Broadcast News

Bookmark and Share
19/12/2002

Redundancies announced at HIT Entertainment

HIT Entertainment, home of 'Bob the Builder' and 'Barney the Dinosaur', are to cut 70 jobs after buying the company behind 'Thomas the Tank' Engine earlier this year.
Sixty jobs will go when the Southampton office of Gullane Entertainment, bought by HIT in October for £134m, closes shortly, with a further 10 jobs lost in North America from the closure of the Toronto and Los Angeles branches.
Shares in the group fell 6% in early trading after HIT added that consumers in the US, where the company makes 65% of their turnover, were reining in their spending.
Rob Lawes, the chief executive of HIT, said the Gullance deal, which handed it control of the legendary animated steam engine, also gave the company a bloated workforce.
HIT now employs 450 staff in the UK and the US.
(GB)
VMI.TV Ltd

Top Related Stories
Click here for the latest broadcast news stories.

18/04/2023
TrackIt Achieves AWS Media & Entertainment Competancy Status
TrackIt has announced that it is one of the first partners to achieve the AWS Media & Entertainment Competency status. This latest recognition confirm
22/03/2023
Antenna Entertainment Migrates To Imagine Communications' Cloud Managed Services
When major media organization Antenna Group, based in the Netherlands, acquired Sony Pictures Television's network portfolio in Central and Eastern Eu
08/09/2023
AWS Unveils AWS For Media & Entertainment
Amazon Web Services (AWS) is launching an AWS for Media & Entertainment (AWS for M&E) solution area focused on monetization. Through a combination of
23/05/2023
ACT Entertainment To Offer Lighting Controllers From Visual Productions
ACT Entertainment is to begin offering lighting controllers from Amsterdam-based manufacturer Visual Productions to customers in the United States. Th
27/02/2024
Narrative Entertainment Makes Two Key Appointments
Narrative Entertainment has appointed a new Marketing Director Kate Gartland and Digital Director Jacob Ahlin. Gartland will oversee the Narrative Ent
06/02/2024
9 Story Media Group Acquires Portfolio Entertainment's Slate
9 Story Media Group has acquired Portfolio Entertainment's library, production slate and development projects. Portfolio Entertainment was founded in
11/08/2023
Narrative Entertainment Acquires Exclusive UK Rights To Wild West Chronicles
UK broadcaster Narrative Entertainment has acquired exclusive UK rights to Wild West Chronicles seasons 2 and 3 for its GREAT! action channel. Narrati
11/10/2023
Marshall Cameras Hit Home Run For Arizona Diamondbacks' Broadcasts
For over two and a half decades, John James has been part of the team responsible for bringing Arizona Diamondbacks' broadcasts into viewer's homes. T
07/12/2023
ACT Entertainment Expands Its Reach In The AV Technology Sector
ACT Entertainment continues to expand its reach in the AV technology sector with the acquisition of tvONE, a leading video processing, signal distribu
06/12/2023
ITV Studios Appoints Jaye Entertainment
ITV Studios has appointed Jaye Entertainment as its new distribution agent in South Korea. The exclusive two year deal which commences in 2024, will s
06/12/2023
DIAGNAL Announces Technology Partnership With Celestial Tiger Entertainment
DIAGNAL has announced a technology partnership with Celestial Tiger Entertainment (CTE) for the development and launch of CTE's new Chinese movies str
19/06/2006
HIT Entertainment Brings Content Encoding In-house With ContentAgent-XR
HIT Entertainment is one of the world's leading pre-school children's entertainment producers and rights owners and has an exceptional portfolio of pr
15/06/2004
Bectu claim BBC Technology bidders handed 'jobs hit list'
According to Bectu, both companies left in the race to buy BBC Technology have been shown a secret plan for redundancies. Code-named 'Project Leo', th
21/11/2023
The Walt Disney Company Appoints Senior VP And CFO
Hugh F. Johnston has been named Senior Executive Vice President and Chief Financial Officer of The Walt Disney Company effective 04 December. Johnston
15/06/2023
The Tiffen Company Adds New Special Effects To Its Optical Filters
The Tiffen Company has added a new special effects filter to its line of optical filters. The Blue Streak filter is designed to render a blue light ra