John Smith, CEO, BBC Worldwide, said:
I am pleased that we have finally concluded these negotiations, and have secured the future of 2|entertain. This comes as good news for a variety of stakeholders. 2|entertain's retail partners know it is now backed by a stable owner. Consumers can continue to enjoy BBC content on DVD in their own homes. The independent production sector already works closely with 2|entertain. And licence fee payers will continue to benefit from 2|entertain's contribution to BBC Worldwide, which helped us return a total of £153m to the BBC in the last financial year.Paul Dempsey, CEO of 2|entertain and Managing Director, BBC Worldwide Home Entertainment, added:
The 2|entertain business has not been distracted by the events of the past 18 months, continuing to deliver impressive results. Under full BBC Worldwide ownership, it now looks forward to a more settled period and playing an important role in BBC Worldwide’s future plans.