DHX Media 2013

DHX Media growth initiatives continue with publishing deals

Halifax-based company reports big jump in first-quarter revenue

DHX Media reported a big jump in first-quarter revenue, which rose to $43 million from $27 million a year earlier following its acquisition of the Family Channel and others.

The Halifax-based company has been growing its child- and youth-oriented entertainment business, including a new publishing deal and programming acquisition.

DHX said Friday it has granted rights to Egmont Publishing to produce a range of books and magazines based on the Teletubbies, a British pre-school television series the company is refreshing with 60 new episodes for the BBC.

Executive chairman Michael Donovan also told analysts DHX has signed a deal to acquire a library of 151 television series, movies and television specials including Emily of New Moon — based on books by the author of Anne of Green Gables — and the international distribution rights to Degrassi.

“This is a transaction that we’ve been working on for over a year and we’re very pleased to have signed that, literally, last night,” Donovan said in a conference call to discuss its financial results issued Thursday.

The quarter ended Sept. 30, which begins the company’s 2014-15 financial year, included a $14.22-million charge related to a regulatory obligation linked to the Family Channel deal with BCE, which was required to sell the channels when it acquired Astral Media.

The one-time item pushed DHX Media to a net loss of $7.7 million, but on a normalized basis the company had a profit of $5.5 million. A year earlier, it had a net profit of $2.2 million and a normalized profit of $3 million.

The normalized profit was five cents per share in the three months ended Sept. 30, up from three cents a year earlier.

DHX completed the acquisition of the Family Channel and Disney channels on July 31 and created its DHX Television division around the channels.

In August and September, DHX Television generated a total of $14 million in revenue which was at the high end of management’s expectations.

DHX reiterated a 2014-15 revenue target for DHX Television for between $72 million to $75 million for the year ended June 30.

Media Articles

30 Under 30 is back with a new name, new outlook

No more age limit! The New Establishment brings 30 Under 30 in a new direction, starting with media professionals.

As Prime Minister, Kellie Leitch would scrap CBC

Tory leadership hopefuls are outlining their views on national broadcaster's future

‘Your Morning’ embarks on first travel partnership

Sponsored giveaway supported by social posts directed at female-skewing audience

KitchenAid embraces social for breast cancer campaign

Annual charitable campaign taps influencers and the social web for the first time

Netflix debates contributions with Canadian Heritage

Netflix remains wary of regulation as some tout 'Anne' and 'Alias Grace' partnerships

Canadians warm up to social commerce

PayPal and Ipsos research shows "Shop Now" buttons are gaining traction

Online ad exchange AppNexus cuts off Breitbart

Popular online ad exchange bans site for violating hate speech policy

Robert Jenkyn is back at Media Experts

Former Microsoft and Globe and Mail exec returns to the agency world

2016 Media Innovation Awards: The complete winners list

All the winning agencies from media's biggest night out!