ZM Capital Invests in Canadian Kids TV Producer 9 Story
TORONTO – Canadian kids TV producer 9 Story Entertainment has had a host of milestones of late, including acquiring rival CCI Entertainment's kids and family library to grow its distribution arm.
That growth trajectory now includes an unspecified strategic investment, unveiled Monday, from private equity fund ZM Capital and former DHX Media and Decode Entertainment executive Neil Court.
Terms of the investment deal were not disclosed, but the agreement will see Vince Commisso continue as president and CEO of 9 Story, while Court becomes executive chairman.
The investment comes from ZM Capital II, a private equity fund associated with ZelnickMedia, a New York-based investment firm focused on the media and communications sectors.
Commisso also will report to a new board of directors, as 9 Story’s existing management team continues to lead the company.
9 Story is best known for TV shows like Daniel Tiger’s Neighbourhood, Almost Naked Animals and Camp Lakebottom.
"We are excited to welcome Neil and the partners at ZM Capital, people who share our vision, support our growth strategy, and who will serve as a tremendous resource for existing management," Commisso said in a statement Monday.
Based in Toronto, 9 Story employs around 220 people and has produced more than 900 half-hours of kids' and family programming.
Court, who is based in the U.K., also is chairman and co-owner of Peacock Alley Entertainment, a Toronto-based reality and scripted series producer.