June 21, 2024

Scholastic closes investment in 9 Story Media Group

Goodmans LLP advised 9 Story Media Inc. in connection with the acquisition by Scholastic Corp. of 100% of the economic interest and a minority of voting rights in 9 Story for C$250 million from ZMC and other sellers.

9 Story is a leading independent creator, producer and distributor of premium children's content. The transaction closed after receiving a satisfactory opinion from the Minister of Canadian Heritage with respect to the transaction, and further enhances Scholastic’s development, production and licensing interests, expanding opportunities to leverage its trusted brand and best-selling publishing and global children’s franchises to build deeper connections with young people around the world across print, screen and merchandising.

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Scholastic closes investment in 9 Story Media Group

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