9 Story Receives Equity Investment
9 Story Limited announced that ZM Capital and Neil Court (former DHX Media principal and Decode Entertainment co-founder) have made an equity investment in the company, with Court becoming its executive chairman. The investment is being made out of ZM Capital II, the latest private equity fund of ZelnickMedia, a New York-based investment firm focused on the media and communications sectors. Terms of the transaction, which closed on July 11, 2014, were not disclosed.
It was announced that Vince Commisso continues as president and CEO of 9 Story and will report to a newly formed board of directors. 9 Story’s existing management team will continue to lead the company, while Court will carry out his executive chairman duties from his base in the UK.
Founded in 2002, 9 Story Limited is a creator, producer, and distributor of animated and live-action content for young audiences globally. The company has more than 220 creative and production staff in its Toronto-based studio, and has produced more than 900 half hours of children’s and family programming. 9 Story distributes more than 1,600 half hours of content with programs such as Daniel Tiger’s Neighborhood, Almost Naked Animals, and Camp Lakebottom.
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