DHX Media to Acquire Disney XD, Disney Jr., and Canada’s Family Channel
DHX Media has just announced that they have acquired one of the most watched kids’ channel in Canada, Family, along with Disney XD and both English and French language versions of Disney Junior from Bell Media for the amount of $170 million. The deal is expected to close in 2014 after approval by the Competition Bureau and the Canadian Radio-television and Telecommunications Commission and satisfaction of other customary closing conditions.
“The acquisition of these high-quality Canadian channels represents an exciting new addition to DHX, one that complements and enhances all areas of our business and positions us for our next stage of growth” said Michael Donovan, CEO of DHX Media.
“Broadcasting is a natural extension for the company,” added Steven DeNure, President and COO of DHX Media. “The acquisition of Family Channel further enhances our ability to operate as a vertically integrated player in the global children’s content business.”