HALIFAX, Aug. 29, 2019 /PRNewswire/ - DHX Media (the
"Company") (TSX: DHX, NASDAQ: DHXM) today announced that
Eric Ellenbogen has been appointed
Chief Executive Officer and Vice Chair of the Board of Directors,
effective today. Ellenbogen succeeds Michael Donovan, who has stepped down as CEO.
Donovan has also stepped down as Executive Chair and will continue
to serve on the Board as Founding Chair. Donald Wright has been appointed non-executive
Chair.
"We are delighted to announce that Eric will lead DHX Media in
fully realizing the value of our extraordinary media assets," said
Wright. "Eric brings fresh leadership and a clear vision to our
Company, as well as a 30-year track record of creating significant
shareholder value in the media space. In the nine months since he
has joined our Board, while also serving as a strategic advisor, he
has worked closely with our senior leadership team and gained a
deep understanding of our Company. Given his broad perspective and
decades of relevant industry experience and success, we are
confident that Eric will be able to move the Company forward from
the get-go as CEO. We thank Michael for his many years of
leadership and vision. As founder of DHX Media, Michael has played
a significant role in building the Company into the global
entertainment force it is today. We are pleased that he will remain
on the Board."
"DHX Media has an unmatched portfolio of kids' and family
content with high-profile, beloved characters, including
Peanuts, Teletubbies, Strawberry Shortcake,
Caillou, and Inspector Gadget," said Ellenbogen.
"In addition to its library and leading animation studios, DHX
Media has built a truly unique asset in WildBrain – one of the
largest kids' networks on YouTube – with unparalleled reach and
engagement. I'm pleased to have the opportunity to work with the
management team, employees and our many valued partners and
customers to deliver leading content and brands for audiences
worldwide."
Ellenbogen has spent more than 30 years running entertainment
businesses, including holding senior management roles as President
of Broadway Video Entertainment (the TV and film production and
distribution company founded by Lorne
Michaels); President of Golden Books Family Entertainment;
and President and CEO of Marvel Enterprises before its acquisition
by Disney. With the backing of private equity, he co-founded
Classic Media in 2000, which became one of the largest private
owners of branded kids' and family entertainment and was acquired
by DreamWorks Animation (DWA) in 2012. At DWA, Ellenbogen became
Co-Head of DreamWorks Classics and DreamWorks International
Television, and was largely responsible for the company's entry
into the television business. Following DWA's sale to NBCUniversal,
Ellenbogen became Co-President of Classic Media, which was
restarted as a business unit of NBCUniversal.
Ellenbogen was a board director of Golden Books and Marvel, then both public
companies, and is a Trustee of the Public Theater in New York City among other civic involvements.
He is a graduate of Harvard College and holds an MBA from
UCLA.
About DHX Media
DHX Media Ltd. (TSX: DHX, NASDAQ:
DHXM) is a global children's content and brands company, recognized
for such high-profile properties as Peanuts, Teletubbies,
Strawberry Shortcake, Caillou, Inspector Gadget, and the
acclaimed Degrassi franchise. One of the world's foremost
producers of children's shows, DHX Media owns the world's largest
independent library of children's content, at 13,000 half-hours. It
licenses its content to broadcasters and streaming services
worldwide and generates royalties through its global consumer
products program. Through its subsidiary, WildBrain, DHX Media
operates one of the largest networks of children's channels on
YouTube. Headquartered in Canada,
DHX Media has offices worldwide. Visit us at
www.dhxmedia.com.
Disclaimer
This press release contains "forward-looking statements" under
applicable securities laws with respect to DHX Media including,
without limitation, statements regarding the assets of the Company
and the business strategies and operational activities of the
Company. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, such
statements involve risks and uncertainties and are based on
information currently available to the Company. Actual results or
events may differ materially from those expressed or implied by
such forward-looking statements. Factors that could cause actual
results or events to differ materially from current expectations,
among other things, include factors discussed in materials filed
with applicable securities regulatory authorities from time to time
including matters discussed under "Risk Factors" in the Company's
most recent Annual Information Form and annual Management
Discussion and Analysis, which also form part of the Company's
annual report on Form 40-F filed with the U.S. Securities and
Exchange Commission. These forward-looking statements are made as
of the date hereof, and the Company assumes no obligation to update
or revise them to reflect new events or circumstances, except as
required by law.
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SOURCE DHX Media Ltd.
