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2entertain Future Secured

Following the crash of co-owner Woolworths as an early casualty of the recession, 2entertain – the publishers behind your Doctor Who DVDs – have finally seen its future secured thanks to a full purchase by BBC Worldwide.

2entertainOriginally created in September 2004 as a 60:40 joint venture with Woolworths (which combined the former VCI video/DVD, music and TV production business with BBC Worldwide’s video publishing arm) 2entertain has been for sale since 2008.

The agreed price of £17m for the purchase of the outstanding 40% minority stake in 2|entertain has been funded from existing cash at BBC Worldwide, which has no access to licence fee income.

Paul Dempsey, CEO of 2|entertain and Managing Director, BBC Worldwide Home Entertainment, said:

“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.

Responsible for extending the global reach of British programmes from Top Gear to Doctor Who, 2|entertain distributes product in over 60 territories worldwide, including North America, Australia and Japan.

2|entertain contributed £28.6m in 2008/09 to BBC Worldwide profits, with sales of £176.4m in this period.

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