Paddington Bear seeks new home
Tuesday 08 October 1996
The rights, bought for pounds 1.5m just seven years ago by Caspian, the media company that now owns Leeds United, have attracted a bid from Cinar, the Montreal-based maker of childrens' programmes.
Advisers to the two sides are in late-stage negotiations, and it is thought likely that the principals will have face-to-face meetings at Mipcom, the annual TV sales shindig, now under way in Cannes, France.
The deal, if it goes ahead, will mark a further explosion in the value of lucrative rights to revered childrens' characters. The rights to Sooty were sold earlier this year to a group led by Guinness Mahon, the merchant bank.
Caspian declined to comment on the talks, but conceded publicly that discussions were under way. Cinar's chief executive, Ron Weinberg, did not return calls.
The sale of the rights to Paddington Bear, the fictional creation of Michael Bond (pictured with his wife, Brenda, above), follows a strategic decision by Caspian to concentrate on its core media and sport rights, sources close to company said yesterday.
"The company took the view that it should either increase its investment in this kind of business or sell it off," one source said.
- 1 Avengers: Age of Ultron: Nearly 700 German cinemas refuse to show movie
- 2 Donald Trump decides that Baltimore riots are Barack Obama's fault
- 3 X Factor in crisis as numbers of people auditioning plummets
- 4 General Election 2015: Stephen Hawking says he will vote Labour
- 5 Baltimore riots: Furious mother marches her son home live on TV
Bali Nine executions live: Indonesian firing squad shoots dead eight drug offenders despite outcry around world, but a ninth is spared
Keith Harris dead: Orville the Duck ventriloquist dies aged 67 following battle with cancer
The four utterly contradictory polls that tell the story of this election and why it is pointless trying to predict the outcome
Donald Trump decides that Baltimore riots are Barack Obama's fault
General Election 2015: Prospect of Labour-SNP coalition makes one in four voters less likely to support Ed Miliband, says survey
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
EU exit would hit UK economy much harder than neighbouring countries, study finds
Andrew Lloyd Webber: Phantom of the Opera writer mocked after issuing a warning about Ed Miliband and Nicola Sturgeon
General election 2015: Labour will toughen hate crimes legislation surrounding Islamophobia
iJobs Money & Business
£30000 - £38000 per annum: Recruitment Genius: They are a financial services c...
£Basic (OTE) + Uncapped Commission: Guru Careers: A Stockbroker (qualified / p...
£20000 - £60000 per annum: Recruitment Genius: Are you recently QCA Level 4 qu...
£20000 - £22500 per annum + OTE £30K: SThree: SThree Group have been well esta...