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Be the first with the news that moves the market- WildBrain (WILD) is acquiring House of Cool, one of the top pre-production companies in the global animation industry, to expand and enhance its pre-production capabilities for premium animated series, specials, and features
- Consideration includes $15.5 million, with $10.25 million through the issuance of 4,479,406 WildBrain shares and $5.25 million in cash
- The acquisition establishes a new entry point for IP owners to engage with WildBrain’s 360-degree offering across production, distribution, and consumer products licensing
- WildBrain offers kids’ and family entertainment across a roster of globally recognized brands
- WildBrain (WILD) opened today at $2.25
WildBrain (WILD) will acquire House of Cool, a top pre-production company in the global animation industry.
Toronto-based House of Cool is widely recognized and respected in the animation industry and has worked on over 20 theatrical films, which have grossed over US$6.23 billion at the box office.
The acquisition will significantly expand and enhance WildBrain’s pre-production capabilities for premium animated series, specials and features, building on its existing pre-production team of approximately 80 in Vancouver.
It also establishes a new entry point for IP owners to engage with WildBrain’s 360-degree offering across production, distribution and consumer products licensing.
Consideration includes $15.5 million, with $10.25 million through the issuance of WildBrain shares and $5.25 million in cash. The shares are subject to a 12-month lock-up agreement.
The transaction is expected to close in the company’s fiscal Q4 2023.
WildBrain offers kids’ and family entertainment across a roster of globally recognized brands.
WildBrain (WILD) opened today at $2.25.
