9 Story Limited is eyeing further growth following an equity investment from former DHX Media principal, Neil Court and ZM Capital.
Court has now become the executive chairman of the studio, that has now revealed its designs to become the ‘largest pure play kids’ content studio in the world’.
The investment is being made out of ZM Capital II, the latest private equity fund of ZelnickMedia, a New York-based investment firm focused on the media and communications sectors.
The transaction was closed on July 11th, however the terms of the deal were not disclosed.
Vince Commisso continues as president and CEO of 9 Story and will report to a newly formed board of directors.
9 Story’s existing management team will continue to lead the company, while Court will carry out his new duties in the UK.
“9 Story has enjoyed fantastic organic growth over the last decade,” said Commisso.
“The CCI acquisition really opened our eyes to the potential impact that larger, acquisition-based transactions could have on our business.
“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.”
Court added: “I have been looking for new opportunities in children’s media and 9 Story is the perfect fit.
“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.”