×

Sony Acquires Stake in DHX Media’s ‘Peanuts’ for Global Partnership

Sony Music Entertainment (Japan) has acquired a stake in the classic “Peanuts” brand, created by Charles M. Schulz, from DHX Media. The two companies announced a strategic partnership Monday that sees Sony indirectly purchase 49% of DHX Media’s 80% stake in “Peanuts” for $185 million in cash. Following the deal, DHX Media will own 41% of the brand, Sony 39% and the Schulz family 20%.

Alongside the deal, Sony and DHX agreed to an extension of an existing licensing and syndication agency agreement between DHX and Sony’s consumer products arm, Sony Creative Products in Japan, which has represented the brand since 2010, leading to 200% growth in the brand locally in that time. Sony Creative Products is currently working on a number of licensing programs to mark the 50th anniversary of the “Peanuts” brand’s debut in Japan.

“We are honored to deepen our relationship with Sony Music Entertainment (Japan) as we continue our expansion of ‘Peanuts’ globally,” said Michael Donovan, executive chair and CEO of DHX Media. “Sony Music Entertainment (Japan) has incredible expertise in rights management across the entertainment and consumer products industries. This transaction will allow DHX Media to de-lever our balance sheet as we team up with an ideal partner to help us reach our worldwide growth targets for ‘Peanuts’ in the coming years.”

DHX will use the proceeds from the deal, after payment of transaction costs, to reduce debts. The deal is expected to close around the end of June this year, subject to regulatory approvals and other customary conditions.

DHX Media acquired the “Peanuts” brand as part of a $345 million acquisition of the entertainment division of Iconix Brand Group in May 2017.

More TV

  • Leonine Takes International Rights to Premium

    Leonine Takes International Rights to Premium Series 'Herzogpark'

    German media group Leonine has taken international distribution rights to the six-part premium series “Herzogpark,” following a deal with its producers Letterbox Filmproduktion (“Bad Banks”). The rights for German-speaking territories are held by Mediengruppe RTL Deutschland. The dramedy centers on four women from Munich’s upscale Herzogpark district, for whom keeping secrets has become a life’s [...]

  • Luna Nera Netflix Italy

    Italy's Women Filmmakers Set to Make Waves

    The Berlinale in recent years has been a prime launching pad for Italian films directed by women, which though fewer in number to their male counterparts, make up a considerable portion of the country’s representation on the festival circuit — Alice Rohrwacher (“Happy as Lazzaro”) at Cannes, Susanna Nicchiarelli (“Nico”) at Venice, and Berlin regular [...]

  • Love Me Scandinavian Cinema

    Scandinavia Ups Its Game With So Many Markets for Its Fare

    When the Nordic entertainment group, one of Scandinavia’s largest media groups, announced last month during the Goteborg Film Festival that it was pulling out of non-scripted content to focus on scripted drama, and film production and distribution, it underscored two market trends in the Nordics: Subscription-based services, whether local or global, are driving the region’s [...]

  • Louis Hofmann in Prélude

    Berlin: Louis Hofmann Cast in Damian John Harper's 'Fresh' (EXCLUSIVE)

    German star Louis Hofmann is set to topline Damian John Harper’s upcoming drama “Fresh,” a German-language adaptation of Scottish writer Mark McNay’s novel of the same name. Hofmann plays a young man who must emancipate himself from his tyrannical older brother. Unlike the book, which is set in the outskirts of Glasgow, the film’s story [...]

  • Steve Stark

    Steve Stark Named President of Newly Formed MGM/UA Television

    The newly formed MGM/UA Television label has found a president in Steve Stark, who previously served as MGM’s president of scripted television production and development. MGM Worldwide Television Group chairman Mark Burnett made the announcement late Friday, adding that Stark has extended his contract with the studio as part of his new role. “We are [...]

  • Bad Education

    TV News Roundup: HBO Sets Premiere Date for Hugh Jackman's 'Bad Education' (Watch)

    In today’s TV News roundup, HBO Films set the premiere date for “Bad Education” starring Hugh Jackman and Allison Janney and “Volcano Live! with Nik Wallenda” tapes Chris Harrison and Sage Steele as hosts. CASTING “The Bachelor” host Chris Harrison will host “Volcano Live! with Nik Wallenda” alongside co-host Sage Steele of ESPN, ABC announced. [...]

More From Our Brands

Access exclusive content