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Chorion Limited
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Chorion Limited
Chorion Limited was a multinational media production company with offices in London, New York, and Sydney. The company produced TV shows and feature films, and was best known for its portfolio of entertainment brands. These included children's characters such as Paddington Bear, Peter Rabbit, Mr. Men, The Very Hungry Caterpillar, Olivia, Gaspard and Lisa and Noddy. The company also owned the rights to the Agatha Christie Estate (including the Miss Marple and Poirot characters), Raymond Chandler, and Georges Simenon.
Chorion existed initially as a diversified entertainment company, with a portfolio of Intellectual Property (IP) rights, live entertainment venues and commercial real estate. From 2002 onwards, the business was refocused towards heritage IP Rights management and media production.
In 1994, the Burford Group purchased the London Trocadero entertainment complex in Piccadilly Circus, London for £94 million Nick Leslau and Nigel Wray, the operators of the complex, branched off on their own and separated the Trocadero's operations as a stand-alone company in 1995, called Trocadero PLC.
In January 1996, Trocadero PLC acquired Darrell Waters Ltd., the holding company for the estate of children's author Enid Blyton for £14.6 million. They soon formed a new subsidiary - Enid Blyton Ltd. to handle all intellectual properties, character brands, and media in Blyton's works. However, with this addition for the complex, along with a major tenant in the form of SegaWorld London, the company still failed to attract visitors. In 1997, John Conlan and Nick Tamblyn took over as the company's operators and re-structured Trocadero to focus on acquiring other intellectual properties and nightlife venues.[citation needed]
On 4 April 1998, Trocadero PLC was renamed as Chorion PLC, and under its new structure, both divisions of the company had expanded. The Bars & Nightclubs division acquired the London-based Oxygen, Zoo Bar/Venom, and Bar Madrid Nightclubs from Luminar PLC With their first nightclubs under their ownership, Chorion opened Tiger Tiger nightclub on London's Haymarket in late 1998. Tiger Tiger was the flagship of the company's nightclubs, with additional venues planned from 1999 onwards.
For Chorion's IP division, the company's first step into becoming the media production company it ultimately became came in June 1998, when Chorion acquired the rights to the Agatha Christie literary estate, with a vision of reviving the crime brand through new TV production and exporting the property to the United States, and soon afterward purchased the literary estate of Georges Simenon.
Despite the success of these nightclubs, it became increasingly clear that Chorion's business was made up of two very different divisions: a media production and rights ownership division, and an entertainment venue division. Analysts frequently cautioned that the company would not unlock its full value until these two businesses were demerged.
In February 2000, Chorion sold its ownership of the loss-making Trocadero Centre back to its previous owner, Burford Holdings. Later that year, in May 2000, the management announced during an Annual General Meeting their intention to demerge the nightclub and venue business from the media business.
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Chorion Limited
Chorion Limited was a multinational media production company with offices in London, New York, and Sydney. The company produced TV shows and feature films, and was best known for its portfolio of entertainment brands. These included children's characters such as Paddington Bear, Peter Rabbit, Mr. Men, The Very Hungry Caterpillar, Olivia, Gaspard and Lisa and Noddy. The company also owned the rights to the Agatha Christie Estate (including the Miss Marple and Poirot characters), Raymond Chandler, and Georges Simenon.
Chorion existed initially as a diversified entertainment company, with a portfolio of Intellectual Property (IP) rights, live entertainment venues and commercial real estate. From 2002 onwards, the business was refocused towards heritage IP Rights management and media production.
In 1994, the Burford Group purchased the London Trocadero entertainment complex in Piccadilly Circus, London for £94 million Nick Leslau and Nigel Wray, the operators of the complex, branched off on their own and separated the Trocadero's operations as a stand-alone company in 1995, called Trocadero PLC.
In January 1996, Trocadero PLC acquired Darrell Waters Ltd., the holding company for the estate of children's author Enid Blyton for £14.6 million. They soon formed a new subsidiary - Enid Blyton Ltd. to handle all intellectual properties, character brands, and media in Blyton's works. However, with this addition for the complex, along with a major tenant in the form of SegaWorld London, the company still failed to attract visitors. In 1997, John Conlan and Nick Tamblyn took over as the company's operators and re-structured Trocadero to focus on acquiring other intellectual properties and nightlife venues.[citation needed]
On 4 April 1998, Trocadero PLC was renamed as Chorion PLC, and under its new structure, both divisions of the company had expanded. The Bars & Nightclubs division acquired the London-based Oxygen, Zoo Bar/Venom, and Bar Madrid Nightclubs from Luminar PLC With their first nightclubs under their ownership, Chorion opened Tiger Tiger nightclub on London's Haymarket in late 1998. Tiger Tiger was the flagship of the company's nightclubs, with additional venues planned from 1999 onwards.
For Chorion's IP division, the company's first step into becoming the media production company it ultimately became came in June 1998, when Chorion acquired the rights to the Agatha Christie literary estate, with a vision of reviving the crime brand through new TV production and exporting the property to the United States, and soon afterward purchased the literary estate of Georges Simenon.
Despite the success of these nightclubs, it became increasingly clear that Chorion's business was made up of two very different divisions: a media production and rights ownership division, and an entertainment venue division. Analysts frequently cautioned that the company would not unlock its full value until these two businesses were demerged.
In February 2000, Chorion sold its ownership of the loss-making Trocadero Centre back to its previous owner, Burford Holdings. Later that year, in May 2000, the management announced during an Annual General Meeting their intention to demerge the nightclub and venue business from the media business.