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.
- 1 Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
- 2 I might be an MP, but that doesn't stop me fighting sexism with my breasts
- 3 Martha Stewart accuses Snoop Dogg of 'smoking for four hours' during Justin Bieber Roast
- 4 Google April Fools': company unveils backwards search engine and huggable digital assistant
- 5 April Fools' Day 2015: The best hoax news stories from around the internet
Martha Stewart accuses Snoop Dogg of 'smoking for four hours' during Justin Bieber Roast
April Fools' Day 2015: The best hoax news stories from around the internet
April Fools' Day 2015 live: The best pranks and fake stories from around the world
University of Cambridge: Remains of 1,300 scholars are found under building
Turkey power cut: Prime Minister says nationwide blackout could be caused by terrorists
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
The West has it totally wrong on Lee Kuan Yew
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
iJobs Money & Business
£20000 per annum + commission: SThree: Sthree have an exciting opportunity for...
£18000 - £32000 per annum: Recruitment Genius: A Telesales Executive is requir...
£45000 - £50000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50,000 - £55,000: Neil Pavier: Are you a professionally qualified commercial ...