Skip to main content

DHX Media Ltd., a Halifax-based TV and film producer, has acquired Vancouver children's-show maker Studio B Productions Inc. in a deal worth as much as $20-million.

DHX Media, the parent company of Decode Entertainment and Halifax Film, said Tuesday it agreed to make a cash down payment of $8-million against a total purchase price defined as 4.5 times the average of privately owned Studio B's earnings before interest, taxes, depreciation and amortization in its 2007 and 2008 financial years, up to a maximum of $20-million.

There also are performance-based bonuses payable 30 per cent in cash and 70 per cent in DHX shares.

Story continues below advertisement

Studio B has a production slate of seven shows including "Kid vs. Kat" for YTV, "Ricky Sprocket, Showbiz Boy!" for Teletoon and "Martha Speaks" for WGBH. It runs a 24,000-square foot studio and has a library of about 400 half-hours of children's programs.

DHX said Studio B had unaudited net income of $1.4-million in its 2007 year ended Oct. 31, with assets valued at $15.3-million.

The acquisition gives DHX "several new broadcaster relationships, expanded production capabilities and a greater supply of children's programming ... from which revenues can be generated over multiple platforms."

Studio B co-founders Blair Peters and Chris Bartleman have four-year contracts with DHX to remain as heads of the production subsidiary.

Report an error
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to If you want to write a letter to the editor, please forward to