NEWS

New owner sought as BBC Worldwide sells venture

Published on: 20th December 2012

BBC Worldwide and Ragdoll Productions will be selling their joint venture, which owns the rights to the Teletubbies and other pre-school shows In the Night Garden and The Adventures of Abney & Teal.

Marcus Arthur, managing director for BBC Worldwide’s global brands unit, said: “We have taken the decision with Ragdoll to seek a buyer for the successful joint venture we established in 2006.”

The British broadcaster is seeking someone for the joint venture “to invest in and grow the business,” he said.

DC Advisory Partners, which last year sold the rights to characters including Peter Rabbit, Mr. Men and Paddington Bear for entertainment company Chorion, is said to be handling the sale for the BBC.

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