DHX Buys Canadian Prod. Co.

DHX Media has acquired the fellow Canadian business Epitome’s group of companies, producer of the teen-drama series “Degrassi” and other youth-oriented properties for $33 million.

The transaction includes a library of 469 half-hours of five series in the “Degrassi” franchise, 216 half-hours of other Epitome series and Epitome Studios, which owns a 98,400-square foot studio in Toronto.

“The ‘Degrassi’ franchise has become a perennial favorite with teens around the world since its inception in 1980,” says Michael Donovan, chief executive officer, DHX Media. “With ‘Degrassi’s’ enduring international appeal and suitability for digital broadcast, this iconic Canadian show represents a highly complementary addition to our library and is a compelling and logical expansion for DHX Media from kids into the global teen market.”