“DIC and the Walt Disney Co. have enjoyed five exciting years together, but we desired to return to our roots as independent producers of children’s content for the worldwide market,” said Heyward. “While we continue to be a supplier to myriad Disney units, our independence will facilitate a more diversified slate of programming and help build upon our stature as a premiere global supplier of children’s entertainment.”
Joe Pretlow, managing director of Bain Capital, said: “We are excited to partner with Andy and his exceptional management team in acquiring one of the world’s leading children’s content companies. We believe DIC’s strong library and character franchises combined with its exciting slate of new productions will provide the company with substantial growth opportunities and position it as a leading entertainment consolidator.”
DIC is ramping up production to 200 half-hours per year.
Along with “Poor Richard’s Almanac,” a new series in production for PBS, DIC is at work producing four other series.
At Mipcom, DIC recently announced the relaunch of its international sales division and a newly reassembled sales force. The company unveiled a broad slate of animated programming, including its new properties “Super Duper Sumos,” “Salem,” “Action Girls” and “Gadget and the Gadgetinis.”
Headquartered in Boston with offices in New York, San Francisco and London, Bain Capital is a global private equity firm that manages several pools of capital, with over $12 billion in assets under management.
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