You will be redirected back to your article in seconds

BBC takes control of DVD distributor

Worldwide buys remaining stake in 2entertain

BBC Worldwide, the commercial arm of the U.K. pubcaster, is to pay £17 million ($25 million) to secure full ownership of DVD distributor 2entertain, the highly profitable company that produces home entertainment products of hit BBC shows including “Top Gear” and “Doctor Who.”

The deal, announced Thursday, is for the 40% of 2entertain stock it did not already own, bought from the administrators of failed retain store chain Woolworths.

The store’s administrators had been in protracted talks on the sale with BBC Worldwide since Woolworths went into administration in November 2008. The DVD company remained profitable despite the collapse of Woolworths.

The agreement came after a court ruling on the valuation of the 40% stake brought a dispute between the two sides to an end.

BBC Worldwide said it brought to an end “a period of uncertainty, triggered by the collapse of Woolworths, and ensures that consumers can continue to enjoy their favorite BBC titles on DVD and Blu-ray, as well as protecting the investment made by BBC Worldwide in 2entertain over the past six years.”

BBC Worldwide stressed the deal was funded from cash reserves — not by Britain’s public, who pay an annual license fee of $215 to watch television, which is used to pay for the BBC.

John Smith, CEO BBC Worldwide, said the deal was good news for retailers, consumers and license fee payers, who would “continue to benefit from 2entertain’s contribution to BBC Worldwide, which helped us return a total of £153 million ($230 million) to the BBC in the last financial year.”

News of the deal came just two days after Mark Thompson, the BBC’s director general, said that two niche music radio stations, BBC 6 Music and Asian Network, were facing closure.

More TV

  • The Simpsons

    All the Thanksgiving TV Marathons You Can Binge This Weekend

    BBC Worldwide, the commercial arm of the U.K. pubcaster, is to pay £17 million ($25 million) to secure full ownership of DVD distributor 2entertain, the highly profitable company that produces home entertainment products of hit BBC shows including “Top Gear” and “Doctor Who.” The deal, announced Thursday, is for the 40% of 2entertain stock it […]

  • '89 Blocks' Set to Kick Off

    TV News Roundup: '89 Blocks' Set to Kick Off Fox Sports Films 'Magnify' Series

    BBC Worldwide, the commercial arm of the U.K. pubcaster, is to pay £17 million ($25 million) to secure full ownership of DVD distributor 2entertain, the highly profitable company that produces home entertainment products of hit BBC shows including “Top Gear” and “Doctor Who.” The deal, announced Thursday, is for the 40% of 2entertain stock it […]

  • The Chambermaid Ventana Sur Fest Traveler

    Ventana Sur Opens Shop for Latin American Film and TV

    BBC Worldwide, the commercial arm of the U.K. pubcaster, is to pay £17 million ($25 million) to secure full ownership of DVD distributor 2entertain, the highly profitable company that produces home entertainment products of hit BBC shows including “Top Gear” and “Doctor Who.” The deal, announced Thursday, is for the 40% of 2entertain stock it […]

  • This, photo shows the 21st Century

    Comcast, Disney Keep Focus on 21st Century Fox Assets Despite AT&T-Time Warner Battle

    BBC Worldwide, the commercial arm of the U.K. pubcaster, is to pay £17 million ($25 million) to secure full ownership of DVD distributor 2entertain, the highly profitable company that produces home entertainment products of hit BBC shows including “Top Gear” and “Doctor Who.” The deal, announced Thursday, is for the 40% of 2entertain stock it […]

  • Nancy Lesser HBO

    HBO Exec Nancy Lesser Sues TV Academy Over Broken Pelvis

    BBC Worldwide, the commercial arm of the U.K. pubcaster, is to pay £17 million ($25 million) to secure full ownership of DVD distributor 2entertain, the highly profitable company that produces home entertainment products of hit BBC shows including “Top Gear” and “Doctor Who.” The deal, announced Thursday, is for the 40% of 2entertain stock it […]

  • Scorpion-cbs TV Show

    How Scooter Braun Turned Luck With First Series 'Scorpion' Into Prolific TV Business

    BBC Worldwide, the commercial arm of the U.K. pubcaster, is to pay £17 million ($25 million) to secure full ownership of DVD distributor 2entertain, the highly profitable company that produces home entertainment products of hit BBC shows including “Top Gear” and “Doctor Who.” The deal, announced Thursday, is for the 40% of 2entertain stock it […]

  • Ted Sarandos Harvey Weinstein

    Netflix Won't Host Golden Globes Party With Weinstein Company

    BBC Worldwide, the commercial arm of the U.K. pubcaster, is to pay £17 million ($25 million) to secure full ownership of DVD distributor 2entertain, the highly profitable company that produces home entertainment products of hit BBC shows including “Top Gear” and “Doctor Who.” The deal, announced Thursday, is for the 40% of 2entertain stock it […]

More From Our Brands

Access exclusive content