×
You will be redirected back to your article in seconds

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

  • Chile TV: A Fast Emerging International

    ‘Chile TV: A Fast Emerging International Force

    PAMPLONA, Spain  —  In an early and memorable dramatic beat in “Invisible Heroes,” a Original Series of Finnish broadcaster YLE, in partnership with Chilean network Chilevision, the former head of international trade under Chile’s Salvador Allende clambers over the garden wall of the chalet of a Finnish diplomat to seek asylum after Augusto Pinochet’s bloody  [...]

  • El gol mas triste

    Chile TV: Drama Series in the Pipeline

    PAMPLONA, Spain   — Conecta Fiction will see  producers bring the strongest lineup of Chilean drama series in history. Following, just some of the highlights of projects which will be presented or are moving forward in Chile: ‘AZTEC GANGSTA WARRIOR’ Prod: Zona Cinema, Epika Content Penned by Diego Niño with Francisca Fuenzalida Moure on board [...]

  • El Acantilado 9 de abril

    Conecta Fiction: ‘The Cliff,’ ‘Spring,’ ‘Yellow Bird’ Feature at 2019 Pitch CoPro Series

    PAMPLONA. Spain  —  Chile’s “The Cliff,” Argentina’s “In Search of Spring” and Spain’s “The Yellow Bird” feature in a 10-title lineup of drama series projects at the 3rd Pitch CoPro Series, the industry centerpiece of Conecta Fiction, the world’s foremost Europe-Latin American TV co-production and networking forum. “Strong on genre and historical dramas,” observed Conecta [...]

  • Jorge-Franco-and-Adrian-Suar

    Pol-ka Expands Outside Argentina, Optioning ‘El Cielo a Tiros’ (EXCLUSIVE)

    PAMPLONA, Spain  —  Taking a new expansive step as an international content player, top Argentine production house Pol-ka, has optioned small-screen rights to “El cielo a tiros,” the latest novel from “Rosario Tijeras” author, Colombian novelist Jorge Franco. Pacted via Scenic Rights, the deal sees Pol-ka planning to shoot a drama series based on the [...]

  • Pamplona Los Japon.

    Navarre: Recent Film, TV Shoots

    Navarre’s 35% tax credit has mainly lured a large list of national feature productions since its launch in 2015. Further international film and TV projects partially shot there, accessing Spain’s 20% tax deductions; other benefited from R&D incentives for Navarre-based animation and post-production companies. Here are some recent highlights: TITLE – YEAR OF PRODUCTION – [...]

  • Gallipienzo-El-Hombre-que-mató-a-Don-Quijote

    3rd Conecta Fiction Raises Navarre's Industrial Profile

    Raising Navarre’s profile as a meeting point for the European and Latin American audiovisual industry, its capital, Pamplona, hosts over June 17-20 the third edition of Conecta Fiction, the Europe-America TV series co-production and networking event. After celebrating its first two editions in Galicia’s Santiago de Compostela, Conecta moves to Baluarte, the Congress Center and [...]

More From Our Brands

Access exclusive content