ER clear out on the cards?

Sunday Times report says firm has drawn up a list of disposals to reduce its debt.
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A report in The Sunday Times has stated that Entertainment Rights has drawn up a list of disposals as part of a plan to pay down its £127 million debt.

The story says that ER has received approaches for several of its children's characters as it discusses increasing the headroom on its borrowing covenants with lender HBOS.

Entertainment Rights is due to report its interim results later this week.

Despite its turbulent financial situation, it is currently enjoying success with new-look Postman Pat series, Special Delivery Service, on Cbeebies and BBC2. It is also returned from Mipcom earlier this month having completed a number of new deals for Shelldon and Transformers Animated.

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