Why would the TVS collection have been included with the sale of a property?
1. IFE owned the Maidstone Studios as a result of their 1993 takeover of TVS. They were sold to Flextech in 1996, along with The Family Channel (UK). This is all irrelevant. When IFE was sold in 1997, they had an agreement of some sort where some archive stuff was kept there.
Have you actually seen this agreement or have cast iron concrete proof that the agreement even exists at all? Without such an agreement it is assumed that anything inside the Maidstone Studios from a doorknob to the tapes of the TVS archive will be automatically included in the sale.
Sorry, that's bollocks.
Asset sales are usually specified lists of assets. Intellectual property does not transfer with the sale of an asset unless specifically listed. Anything not listed is not included. If I sold my flat, and left behind some sort of artwork I had created - while the new owner could possibly claim title to the physical object, the IP would remain mine.
With corporate takeovers the reverse is true - every asset the company and any subsidiary companies has is included unless specifically excluded (in which case it is usually transferred to another company not within the hierarchy of the relevant company).
The two are very different concepts.
Flextech had an interest in 2 specific assets - The Family Channel, and the Maidstone Studios. They therefore purchased those assets (and presumably agreed some sort of licensing agreement to allow the Family Channel brand to continue on analogue transmissions only). IFE continued to exist, and continued to hold the TVS archive, along with MTM and whatever else they owned internationally.
Fox Kids/Family bought all of IFE - everything. IFE as a seperate entity no longer existed (corporate registrations aside). Everything that was theirs was now indirectly an asset of Fox Kids/Family. That includes MTM, which they were presumably aware of as a valuable asset, and also TVS, which was of such low importance to the sale that they were probably completely unaware of it.