DHX, imX under one roof
DHX Media picks up 20 feature filmsTORONTO -- 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.