You may not be aware of the title Bagdasarian Productions, however you undoubtedly know the company’s main asset: the rights to the “Alvin and the Chipmunks” franchise. The animated music group which began as a humble and shock hit novelty report within the late 50s and has gone on to span varied animated collection, function movies, and untold merchandising is being shopped round on the market.
Bagdasarian Productions is on the lookout for a promoting value of round $300 million, and have reportedly met with quite a lot of totally different potential patrons, ViacomCBS amongst them. However a mutually passable monetary association has but to be reached, in line with an unnamed supply stated to be near the scenario.
Regardless of its multimedia success, “Alvin and the Chipmunks” has remained a household operation for the final a number of many years. Bagdasarian Productions is owned by Ross Bagdasarian Jr. and his spouse Janice. Ross’ father, Ross Bagdasarian Sr., created the Chipmonks. He left the franchise to his kids. In some unspecified time in the future within the Nineteen Nineties Ross Jr. and Janice purchased out the opposite siblings to turn into 100% fairness house owners of the franchise’s mental property rights. Ross and Janice have been reportedly working the franchise for the final 20 years from their front room in Santa Barbara.
It’d nicely be a great time to money out, since corporations like Viacom, Warner Bros, Disney, and others are looking for extra and extra content material to populate their proprietary streaming providers. Full possession of a recognizable property like “Alvin and the Chipmunks” can be an attractive prospect for any one in every of them.
It is also been reported that Bagdasarian Productions first tried to unload the “Alvin and the Chipmunks” rights about 4 years in the past, hiring monetary companies to attempt and promote the corporate, however weren’t capable of finding a deal again then. Time will inform whether or not they’ll come any nearer to discovering a purchaser this time round.
For perspective, in September Netflix acquired 100% IP rights to all of Roald Dahl’s works for a reported $1.5 BILLION.