HALIFAX, Dec. 21, 2018
/CNW/ - DHX Media (or the "Company") (TSX: DHX, NASDAQ: DHXM), a
global children's content and brands company, has completed the
previously announced sale of its Halifax animation studio. The sale is part of
the Company's ongoing strategic shift to focus and streamline its
production operations.
DHX Media is headquartered in Halifax. The sale does not
include This Hour Has 22 Minutes, which continues to be
owned by DHX Media and produced in Halifax.
About DHX Media
DHX Media Ltd. (TSX: DHX, NASDAQ:
DHXM) is a global children's content and brands company, recognized
for such high-profile properties as Peanuts, Teletubbies,
Strawberry Shortcake, Caillou, Inspector Gadget, and the
acclaimed Degrassi franchise. One of the world's foremost
producers of children's shows, DHX Media owns the world's largest
independent library of children's content, at 13,000 half-hours. It
licenses its content to broadcasters and streaming services
worldwide and generates royalties through its global consumer
products program. Through its subsidiary, WildBrain, DHX Media
operates one of the largest networks of children's channels on
YouTube. Headquartered in Canada,
DHX Media has offices worldwide. Visit us at
www.dhxmedia.com.
Disclaimer
This press release contains "forward-looking statements" under
applicable securities laws with respect to DHX Media including,
without limitation, statements regarding the business strategies
and operational activities of 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 or events 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
changes in strategic priorities of the Company 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 most recent Annual Information Form
and annual Management Discussion and Analysis, which also form part
of the Company's annual report on Form 40-F filed with the U.S.
Securities and Exchange Commission. 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, except as required by law.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/dhx-media-completes-sale-of-halifax-animation-studio-300770049.html
SOURCE DHX Media Ltd.