Scholastic Entertainment on Tuesday said it will invest $186 million in 9 Story Media Group, the production and distribution company it has worked with on “Clifford the Big Red Dog” and other animated series for PBS, Amazon Prime Video and Apple TV+.
The deal will see Scholastic acquire 100% of the economic interest in and a minority of voting rights in 9 Story Media, which has offices in Toronto, Dublin, New York and Bali and employs about 850 people worldwide.
Among 9 Story’s divisions in the Emmy-winning and Oscar-nominated Brown Bag Films, the animation studio behind titles like “Doc McStuffins,” “Daniel Tiger’s Neighborhood,” “Octonauts” and “The Magic School Bus Rides Again.”
Leave a Reply