Monkey will play a key role in the TV coverage of Comic Relief on March 14 and appear in TV and poster advertising.
Marketing had previously revealed that the liquidation of ITV's ill-fated digital venture placed the popular character at the centre of a fierce legal battle (May 2, 2002).
Mother, the agency behind the advertisements, asserted ownership while the administrators Deloitte & Touche were treating Monkey as an asset to be sold to appease ITV Digital's creditors.
But talks between Mother, character licensors Jim Henson, puppet-makers Animal Magic and the administrators last week concluded with its donation to Comic Relief. Mother will manage the use of Monkey in any ads, providing its creative resource for free.
"We would rather kill Monkey than let someone abuse him. But now we've got him out of the hands of the administrators, his career will be relaunched," said Andy Medd, partner at Mother.