HALIFAX and VANCOUVER – DHX Media is buying Vancouver-based Nerd Corps Entertainment Inc. and its subsidiaries for approximately $57 million, the companies announced Tuesday.
Founded in 2002, Nerd Corps and its team of approximately 400 artists, storytellers and management professionals produces and distributes original properties that include Endangered Species, Kate & Mim-Mim, League of Super Evil, Rated A for Awesome, Slugterra (pictured), and Storm Hawks. The transaction is anticipated to close by December 24, 2014.
The deal includes Nerd Corps’ animation studio in Vancouver, which features five lines of production, as well as its interactive apps, gaming expertise, and licensing opportunities with its brands; more than 200 half hours of proprietary children’s content; plus licensing and distribution rights for all proprietary Nerd Corps series.
The acquisition will increase DHX’s staff level in Vancouver from approximately 300 to 700 personnel. Nerd Corps co-founder Asaph “Ace” Fipke will be joining the DHX Content team in the role of Chief Content Officer, Kids & Family, while Nerd Corps president, Ken Faier will become SVP and GM, Kids & Family.
“Nerd Corps has an outstanding reputation and track record for high-quality animation, and we believe this is a perfect fit for DHX Media – one that will add significant value and expertise”, said DHX Media president and COO Steven DeNure, in the news release. “We look forward to having Ace, Ken the rest of the Nerds on our team.”
