HIT Entertainment Facing Financial Troubles

As reported in the UK press, HIT Entertainment, the owner of Thomas the Tank Engine is at risk of breaching bank covenants in the next week. It appears that the owner of HIT Entertainment, Apex Partners (a UK-based private equity firm) has experience substantial losses in the last year.

There are also rumors circulating the Internet that Disney may be interested in acquiring the Thomas the Tank Engine brands.

Read more at the Daily Telegraph Web site.