Scholastic Entertainment Invests $186 Million in 9 Story Media Group to Expand Animated Content for Young Audiences

The investment aims to leverage 9 Story's global studios and distribution capabilities, enhancing Scholastic's media business and iconic children's series.

• Scholastic Entertainment announces a $186 million investment in 9 Story Media Group, aiming to deepen connections with young audiences through animated series.
• The deal includes acquiring 100% of the economic interests and a minority of voting rights in 9 Story, which boasts divisions like Brown Bag Films and 9 Story Distribution.
• 9 Story Media Group, with offices in Toronto, Dublin, New York, and Bali, employs around 850 people worldwide and has a revenue of $104 million in its most recent fiscal year.
• The transaction, subject to regulatory approval, is expected to close in Scholastic's fiscal 2025 first quarter.
• Scholastic and 9 Story have a long-standing collaboration, including on projects like the animated series reboot of Clifford the Big Red Dog and Eva the Owlet for Apple TV+.

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