Genius Brands International To Buy WOW! Unlimited Media For $53 Million [Forbes]
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Source: Forbes
SANTA MONICA, CALIFORNIA - JUNE 24: Shaquille O'Neal attends the 2019 NBA Awards at Barker Hangar on... [+]June 24, 2019 in Santa Monica, California. (Photo by Rich Fury/Getty Images)Children’s media company Genius Brands Inernational has agreed to buy Canadian animation company WOW! Unlimited for $53 million. The deal is reportedly being paid for through an unknown split of cash and stock.In a statement, Genius Brands CEO, Andy Heyward, said the merger of the two publicly traded companies will aid in the expansion and commercial growth of the children’s entertainment market.“The acquisition of WOW! substantially accelerates the financial growth of Genius Brands, delivering on our promise to shareholders to execute meaningful and accretive acquisitions, as we seek to rapidly consolidate the marketplace and become the foremost producer, broadcaster, and consumer product licensor of high-quality children’s entertainment in the world.”Production historyBased in Vancouver, Toronto, New Y
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