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UK Businesses For SaleTelevision production business for sale
17/07/2008
The UK-based privately owned television production company, Rapido Television, has hired Livingstone Partners to manage the sale of the company. Rapido is hoping to attract bids for £5m.
Chief executive Mark Hiley has reportedly said that a sale of the business should be completed by the end of the summer. Rapido’s assets include its production brand and its library of shows. The company owns and controls the mobile, online, TV and DVD rights in the UK and worldwide. Rapido has just finished securing these rights back from Channel 4. Potential bidders include those who are looking to get into TV production, music companies, companies rolling out content on mobile phones and web content providers. Rapido is owned and headed by Mark Hiley, Mark Call and Peter Stuart, who founded the company ten years ago. Hiley owns 50% of Rapido and chairman Mark Call owns the remainder. The company is behind shows such as Eurotrash, Fortean TV, Naked City, The Girlie Show and The Write Stuff. 
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