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Last Updated: Monday, 13 September, 2004, 07:05 GMT 08:05 UK
Tweenies maker bought for 3.1m
The Tweenies are very popular worldwide
Entertainment Rights has bought Tell-Tale Productions Limited, creators and producers of award winning The Tweenies, for 3.1m ($5.56m).

The BBC show featuring the brightly coloured characters has been a hit in 70 countries, generating sales worth millions of pounds.

The programme features characters Milo, Jake, Bella and Fizz.

"This is a significant acquisition," said Mike Heap, chief executive of Entertainment Rights.

"With the combination of Tell-Tale's strong creative talent and ER's strength and expertise in television and video distribution, licensing, merchandising and brand management, the combined company will be a formidable force in the worldwide kids market.

"The Tweenies have sold more than three million videos in Britain alone and have even scored a Top 10 hit single."

Earlier this year television company Nickelodeon bought the rights to broadcast the show in the US.

And there are plans to produce a full-length Tweenies feature film between 2005 and 2006.

Entertainment Rights is a UK media company specialising in the ownership, development, distribution and merchandising of children's and family programming, characters and brands.

Its portfolio of characters includes Postman Pat and Basil Brush.

Tell-Tale's latest audited accounts for the year to 31 March 2003 report profit after tax of 900,000 and net assets of 1.4m.

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