CHF Entertainment to close

The animation production company behind Daisy & Ollie and Pip Ahoy! is to be shuttered by the CHF Media Group as a consequence of HMRC rule changes, LTW.MEDIA has learned

Written by Rhys Thomas

Posted 06.06.2019 | Watch

CHF Entertainment to close thumbnail

LTW.MEDIA has learned that CHF Media Group is to close CFH Entertainment, the group’s animation arm which is behind animated series such as Daisy & Ollie and Pip Ahoy!

The closure is a result of changes to HMRC ruling. CHF Entertainment provided animation production services to companies which were funded through the CHF Media Fund. Previously, these investee companies were permitted to outsource their animation production, as is the industry standard, but the recent HMRC rule changes now requires investee companies to produce their own content in-house.

A source close to the matter told LTW.MEDIA that the result effectively makes CHF Entertainment redundant. 

Drespite CHF Entertainment's dissolution, LTW.MEDIA has been told that production on 52 brand-new episodes of Daisy & Ollie, which counts comedian Jason Manford as Executive Producer and voice star, will continue as planned. More details will be shared in due course. 

In a statement sent to LTW.MEDIA, Adrian Wilkins, CEO of CHF Media Group, says: “Whilst the HMRC rule changes have meant that CHF Entertainment will close, the investee companies funded via the CHF Media fund will not be affected by this decision.

“The investee companies are independent businesses in their own right and will continue to grow and develop into established brands, which is the reason why the CHF Media Group and investors via the CHF Media Fund supported them in the first place.

“For example, the investee company which owns the rights to the show Daisy & Ollie is scheduled to begin production on series 3 and 4 next month, building on the success to date of the brand.”

With the closure of CHF Entertainment, CHF Media Group intends to pivot and place greater emphasis on licensing and merchandising its content, rather than offering production services. It will also continue to offer fundraising and licensing services to third parties.

A tribute to David Cardwell thumbnail

A tribute to David Cardwell

LTW.MEDIA’s Malcolm Naish celebrated the life and legacy of the late industry legend at an event last night

Kid-E-Cats debuts on Gulli thumbnail

Kid-E-Cats debuts on Gulli

APC Kids’ hit animated series brings series one and two to the French free-to-air broadcaster

Harry Potter flagship headed to NYC thumbnail

Harry Potter flagship headed to NYC

Warner Bros. to open world’s first flagship store for the wizarding property in the heart of the city, promising magical ...

Press Releases

Energizer spotlights Masha the Bear thumbnail

Energizer spotlights Masha the Bear

Animaccord and Energizer partner on Masha and the Bear licensed torches, heading to retail across EMEA in 2020

Elmo’s World comes to UK’s Tiny Pop in 2020 thumbnail

Elmo’s World comes to UK’s Tiny Pop in 2020

Kids’ TV channel expands its Sesame Street content with new series of short-form, interactive episodes

Milkshake picks up Pirata & Capitan S2 thumbnail

Milkshake picks up Pirata & Capitan S2

UK kids’ block acquires second series of the Millimages pre-school animation after successful first run

Moorcroft is Chelsea’s Choice thumbnail

Moorcroft is Chelsea’s Choice

Moorcroft and RHS present the limited-edition vase Chelsea’s Choice, celebrating Chelsea Flower Show 18 Plant of the Year