eOne Invests in Digital Studio Canvas Media

LOS ANGELES: Entertainment One (eOne) has made an equity investment in the digital-first media company Canvas Media Studios.

Canvas will use the investment to expand its distribution, production and financing of premium scripted content for digital and traditional media, as well as emerging VOD and OTT platforms. Canvas Media Studios will work closely with eOne Television on a first-look basis for production and distribution. eOne joins Allen DeBevoise’s Third Wave Digital and MNM Creative as investors in Canvas Media.

John Morayniss, the CEO of eOne Television, said: “I’m delighted to announce our partnership with Bernie, David and the Canvas Media Studios team. As we think about the future of storytelling, we are pleased to be in business with innovators that bring new models to the table and complement our business. Together, we are well-positioned to find opportunities in rapidly developing media and platforms.”

“In addition to providing resources to fulfill our vision for developing and producing multi-platform premium scripted content, eOne’s strategic investment in Canvas Media Studios will enable us to pursue a range of distribution and co-financing opportunities, including identifying third-party content,” said David Tochterman, co-founder of Canvas Media Studios.

Added Bernie Su, co-founder of Canvas Media Studios: “eOne is a progressive global company that continuously identifies and produces great stories. We’re incredibly honored that a company with this track record is putting such faith into Canvas Media Studios. I’m excited to see what we’ll be able to do together.”

“As a strategic partner as well as investor, eOne adds tremendous value to Canvas Media Studios,” said DeBevoise. “Their global distribution capability is a great match for Bernie and David’s creative and business acumen, and places Canvas Media Studios on a strong growth trajectory.”