DHX signs deal to buy Degrassi franchise producer for $33 million

Children’s entertainment company DHX Media said Thursday it has acquired the Epitome group of companies, producer of the hit Degrassi TV franchise, for $33 million in stock and cash. In addition to the shows in the Degrassi franchise, the deal includes episodes of the L.A. Complex, Instant Star, Riverdale and Liberty Street. The deal will […]

Children’s entertainment company DHX Media said Thursday it has acquired the Epitome group of companies, producer of the hit Degrassi TV franchise, for $33 million in stock and cash.

In addition to the shows in the Degrassi franchise, the deal includes episodes of the L.A. Complex, Instant Star, Riverdale and Liberty Street.

The deal will see Stephen Stohn remain the president of Epitome. Stohn and Linda Schuyler will stay on as executive producers of all current productions.

The sale also includes Epitome Studios Inc., which owns a studio in Toronto.

“The Degrassi franchise has become a perennial favourite with teens around the world since its inception in 1980,” said Michael Donovan, CEO of DHX Media.

“With Degrassi’s enduring international appeal and suitability for digital broadcast, this iconic Canadian show represents a highly complementary addition to our library and is a compelling and logical expansion for DHX Media from kids into the global teen market.”

Under the agreement, DHX will pay $19.5 million in cash and 2.9 million DHX shares, which will be subject to a six month lock-up agreement.

DHX said it expects the deal to add to net earnings per share for its 2015 financial year.

Media Articles

Giving marketers the inside edge

SPONSORED: In-app video from Flurry and its marketplace now available to Yahoo advertisers

Yahoo Canada’s Year in Review

SPONSORED: Tapping in to what matters most to users

The search for social marketing’s J.D. Power

Aimia CMO John Boynton says social marketing needs metrics that look deeper

Canada’s Hottest Ads: A very foodie November

...with a light dusting of holiday cheer

Toronto Star hires Rethink

Agency to focus on promoting the paper's print edition and tablet news products

Former Quebecor CEO to head St-Hubert restaurant chain

Robert Depatie starts new role in February

Why there needs to be a victor in the mobile wallet wars

Retail Futurist Doug Stephens says convenience will reach a tipping point