Studiocanal has acquired Paddington and Company, the Copyrights Group, and Havey Unna and Stephen Durbridge LT., giving them complete ownership of nearly all the Paddington Bear brand worldwide. Studiocanal identified ownership and growth of European properties as a major focus for the company.
The Paddington Bear sequel is set to begin production this year with a fall 2017 release. It is produced by David Heyman and will be directed by Paul King. Studiocanal is also committed for a third Paddington movie. The first film was released in 204 and earned $290 million worldwide making it Studiocanal’s biggest theatrical total ever, and the highest gross for a non-U.S. studio released family film.
The acquisition also includes filmed and TV usage of the character, in addition to live entertainment, video games, and theme parks.
Paddington and Company has the intellectual property rights to the character, not including publishing rights, while the Copyrights Group acts as merchandise licensing agent.
The character was created by author Michael Bond in 1958, debuting in the book A Bear Called Paddington. The books have sold over 35 million copies in more than 40 languages and the brand is ranked number four in the most influential 2015 family entertainment brands according to licensing.biz.
Emily J | Staff Writer