/01/2009 - 14:54
Children's character company Entertainment Rights has warned that the business is "trading significantly below expectations" after a disappointing Christmas. The company also warned that the money owed to it by its North American DVD distributor Genius could be "at risk" after payments failed to be made on time.
Mon, 08/12/2008 - 15:09
Entertainment Rights has admitted that it could lose as much as £500,000 due to the loss of business resulting from the administration of Woolworth's subsidiary Entertainment UK. The figure was revealed as the company announced plans to cut its workforce by a third as well as the appointment of a new chief executive and short-term...
Wed, 05/11/2008 - 05:25
Penguin Group has agreed a global deal for the tie-in publishing rights to a new preschool television series, Tinga Tinga Tales. The series is created by Tiger Aspect, the production house behind the bestselling Charlie & Lola (Lauren Child) television programme.
Puffin has already worked with Tiger Aspect to produce the tie-in books...
Tue, 22/04/2008 - 07:47
Entertainment Rights, the company behind children's characters Postman Pat and Basil Brush, is no longer in offer talks for the company, after a period of takeover speculation.
Following the company's January announcement that it was in...
Wed, 09/04/2008 - 06:16
Takeover target Entertainment Rights saw sales increase 129% to £68.1m in 2007, thanks to its acquisition of Classic Media in January last year. Operating profit at the children's licensing company improved by 61% to £17.1m, with pretax profit up just 1% to £7.9m.
In the UK, the group said significant progress had...
Wed, 19/03/2008 - 06:00
The struggling company that owns Postman Pat, Rupert Bear and Basil Brush sought to appease its frustrated shareholders today by announcing the departure of its founder and chief executive, reports the Guardian.
Entertainment Rights, which has seen its shares tumble 73% over the last 12 months, has been hit hard by dwindling...
Tue, 22/01/2008 - 12:21
Entertainment Rights, the company behind children's characters Postman Pat and Basil Brush, has confirmed it is in preliminary takeover talks. In a statement to the City, the company said it had entered discussions about its future ownership, following weekend press reports.
The statement read: "The board of ER notes the recent...