Worldwide picks up minority stake from Woolworths in DVD firm for £17m.
BBC Worldwide has spent £17 million to pick up the stake of DVD firm 2entertain previously held by Woolworths.
According to Worldwide, no licence fee money had been used to purchase the 40 per cent stake. The deal is likely to secure the future of 2entertain, which publishes DVD and Blu-ray titles for a number of BBC shows including Top Gear and Doctor Who. It also distributes shows like Planet Earth around the world.
"I am pleased that we have finally concluded these negotiations and have secured the future of 2entertain," said chief executive of BBC Worldwide, John Smith.
Paul Dempsey, chief executive of 2entertain and MD of BBC Worldwide Home Entertainment, added: "The 2entertain business has not been distracted by the events of the past 18 months, continuing to deliver impressive results.
"Under full BBC Worldwide ownership, it now looks forward to a more settled period and playing an important role in BBC Worldwide's future plans."