Record year for Entertainment Rights - ToyNews

Record year for Entertainment Rights

A solid mix of wholly owned brands and third party alliances helped Entertainment Rights significantly boost its profits and turnover last year.
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Operating profit was up a stunning 134 per cent to £7.5m for the year ending December 31st 2005, while turnover increased by 21 per cent to £30.7m. Profit before tax, meanwhile, soared by 172 per cent to £6m.

Highlights from ER brands throughout the period included Postman Pat, with deals secured in the key pre-school territories of the US, UK, Japan, France and Germany. ER also acquired the rights to Rupert Bear, while also revealing that Guess with Jess, the firm’s latest pre-school offering, has been picked up by the BBC.

“We have had another record year resulting in record profits,” offered Rod Bransgrove, ER chairman. “I am particularly pleased to announce the BBC commission for Guess with Jess. This commission demonstrates the company’s ability to maximise revenue from its quality portfolio of brands and the strength of its commercial relationships with premier broadcast partners.”

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