Children entertainment is very important to get right and everyone who has ever been involved with Entertainment Rights, Sleep Kids or this organization under any other name completely understands that (we’ve changed names several times). We hope that as a parent or an adult period, that you can understand and appreciate the dedication our team gives day in and day out. Please do have a look at some of the things we’ve done, the products we produce and tell others about it…
In 1989 Entertainment Rights Pic, a global media company focused on children and family television programming was created as Sleepy Kids. Sleepy Kids became Entertainment Rights in 1999 when it shifted its efforts to children’s character and brand development. Boomerang Media acquired Entertainment Rights in April of 2009 and absorbed their subsidiaries and offices under the name, Classic Media.
Martin and Vivien Schrager-Powell produced Portsworth and Co, a children’s animated series in concert with Hanna-Barbera in 1989 under Sleepy Kids PLC. Soon after this venture, Sleepy Kids was floated on the stock exchanges. Later productions of Dr. Zitbag’s Transylvania Pet Shop and Budgie the Little Helicopter propelled the company into expansion mode.
Sleepy Kids acquired Siriol Productions during a period of rapid growth in 1998 and 1999 and joined with The Richard Digance Card Co, Clipper Flilms Ltd, and Ridgeway Films LTD in December of 1988.
Growth continued rapidly in 1999 with the acquisition of Boom Boom Ltd, Carrington Productions International and Dr. Zitbag’s Transylvania Pet Shop as part of a plan to create a major intellectual property rights ownership business.
Promptly after this burst of new growth, there was a name change to SKD Media, which only lasted for a year before another name change to Entertainment Rights took place.
Now Entertainment Rights
The new and much larger company continued to expand by acquiring rights to other studios including Link Entertainment, Varga London, Woodland Animations, Hibbert Ralph Entertainment, Golden Books Entertainment, Broadway Video, Little Entertainment Co and the Maddocks Animation Library, in 2001. 2004 brought yet more expansion with the acquisition of Tell-Tale Productions and the majority of rights to the Filmation Library from Hallmark Entertainment.
A management buyout in 2005 with Siriol Productions resulted in the new name of Calon. Current projects and some back catalogues were included in the deal, however, the majority of rights of already existing programs continued to be held by Entertainment Rights.
US-based rival Classic Media was acquired in January 2007 for $210 million. Prior to this acquisition, both Classic Media and Entertainment Rights announced production and distribution agreements with Genius Products LLC.
Deborah Dugan, former president of Disney World Publishing Worldwide, was selected as Chief Executive Officer in December 2008. This move was a desperate attempt to ease cash flow problems and help the company gain stability.
By January 2009, on the heels of a major market value collapse, the company cut a third of its staff. Six different companies proposed to buy the firm by the beginning of February just as the Financial Services Authority leveled a fine for $393 million. This fine resulted when the company left shareholders out of the loop on a possible $14 million earnings.
By April, after the company going in to Administration, Boomerang Media acquired all Entertainment Rights subsidiaries.
Will Brenton and Iain Lauchlan created Tell-Tale Productions in 1994 as a personal “writing tool.” With the production of The Tweenies in 1999, things changed and the company expanded to employ more than 60 people. By September 2004 Tell-Tale became a wholly owned subsidiary of Entertainment Rights for a price tag of $5 million.
John Engelman, former Broadway Video Executive and Eric Ellenbogen, former Marvel Entertainment CEO formed Classic Media, LLC in 2000. They inspired to acquire and breathe new life into classic poorly managed properties.
Properties Classic Media acquired included; Harvey Entertainment, Golden Books Entertainment, Untied Productions of America, Golden Books Family Entertainment, Big Idea Entertainment and Entertainment Rights.
An investment group comprised of Spectrum Equity Investors and already existing partner Pegasus Capital Advisors recapitalized the company in 2005. Qubo, a kids and family entertainment network was launched in 2006 when Classic Media partnered with Corus Entertainment, ION Media Networks, NBC Universal and Scholastic Corporation.
Entertainment Rights purchased Classic Media in December 2006 for $210 million. Both companies had announced distribution and production agreements with Genius Products LLC prior to the acquisition.
Boomerang Media LLC gained Entertainment Rights’ U.S and UK subsidiaries including Big Idea, Inc. and Classic Media on April 1, 2009. Classic Media announced on May 11, 2009 that former U.S. and U.K. subsidiaries would unify under the company parent name, Classic Media while Big Idea Inc. would operate as itself. One favorite created was “George of the Jungle” (below).
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The Board оf Entertаinment Rіghts hаѕ еxрlоred а broad rаngе of ѕtratеgic oрtіons оver thе рaѕt sіx mоnths іnсluding thе poѕѕibilіtу оf rеѕtruсturing or rеfinancing the Companу'ѕ dеbt, rаiѕіng nеw equіty and a ѕаlе оf аll оr рartѕ оf the buѕіneѕѕ of thе Entertаіnment Rіghtѕ grоup оf соmраnies (thе "Grоup"). Deѕріte thе fіnanсіаl ѕuppоrt оf thе Grоuр'ѕ lendеr thrоugh thіs perіоd, the Grоuр has bееn unаblе tо аchіevе а sоlvent rеstruсturіng of thе Cоmрanу. Accоrdinglу, the direсtors оf thе Cоmpаny hаve apроintеd tоday аs Joіnt Admіnistratоrѕ, purѕuаnt tо рarаgraрh 22 of Sсhеdule B1 to thе Insolvenсу Aсt 1986, Nіchоlаѕ Guу Edwardѕ аnd Carltоn Mаlcоlm Siddlе оf Dеloittе LLP (the "Jоіnt Admіnіѕtrаtоrѕ") wіth іmmеdіate еffеct. Entеrtainment Rightѕ' рrinсiраl UK and US trаding ѕubѕіdіаrіеѕ аre not іn аdmіnіstrаtion and соntіnuе to trаdе as nоrmal. Immеdіately fоllowіng the аpроіntmеnt of thе Jоint Admіnіstrаtorѕ, thе Cоmpanу (асting by itѕ Jоint Admіnіѕtratоrѕ) ѕоld the ѕharеѕ[...]