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DHX Media has closed its sale of the minority stake in Peanuts Worldwide to Sony Music Entertainment.
License Global
February 14, 2019
1 Min Read
Under the terms of the agreement, Sony Music Entertainment has indirectly acquired 49 percent of DHX Media’s 80 percent interest in Peanuts, worth CAD235.6 million in cash. DHX Media now owns 41 percent of Peanuts, Sony Music owns 39 percent and members of the family of Charles M. Schulz own 20 percent.
The parties have also finalized their agreement to extend the duration of the existing licensing and syndication agency agreement with Sony’s consumer products division, Sony Creative Products.
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