DHX Media is buying Toronto's Cookie Jar Entertainment for almost $111 million, creating Canada's largest children's entertainment company.

Cookie Jar is the top supplier of children's programming to Netflix and has has well-established digital distribution agreements with DISH Network and Amazon.com as well as cable providers Comcast and Videotron.

DHX's current library of children's programming will swell to more than 8,550 half-hour episodes from about 2,550 half-hour episodes, including such recognizable titles as Caillou, Care Bears, Inspector Gadget, and Johnny Test.

Michael Hirsh, Cookie Jar's CEO said: "Cookie Jar joining forces with DHX results in a company that is an independent global market leader in all aspects of children's entertainment from distribution to production to licensing and merchandising."

Hirsh adds: "There is an insatiable appetite for kids content in the new digital streaming universe and we are very well positioned with our extensive library of evergreen, popular and recognizable brands to satisfy the market demand."

Cookie Jar, with offices in Toronto, Los Angeles and a strong presence throughout Western Europe also controls
the weekend morning block on CBS.

Current shareholders of Cookie Jar will receive 36 million common shares of DHX (TSX:DHX), $5 million in cash plus $66 million of debt will be assumed. The deal is expected to close in mid-October.

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