Published on June 15th, 2009 | by Christian Cawley0
Future of 2Entertain to be Decided
A High Court hearing involving BBC Worldwide and their stake in Doctor Who DVD publishing business 2Entertain took place on Friday as administrators attempt to tidy up the collapse of Woolworths which also had a stake in 2Entertain.
BBCW claims that following the Woolworth’s collapse in November 2009, a contractual clause was triggered which reverted 2Entertain’s rights to BBC content back to BBCW.
Administrators Deloitte want the court to make a judgement on how much the material is worth – a difficult task when BBCW were planning to pay Â£100m for Woolworth’s 40% of the business before the retail chain went bust.
As far as BBCW is concerned as they are the only party that can exploit the rights, 2Entertain is worthless to any other party.
Deloitte meanwhile content that rights did not revert to BBC Worldwide – as such the estate should be in a position to sell on manufacture and distribution rights on titles that include BBC content.