ER in takeover talks

Entertainment Rights has received a takeover approach.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

The Postman Pat and Rupert Bear producer said it is in preliminary talks, which could lead to an offer being made.

Weekend reports linked the firm with Israeli media entrepreneur Haim Saban and Chorion-owner 3i.

Last Friday it announced a profit warning after missing its revenue forecasts for the second half of 2007 and its profits being hit by a shortfall in sales.

The firm said in a statement: "The board anticipates that group revenues for the year ended December 31st 2007 are expected to be slightly below the lower end of the current range of market expectations with a consequent impact to reported profitability.

“While it is disappointing to report a trading period that is below our expectations, the board remains confident that ER's business model is robust."

Related

5_Pocoyo.jpg

New chief for ER

Firm unveils Phillips? replacement along with board changes, new bank facilities and trading update.

5_Pocoyo.jpg

Vivid dismisses sales talk

Vivid Imaginations has dismissed a report in The Times that is about to be sold as ?highly speculative?. The story in The Times said that Phoenix Equity Partners, Vivid?s Imagination's...

5_Pocoyo.jpg

Argos rises amid sale talk

Argos and Homebase owner, Home Retail Group, declined to comment today on reports it is being eyed by private equity groups Blackstone and Kohlberg Kravis Roberts.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.