DHX Media Acquires Studio B Productions

December 4, 2007 World Screen

HALIFAX,
December 4: DHX Media, the parent company of DECODE Enterprises, has
acquired Vancouver-based animation house Studio B Productions for an
undisclosed sum.

DHX Media is the parent company of distributor DECODE
Enterprises and production houses DECODE Entertainment and Halifax Film. Under
the deal, DECODE Enterprises will handle international sales of Studio B’s
productions, which to date includes a library of 400 half-hours of children’s
programming. DECODE Enterprises currently handles distribution for DHX
subsidiaries DECODE Entertainment and Halifax Film, as well as third-party
producers.

Specializing in digital and classic animation, Studio B has
a current production slate of seven shows, including Kid vs. Kat for YTV, Ricky Sprocket—Showbiz Boy for Teletoon and Nickelodeon Networks and
Martha Speaks, co-produced with WGBH
Boston. Production will continue under the Studio B brand following the DHX
acquisition. Blair Peters and Chris Bartleman, co-founders and co-CEOs at
Studio B, will continue as co-presidents to operate Studio B as a wholly owned
production subsidiary of DHX Media.

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Previously, DECODE Entertainment and Studio B had
collaborated on the animated series What About Mimi?, which is distributed worldwide by DECODE
Enterprises.

Michael Donovan, DHX’s chairman and CEO, said: “We are
delighted to partner with Studio B Productions as it offers DHX Media access to
a growing library, significant creative and production skills, and outstanding
children’s content production capabilities. This deal will leverage the
strength of DECODE’s distribution capabilities and will help add to our growing
library of productions from which we will be able to generate recurring
revenues.”

Added Peters and Bartleman: “We are very excited about this
partnership. The synergies with DHX Media and specifically its distribution arm
DECODE Enterprises, will allow us to focus on increasing our proprietary titles
which will lead to greater worldwide distribution of Studio B programming.”

—By Irene Lew