Published on November 26th, 2008 | by Christian Cawley0
Credit Crunch Hits Doctor Who Merchandise
And in financial news… you may have heard the news that UK high street retailer Woolworths is in dire straits, with one of the most common stops for those wanting to purchase Doctor Who toys entering administration today.
Woolworths are also co-owners – alongside BBC Worldwide – 2entertain, the company responsible for issuing BBC DVDs. 2entertain seems safe however whatever happens to Woolworths, with BBC Worldwide likely to purchase Woolworths shares in the DVD publisher.
Elsewhere, Character Group – the parent company of Character Options who manufacture Doctor Who toys – have seen their share price tumble. As master licensee for Doctor Who toys as well as license holder for Hannah Montana and High School Musical, Character Options have on their hands some of the biggest childrens titles at the moment – yet they have confirmed they’re likely to show a pre-tax profit of just £5m for 2008, compared to £11.8m last year.
Grim times ahead – look out for bargains, however.