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Sony Acquires Stake in DHX Media’s Peanuts

peanutsDHX Media and Sony Music Entertainment (Japan) Inc. (SMEJ) agreed that SMEJ will indirectly purchase 49 percent of DHX Media’s 80 percent interest in Peanuts for $185 million in cash, subject to customary working capital adjustments. Pro forma for the transaction, DHX Media will own 41 percent of Peanuts, SMEJ will own 39 percent, and the members of the family of Charles M. Schulz will continue to own 20 percent.

DHX Media and SMEJ have also agreed to extend the duration of the current Licensing and Syndication Agency agreement with SMEJ’s consumer products division, Sony Creative Products Inc. in Japan.

 

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Category: Character Licensing, Entertainment, Kids Properties, Television

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