Monday, August 20, 2012

DHX Buys Cookie Jar

Update: Canadian Animation Resources has links to stories with more information.

This may only be of interest to those working in the Canadian animated TV field, but DHX has bought Cookie Jar.  While consolidation makes it easier for the two studios to compete internationally, it also makes it harder for independent producers to get their work on Canadian TV.

Michael Hirsh, CEO of Cookie Jar, was one of the founders of Nelvana.  Cookie Jar rose out of the ashes of Cinar, a Montreal company that was plagued by scandals over fraud with regard to government tax credits and suffered from the untimely death of co-owner Micheline Charest.  Hirsh reorganized Cinar into Cookie Jar and bought DIC in 2008.  There was speculation from the beginning that he intended to take the company public.  While that hasn't happened, there's still a large payday for Cookie Jar's owners.

DHX is the result of the 2006 merger of Decode and the Halifax Film Company.  The merged entity later went on to purchase Vancouver's Studio B in 2007.

Whether this means that Michael Hirsh is retiring or will take a position with DHX is unknown at this time.

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