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April 6, 2018
ZM Capital and former DHX Media principal Neil Court have made an equity investment in the Canadian children's production company 9 Story.
Terms of the transaction were not disclosed, but as part of the deal Court will become executive chairman of the company.
Vince Commisso will continues as president and chief executive officer, and will report to a newly formed board of directors.
"9 Story has enjoyed fantastic organic growth over the last decade," says Vince Commisso, president and chief executive officer, 9 Story. "With this new investment, we have the opportunity to become the largest pure-play kids' content studio in the world. We are excited to welcome Neil and the partners at ZM Capital, people who share our vision, support our growth strategy, and who will serve as a tremendous resource for existing management."
9 Story's existing management team will continue to lead the company, while Court will carry out his Executive Chairman duties from his base in the U.K.
Founded in 2002, 9 Story Limited has produced more than 900 half-hours of children's and family programming and distributes 1,600-plus half-hours of content internationally.
"I've been looking for new opportunities in children's media and 9 Story is the perfect fit," says Court. "9 Story has strong leadership, great creative talent, a disciplined approach to production and a top-notch client base. Vince and I share a vision of what we are looking to accomplish, and we are excited about the incredible growth opportunities ahead."
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