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Stock impact report

Scholastic to Invest in 9 Story Media Group, Significantly Expanding Opportunities for Production and Global Licensing of Scholastic IP [Yahoo! Finance]

Scholastic Corporation (SCHL) 
Last scholastic corporation earnings: 3/19 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.scholastic.com
Company Research Source: Yahoo! Finance
Production Facilities in Toronto , Dublin & Bali and Global Distribution and Licensing Teams NEW YORK and TORONTO March 12, 2024 /CNW/ -- Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today announced it has signed a definitive agreement to invest in 9 Story Media Group. Through the investment, Scholastic will acquire 100% of the economic interest in and a minority of voting rights in 9 Story Media Group ("9 Story"), a leading independent creator, producer and distributor of premium children's content, for approximately USD $186 million , subject to customary closing adjustments. The strategic investment in 9 Story's team and best-in-class production, sales and licensing capabilities significantly expands Scholastic's opportunities to leverage its trusted brand, best-selling publishing and beloved global children's franchises across print, screens and merchandising. Today's announcement solidifies a long-time collaboration between Scholas Show less Read more
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