Offer Talks End at ER

LONDON, April 22:
Entertainment Rights has said it is no longer in takeover talks, after
preliminary negotiations with unnamed parties began back in January.

In a statement, Rod
Bransgrove, the chairman of Entertainment Rights, said: “The Board of ER
believes that the company has significant underlying value and remains in a
strong position with regard to generating returns from its extensive portfolio of
brands and content. The appointment of Nick Phillips as CEO in March 2008
provides the company with the leadership to drive its growth going forward. We
look forward to updating shareholders further in this regard in due course.”

—By Mansha Daswani