![]() ![]() Integrated Media Company, LLC is a TPG portfolio company thematically investing across the digital media landscape. The technology is currently available in English, Spanish, Japanese and Simplified Chinese. ![]() Customers who chose Toon Boom animation software for the development and creation of their productions include Disney Television Animation, Amazon, Fox Television Animation, Nelvana, Toei Animation, The SPA Studios, Xilam and Boulder Media, to name a few. Storyboard Pro and Harmony solutions provide everyone from enthusiasts to professionals with the artistic freedom to create in any style and efficiently publish anywhere, while Producer provides real-time management for animated projects. Toon Boom Animation Inc.'s award-winning software is the global standard for animation, storyboarding and pipeline management. Weil, Gotshal & Manges LLP and Davies Ward Phillips & Vineberg LLP served as legal counsel to IMC on this transaction. LionTree Advisors acted as exclusive financial advisor to Corus and the law firm of McCarthy Tétrault LLP represented Corus on this transaction. The transaction is expected to generate net proceeds to Corus of approximately $142 million CAD, which will be used to repay outstanding bank indebtedness. Toon Boom has grown steadily since, with an expanding roster of global clients that includes many of the world's leading animation studios, universities and colleges. This transaction will allow Toon Boom, an Emmy ® award-winning company, to further accelerate its impressive growth streak within IMC, a global company with expertise in the digital media landscape. It provides solutions for everyone from enthusiasts to professionals, giving them the artistic freedom to create in any style and efficiently publish anywhere, as well as providing real-time management for animated projects.įounded originally in 1994, Corus purchased a 50 per cent interest in Toon Boom in 2004 and acquired the remaining 50 per cent in 2012. Toon Boom's award-winning software is the global standard for 2D animation, storyboarding and pipeline management. "Toon Boom and its exceptional team have built a leading solution for content creators the world over," continued Bohm. "We appreciate their contributions to the Corus content portfolio and will work closely with IMC to support a smooth transition." This move will free up capital, increase Corus' financial flexibility, and sharpen our focus as we advance our strategic plan and priorities." "After an enterprise-wide review of our operating model and asset base, we have decided to exit the animation software business. "Corus is building a powerful multiplatform business aggregating premium video content," said Colin Bohm, EVP of Content and Corporate Strategy, Corus Entertainment. ("Toon Boom") for approximately $147.5 million CAD in cash. ("Corus" or the "Company") (TSX: CJR.B) today announced that its wholly-owned subsidiary, Nelvana Limited ("Nelvana"), has entered into a definitive agreement under which Integrated Media Company ("IMC"), a TPG platform dedicated to the new media ecosystem, will acquire Nelvana's wholly-owned subsidiary, Montreal-based animation software company Toon Boom Animation Inc. ![]() TORONTO, J/PRNewswire/ - Corus Entertainment Inc. Integrated Media Company to Acquire Emmy ® Award-Winning Montreal-based Animation Software Business for Approximately $147.5 million ![]()
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