DHX Media says its WildBrain kids unit tapping growth from online streaming [Toronto Globe and Mail (Ontario, Canada)]
DHX MEDIA LTD VARIABLE VOTING SHARES (DHXM)
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Source: Toronto Globe and Mail
DHX Media says its WildBrain kids unit tapping growth from online streaming DHX Media Ltd. sees the new YouTube Kids mobile app and streaming services from Apple, Amazon and Roku as promising new ways to generate revenue from its library of video programming, senior executives said Tuesday. “One of the pillars of our strategy is to produce premium content for the world’s leading streaming and broadcasting kids platforms,” executive chairman and CEO Michael Donovan told analysts. During the quarter, DHX signed a landmark deal to produce new content focused on the Peanuts characters Snoopy (the dog) and Woodstock (the bird). Story continues below advertisement “The agreement is expected to keep our animation studio at new capacity and to contribute steady (earnings) for years to come,” Donovan said. Additionally, the company’s internet-foused subsidiary WildBrain completed its best quarter in terms of revenue, which was up 13 per cent to $19.9-million – one of the few bright spots for t
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