Scholastic has signed a deal with children’s content creator, producer, and distributor 9 Story Media Group, in which it will acquire 100 percent economic interest in the company, as well as minority voting rights, for approximately $186 million. The two companies have previously collaborated on TV projects including the “Clifford the Big Red Dog” reboot for PBS Kids and Amazon Prime Video and “Eva the Owlet” on Apple TV+. Scholastic ceo and president Peter Warwick said in a release, “This highly strategic combination, adding 9 Story’s industry-leading capabilities with Scholastic’s trusted brand and proven ability to create iconic children’s series and […]
