The British children’s rights company, whose kids’ properties include the Nick Jr show Olivia, is set to bid for Thomas the Tank Engine. The bidding process has yet to begin though. Apax Partners, the private equity company which hopes to sell Thomas by spring 2011, wants $700 million (£440 million) for Thomas, according to the Daily Telegraph. That’s double what Apax paid for the children’s property back in 2005, I’m told. When Apax last tried to sell Thomas to Disney it wanted $800 million for the little engine, one insider tells me. Disney walked away. Other potential buyers include Disney (again) or a big independent TV producer/distributor like Fremantle, which wants to get into the children’s TV market.
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By TIM ADLER in London | Sunday October 10, 2010 @ 9:24pm PDTTags: Apax Thomas the Tank Engine, Disney, Fremantle, Movies, Thomas the Tank Engine, Thomas the Tank Engine Finance, Thomas the Tank Engine Sale
By TIM ADLER in London | Monday September 20, 2010 @ 8:49am PDTTags: Apax Thomas the Tank Engine, Cinetic, Movies, Thomas the Tank Engine Finance, Thomas the Tank Engine Sale, UTA
UPDATE: Cinetic, the U.S. film financier, and talent agency UTA are currently raising money for a Thomas the Tank Engine movie. Josh Klausner, writer of Shrek the Third, has written the latest draft of the screenplay. Now Apax Partners, …