AVOD growth boosts Wildbrain

Canadian TV division shrinksHALIFAX – Kids and family content company DHX Media, now Wildbrain, saw some positive impact on its first quarter results from the ad-driven online video on demand business.Company revenue for the first quarter of 2020, ended September 30, 2019 increased 8% to $112.3 million compared to Q1 last year. Cash flow from operations increased to $18.7 million in Q1 2020 vs negative cash flow of $10 million in Q1 2019.The company also said $7.6 million was paid down on the term loan in Q1 2020 from excess cash flow and adjusted EBITDA rose to $19.6 million compared...