DHX, imX under one roof

DHX Media picks up 20 feature films

TORONTO -- The consolidation of the Canadian indie production sector continued Monday as Halifax-based DHX Media acquired rival imX Communications for CAN$755,000 ($751,000) in cash and stock.

DHX Media picked up imX's library of 20 feature films, which include the Jason Priestley starrer "Love and Death on Long Island," and 26 half-hours of TV programming.

ImX founder Chris Zimmer will continue to lead the company under a consulting and noncompetition agreement with DHX Media.

DHX Media earlier acquired animation producers Decode Entertainment and Studio B Prods.

Rival Entertainment One in July reached agreement to acquire Canadian TV producers Blueprint Entertainment and Barna-Alper Prods. and domestic distributors Oasis International and Maximum Films.
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