WILDBRAIN COMPLETES HOUSE OF COOL ACQUISITION, SIGNIFICANTLY EXPANDING AND ENHANCING ITS PRE-PRODUCTION CAPABILITIES
A strategic extension of WildBrain's focus on creative excellence, the acquisition significantly expands and enhances the Company's pre-production capabilities for premium animated series, specials and features.
- A strategic extension of WildBrain's focus on creative excellence, the acquisition significantly expands and enhances the Company's pre-production capabilities for premium animated series, specials and features.
- Additionally, there is a potential earn-out of up to $6 million based on collection of certain tax credits earned by House of Cool up to closing.
- Bringing their deep experience and creative expertise, House of Cool executives and co-founders, Wes Lui and Ricardo Curtis, have joined the WildBrain Studios senior management team in the newly created roles of Co-General Managers of House of Cool.
- Josh Scherba, President and CEO of WildBrain, said: "We're delighted to close our acquisition of House of Cool and to officially welcome Wes, Ricardo and their talented team to WildBrain.