Rod Henwood Invests In Bin Weevils!

Hey Weevils!

Following the information from Bin Weevils Wiki, I have decided to do some extra digging. This is what I found about Rod Henwood:

SpongeBob SquarePants

SpongeBob SquarePants: Bin Weevils virtual community will be able to watch the show online. Photograph: c.Paramount/Everett / Rex Features

Rod Henwood, the man behind Channel 4’s 4oD service and ex-head of Project Kangaroo, has emerged as an investor in a website offering games and TV shows to kids in a 3D virtual world.

Henwood has been made a member of the board of the platform called Bin Weevils, which competes against Disney’s Club Penguin and to an extent the BBC’s CBBC website.

He is understood to have invested a “significant sum” in the business in return for an undisclosed stake. The company has investors including Viacom-owned Nickelodeon, which is thought to hold a stake of about 10%.

The company has also today announced three-year video-on-demand deals with Cartoon Network and Nickelodeon to offer members of the Bin Weevils virtual community the chance to watch more than 200 hours of TV shows including SpongeBob SquarePants and Ben 10.

Henwood was behind Channel 4’s involvement in Project Kangaroo until he left in late 2007. He later became chief executive of the video on demand venture, which was shutdown last year after falling foul of competition regulators.

He has been instrumental in introducing subscription content to Bin Weevils. The new video-on-demand content will only be made available to subscribers who pay £4.95 per month, or £2.95 per month if they sign for a year, providing access to a virtual cinema multiplex on an island where users’ avatars can interact while watching shows together.

Parents have to pay for kids who want to sign up to the subscription service. Henwood, who will not say how many subscriptions the website has other than that it is “doing well” since launching in May, refers to the interactive element of the TV deals as “social video on demand”.

“The partnerships … will take Bin Weevils to the next stage of development and differentiate it from its competitors,” said Henwood.

Henwood became an investor when Bin Weevils sought a second round of funding and was joined by Richard Watney, now chief executive, and Miles Johnson.

The company was co-founded by Mike Crosby and Amelia Johnson, who are also behind independent children’s TV production company Prism Entertainment.

– hf556

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About hf556

Hello, I'm hf556! I enjoy reporting the latest Bin news and my favourite games are Rum's Luggage Rummage, Lab's Lab and Wack A Weevil! I'm all blue with a set of super legs and antennas! . I was taught at Flem Manor School and later trained to be a secret agent at Castle Gam! My favourite locations are Nest Street, Flum's Fountain and Rum's Airport. My favourite films are Gam saves the Bin, Clott almosts blows the Bin apart and Bunty goes shopping crazy. My favourite nest items are Bling's wallpaper, Clott's explosion chair and Bunty's shopping list. My disliked nest items are Scribbles' clock, Tink's lamp and the Top Trump poster. My best buddies are Dumdawg, Emeeyceey, Eddzy, Mackied, Tum103 and Tiny-Weevil. I hope you enjoyed reading my profile!

Posted on May 25, 2013, in Bin Weevils and tagged , , , , , , , , . Bookmark the permalink. 30 Comments.

  1. htcbintophow

    Reblogged this on all things weevily! and commented:
    Ohhhhhhh
    very exciting!
    As we all know, the updates arent always that good so lets hope for the best!
    There was some very interesting comments for that too!

    Like

  2. Reblogged this on Bin Weevils Broadcasters and commented:
    Bin Weevils has been bought for 8 million pound. To do every bin thing you need to buy a tycoon. Bin Weevils Broadcasters may give one away!

    Like

  3. Np
    Remember to Enter your blog into the The Checker Awards 2013 !
    Check our blog for all details on the page !

    Like

  4. Reblogged this on Chocolate Checkers and commented:
    Bw has been bought for £8 million by new owners
    That’s why everything is tycoon !!

    Like

  5. Also do you Reckon there Will be a New Bin Coming are Way Because it looks like Bin weevils are Very Busy?

    Like

  6. Sames Because i think The Reason why they Changed Everything is because they have a New owner Does james still work there thoe?

    Like

  7. So does this mean Bin Weevils are Adding More Shows

    Like

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