Halifax – July 27, 2011 – DHX Media (TSX: DHX), a leading international producer and distributor of mainly children’s television programming and interactive content, is pleased to announce that it has concluded a worldwide administration deal for more than 40 titles from DHX Media’s extensive library of television and film content with ole, one of the world’s largest independent music publishers. The deal includes a significant advance payment to DHX Media and gives ole music publishing administration rights for the entire DHX Media group of companies, including recently acquired W!LDBRAIN Entertainment. Under the deal, ole will collect and retain all music publishing revenue and, once it has recouped its advance, remit to DHX these revenues net of an administration fee.
DHX Media maintains a library of over 2,300 hours of television productions that covers both live action and animated programming. The internationally popular titles in the company’s catalog include That’s So Weird, How To Be Indie, Bo on the GO!, Being Ian, Animal Mechanicals, Naturally Sadie, Franny’s Feet, Kid vs Kat, Angela Anaconda, dirtgirlworld, and Yo Gabba Gabba!, the successful live version of which will be back on the road this fall for a 50-city North American tour under the banner YO GABBA GABBA! LIVE!: It’s Time To Dance.
DHX Media CEO Michael Donovan commented: “We are very happy to partner with ole on this venture. This deal again highlights the additional revenue streams we are able to access, unlocking the potential of our library of high-quality, enduring content.”
DHX Media Ltd.
David A. Regan – EVP, Corporate Development & IR
About DHX Media Ltd.
DHX Media Ltd. is a leading international producer and distributor of television programming and interactive content with an emphasis on children, family and youth markets. DHX Media Ltd. shares are listed on the TSX, the Toronto Stock Exchange. DHX Media has offices in Toronto, Halifax, Vancouver and Los Angeles and has a growing library of over 2,300 half-hours of mostly children’s and youth-oriented properties from own and third party producers. Live action series include That’s So Weird and How to Be Indie alongside animated series such as Yo Gabba Gabba!, Animal Mechanicals, Franny’s Feet, Kid vs Kat, dirtgirlworld, and new preschool show Rastamouse.
This press release contains forward looking statements with respect to the Company. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, such statements involve risks and uncertainties and are based on information currently available to the Company. Actual results may differ materially from those expressed or implied by such forward looking statements. Factors that could cause actual results or events to differ materially from current expectations, among other things, include risks related to market factors, customer contract interpretation, application of accounting policies and principles, and production related risks, and other factors discussed in materials filed with applicable securities regulatory authorities from time to time including matters discussed under “Risk Factors” in the Company’s short form prospectus dated April 9, 2010 and in the Company’s Amended Annual Information Form incorporated by reference therein. These forward-looking statements are made as of the date hereof, and the Company assumes no obligation to update or revise them to reflect new events or circumstances.