Bookmark and Share BBC in talks about 2entertain

11/26/2008 03:34:00 am - Reported by Marcus

BBC Worldwide are currently in negotiation with the troubled company Woolworths PLC to buy out their 40% share of subsiduary 2 entertain, the company responsible for many BBC DVD releases including, of course, Doctor Who. However, progression on the deal is dependent upon agreement from the BBC Trust; the Times reports: "BBC yesterday indicated that it would be willing to act quickly to take full control of 2Entertain, its DVD distribution business, for around 100 million pounds, because it wants to ensure there is no disruption to the delivery of its Doctor Who and more catalogue to the high street. A purchase by BBC Worldwide, the Corporation's commercial arm, is likely to be agreed quickly by the BBC Trust, because of the perceived importance of the venture. According to the BBC Worldwide accounts, the BBC made 41.2 million pounds of operating profit on its 60 per cent share of 2 Entertain."

BBC News reports: "Woolworths' publishing joint venture with BBC Worldwide, 2 Entertain, and its book wholesale arm Bertram have not been put into administration. The firm said it remained in talks to sell its 40% stake in 2 Entertain to BBC Worldwide, the BBC's commercial arm."

Woolworths PLC have themselves issued a press release relating to their operations, and re-iterates: "Woolworths Group plc is not in administration and remains in discussions with BBC Worldwide relating to the possible sale of its 40% interest in 2 Entertain Ltd."

However, their subsidiary, Entertainment UK, which supplies books and DVDs to supermarket groups, is being put into administration, and it is unsure how this will impact deliveries of DVDs to outlets such as Zavvi, Sainsbury's and Asda.