Woolies and Auntie team up
p2pnet.net News:- Two of Britain’s best known ‘institutions’ – Woolies and the Beeb – have teamed up to form a joint venture.
BBC Worldwide Ltd, the BBC’s consumer commercial arm, and Woolworths Group plc plan to work together "in video and music publishing and TV/video production." they say.
2 entertain Limited will, "combine the current video and music publishing and TV/video production businesses of the Woolworths Group subsidiary, VCI plc, with the video publishing business of BBC Worldwide, say the Beeb and Woolies in a statement.
"BBC Worldwide is to retain video publishing rights in Music, Educational and Children’s programming. A UK sales and distribution arrangement for BBC Children’s video titles has been agreed with the new venture."
Completion of the deal is conditional on regulatory and financing clearances.
