DHX Media has entered in to an agreement to acquire Nerd Corps Entertainment Inc.
The acquisition – valued at approximately $57 million – will increase DHX’s operating leverage, adding Nerd Corps’ animation studio in Vancouver to the DHX offering.
The deal will also incorporate Nerd Corps’ interactive apps, gaming expertise and licensing opportunities with Nerd Corps’ brands.
The transaction will also bring more than 200 half hours of children’s content to DHX’s library, including the hit comedy Slugterra – now broadcast in more than 150 countries.
The deal includes licensing and distribution right for all proprietary Nerd Corps series and will increase DHX’s staff level in Vancouver from approximately 300 to 700 personnel.
Nerd Corps co-founder Asaph Fipke will be joining the DHX content team in the role of chief content officer, kids and family, and will report to DHX president and chief operating officer Steven DeNure.
Meanwhile, Nerd Corps president Ken Faier will come on board at DHX Content as senior VP and general manager, kids and family.
DeNure said: “Nerd Corps has an outstanding reputation and track record for high-quality animation, and we believe this is a perfect fit for DHX Media, one that will add significant value and expertise.
“We look forward to having Asaph, Ken and the rest of the Nerds on our team.”
Fipke added: “We are very proud of the way we have developed brands and produced content at Nerd Corps, having worked with some of the great children’s brands and companies in the industry.
“Combining our forces with DHX allows us to continue building compelling content for kids and families around the world.”