DHX Media to Acquire Family Channel, Disney XD, and Disney Junior from Bell Media
Bell Media (NYSE: BCE) today announced that it has entered into an agreement with Halifax-based DHX Media Ltd. (OTC: DHXMF) for the sale of its television services Family Channel, Disney XD, Disney Junior (English-language), and Disney Junior (French-language).
The transaction is subject to approval by the Canadian Radio-television and Telecommunications Commission (CRTC) and the Competition Bureau.
"Bell Media welcomes DHX Media to the broadcasting industry with their acquisition of the incredible brands that are Family, Disney XD, and Disney Junior," said Kevin Crull, President, Bell Media. "I have the utmost confidence that with DHX Media, these brands will continue to flourish and enrich our television industry."
DHX Media's acquisition of Family, Disney XD, and English- and French-language Disney Junior is a result of Bell Media's process of divesting some properties to comply with regulatory body conditions attached to the July 5, 2013 acquisition of Astral Media Inc. by Bell.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.