Wednesday 24 Sep 2014
³ÉÈË¿ìÊÖ Worldwide has announced that Paul Dempsey, ³ÉÈË¿ìÊÖ Worldwide's Managing Director for ³ÉÈË¿ìÊÖ Entertainment, today replaced Richard Green, who has left the company, as 2|entertain's Chief Executive. Dempsey will take on the role in addition to his current post as ³ÉÈË¿ìÊÖ Entertainment MD at the commercial arm of the corporation.
2|entertain was created in July 2004 as a 60:40 joint venture with Woolworths Group, combining the former VCI video/DVD, music and TV production business with ³ÉÈË¿ìÊÖ Worldwide's video publishing arm. Since late last year, ³ÉÈË¿ìÊÖ Worldwide has been in negotiation with both Woolworths and subsequently their administrators to acquire the outstanding 40% stake in the business.
Dempsey was appointed to ³ÉÈË¿ìÊÖ Worldwide's Board last December and oversees ³ÉÈË¿ìÊÖ Audiobooks, Audio & Music (comprising music licensing, publishing and content development) and 2|entertain. He also represents ³ÉÈË¿ìÊÖ Worldwide's interests in its joint ventures with Random House (³ÉÈË¿ìÊÖ Books) and Pearson Education (³ÉÈË¿ìÊÖ Active), taking a seat on the board of all joint ventures managed within the ³ÉÈË¿ìÊÖ Entertainment business.
Commenting on the new role, Dempsey said: "2|entertain is a terrific British-owned company producing some of the most popular and highest quality DVDs around, including the majority of the ³ÉÈË¿ìÊÖ catalogue. Although we are still negotiating terms for the sale of the outstanding 40% stake of 2|entertain, my arrival as Chief Executive is to ensure that the business is in the best possible shape when full ³ÉÈË¿ìÊÖ Worldwide ownership occurs."
Prior to joining ³ÉÈË¿ìÊÖ Worldwide, Dempsey's career was in sales and marketing and included eight years at Mars Confectionery followed by two years as Sales Director of Frontline Ltd, ³ÉÈË¿ìÊÖ Worldwide's magazine distribution partnership with H Bauer and Haymarket. He joined ³ÉÈË¿ìÊÖ Worldwide in 1998 as UK Sales Director and became Managing Director of ³ÉÈË¿ìÊÖ Audiobooks in 2001. In 2007 he was given responsibility for ³ÉÈË¿ìÊÖ Worldwide's Audio & Music business which was established to work closely with its counterpart, the ³ÉÈË¿ìÊÖ's Audio & Music division to commercially exploit their programming, archive and brands.
NOTES TO EDITORS
About 2|entertain
2 entertain is the UK's leading global entertainment player, 2|entertain consists of three divisions: 2|entertain video, Demon Records and Banana Split Productions. 2|entertain was created in July 2004 as a joint venture with Woolworths Group, combining the former VCI video/DVD, music and TV production business with ³ÉÈË¿ìÊÖ Worldwide's video publishing arm.
Philip Fleming
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