Nova Scotia’s DHX Media to Sell Stake in Peanuts Empire to Sony

Halifax, Nova Scotia-headquartered DHX Media Ltd. is selling nearly half of its stake in the Peanuts entertainment business to a Sony Corp. division for C$237 million, a move the animation company said would help reduce its debt load and improve its operating results. DHX will retain 41 per cent of the Peanuts empire, while Sony Music Entertainment (Japan) Inc. will own 39 per cent. The family of creator Charles M. Schulz will continue to own 20 per cent. DHX said Sony, which acquired rights to the Peanuts franchise in Japan in 2010, will also help it build the Peanuts brand in Asia. DHX is a children's content and brand company, known for Strawberry Shortcake and other children's shows.

Use 'AND' or 'OR' to refine your search.

Use quotes " " to get exact matches or remove them to get more results.