Hat Trick moves into films
Thursday 13 April 1995
VCI, the UK audio and video publishing company, is teaming up with Hat Trick Productions, makers of popular TV series such as Drop the Dead Donkey and Have I Got New For You to get into the film business.
VCI, best known for its range of mid-price video and audio cassettes, will put up £250,000 initially to take 49 per cent in Hat Trick Films, with the possibility of another £450,000 between now and September 1996.
The company stressed it would not take part in financing film production itself, but rather the development of scripts. Hat Trick Films intends to develop up to 10 scripts a year, at a cost of about £50,000 each. In return, VCI will share profits on a pro-rated basis and secure UK video rights to all films produced under the joint venture label.
Chief executive Steve Ayres said that the deal would provide a "catalogue of potentially highly successful programming for our video business". VCI, with sales in 1994 of £60m, holds rights to the best-selling Shape Challenge fitness video, children's titles such as Thomas the Tank Engine and many of Hat Trick's TV programmes. It also makes audio cassettes under the MCI and Music Club brands and has a small CD-ROM list.VCI also distributes the products of other audio, video and computer software publishers.
Hat Trick Productions was set up in 1986 by the producers of such programmes as HitchHiker's Guide to the Galaxy, Radio Active and Spitting Image. The company has been responsible for Clive Anderson Talks Back andWhose Line is It Anyway.
The film business marks a departure forHat Trick. Denise O'Donoghue, managing director, said the company would apply "the same editorial rigour and financial management" for which its TV arm is known.
Several software publishers, on their own or through joint ventures, have been looking at making products for their range of audio, video and compact disc formats. Philips New Media, part of the electronic giant Philips, has been working with Irish band U2 and a creative team to develop an interactive CD-ROM game using the band's music. Publisher Dorling Kindersley is also expanding its range of CD-ROM titles.
"Content is king" is the new mantra in the publishing business.
Threat of 'catastrophic cascade of collisions' must be averted, warn scientists
Wellcome Image Awards: The most striking images from the world of science, including breast cancer cells under chemical attack and a photographer’s own kidney stone
Missing Malaysia Airlines plane: 'All passengers' under investigation, police say
Bob Crow death: 'Admired by his members, feared by employers' - Tributes pour in for RMT union leader and 'working class hero' Bob Crow
Oscar Pistorius murder trial: Athlete repeatedly sick as court hears 'graphic details' of Reeva Steenkamp's post-mortem
How climate change helped Genghis Khan: Scientists believe a sudden period of warmer weather allowed the Mongols to invade with such success
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
Exclusive: Impact of immigrants on British workers ‘negligible’
Vince Cable: Teachers 'know absolutely nothing' about the world of work
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
The quiet diplomat: Catherine Ashton - recognised and admired in all the world’s troubled countries, yet ridiculed at home
- 1 Pakistan vs Paul Smith: Sandal-wearers bemused by famed British designer's attempts to sell traditional Peshawari chappal-style shoes for the distinctly untraditional sum of £300
- 2 Family forced to flee home after discovering 'terrifying' nest of spiders in bananas
- 3 First Kiss: Filmmaker gets 20 strangers to make out on YouTube with awkward results
- 4 Grace Dent: Who cares if she spells it Barraco Barner? Gemma Worrall is more employable than some bookish arts graduate
- 5 Bob Crow death: 'Admired by his members, feared by employers' - Tributes pour in for RMT union leader and 'working class hero' Bob Crow
iJobs Money & Business
£1000 per month: Inspiring Interns: The company works with Tier 1 FTSE 100 Ban...
£35000 - £60000 per annum + Bonus + Benefits: Pro-Recruitment Group: You must ...
£60000 - £80000 per annum + BONUS + BENEFITS: Harrington Starr: A top, City ba...
VOLUNTARY ONLY - EXPENSES REIMBURSED : Reach Volunteering: Fantastic opportuni...