DHX Media acquires Nerd Corps for $57 million

Nerd Corps co-founder Asaph Fipke and president Ken Faier will join the Halifax-based kids and family content producer. (Nerd Corps series Endangered Species pictured)
Endangered Species - Nerd Corps - press still-1

Kids and family content producer DHX Media has added to its animation catalog by acquiring Vancouver-based Nerd Corps Entertainment for $57 million.

The deal, expected to close by Christmas, brings DHX Media an animation studio in Vancouver, interactive and gaming expertise and more than 200 half hours of kids content like Slugterra, Endangered Species, Kate & Mim-Mim, League of Super Evil and Storm Hawks.

Nerd Corps co-founder Asaph Fipke will board DHX as chief content officer, kids and family, while Nerd Corps president Ken Faier joins the Halifax-based producer as SVP and general manager, kids and family.

The deal continues DHX Media’s acquisition drive, which includes pick-ups of Cookie Jar Entertainment, Ragdoll Worldwide, which includes a Teletubbies reboot, and Degrassi producer Epitome Pictures.

On the broadcast side, DHX Media last year acquired Family and three Disney channels from Bell Media for $170 million.

Besides operating its own subscription-based YouTube channels, DHX Media is also distributing its kids content to Netflix and other SVODs expanding internationally.