DHX Media says its WildBrain kids unit tapping growth from online streaming - News Summed Up

DHX Media says its WildBrain kids unit tapping growth from online streaming


TORONTO - DHX Media Ltd. sees the new YouTube Kids mobile app and streaming services from Apple, Amazon and Roku as promising new ways to generate revenue from its library of video programming, senior executives said Tuesday. ( HO / THE CANADIAN PRESS )During the quarter, DHX signed a landmark deal to produce new content focused on the Peanuts characters Snoopy (the dog) and Woodstock (the bird). DHX president Josh Scherba said the revenue growth at WildBrain was slower than in previous periods, but that was partly due to a shift of kids viewing to the new YouTube Kids dedicated app from the general YouTube platform. “Ultimately, we think the YouTube Kids app is a great thing,” he said. Excluding net income attributable to non-controlling interests, DHX Media’s net loss was $11.8 million, compared with a year earlier profit of $9.2 million.


Source: thestar February 12, 2019 13:07 UTC



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