Investment Summary

Corus Entertainment and Hearst Invest In The Locomotion Channel

On May 17, 2002, Corus Entertainment and Hearst invested in media company The Locomotion Channel from Claxson Interactive Group

Investment Highlights
  • This is Corus Entertainment’s 1st and Hearst’s 2nd transaction in the Media sector.
  • This is Corus Entertainment’s 1st and Hearst’s 2nd transaction in the United States.
  • This is Corus Entertainment’s 1st and Hearst’s 1st transaction in Florida.

Investment Summary

Date 2002-05-17
Target The Locomotion Channel
Sector Media
Investor(s) Corus Entertainment
Hearst
Sellers(s) Claxson Interactive Group
Deal Type Stake Purchase

Target

The Locomotion Channel

Miami Beach, Florida, United States
The Locomotion Channel is an action-oriented animation pay television service targeting young adults aged 18-35 available in over 27 countries and 7 million homes throughout Latin America and Iberia (Spain and Portugal).

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Investor(S) 2

Investor

Corus Entertainment

Toronto, Ontario, Canada

Category Company
Founded 1998
Sector Media
DESCRIPTION

Corus Entertainment, Inc. is a media and entertainment company that creates, broadcasts and licenses content across a variety of platforms for audiences around the world.


DEAL STATS #
Overall 1 of 7
Sector (Media) 1 of 6
Type (Stake Purchase) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2002) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Toon Boom

Montreal, Quebec, Canada

Toon Boom is an animation software company that provides artistic freedom to clients in creating any style and efficiently publishing anywhere and provides real-time management for animated projects. The company serves customers including Disney Television Animation, Amazon, Fox Television Animation, Nelvana, Toei Animation, The SPA Studios, Xilam, and Boulder Media, to name a few. Toon Boom was formed in 1994 and is based in Montreal, Quebec.

Buy -
Investor

Hearst

New York, New York, United States

Category Company
Founded 1887
Sector Media
Revenue 9.0B USD (2013)
DESCRIPTION

Hearst is a privately held American mass media and business information conglomerate founded by William Randolph Hearst in 1887. The Company operates in a wide range of industries, including publishing, broadcasting, entertainment, digital media, and real estate. Hearst owns over 360 businesses across the globe, including newspapers, magazines, television stations, cable networks, book publishers, and online media. Some of its most well-known brands include Cosmopolitan, Esquire, Harper's Bazaar, Elle, Marie Claire, Car and Driver, and Good Housekeeping. The company also owns a significant stake in ESPN and A&E Networks. Today, Hearst is one of the largest diversified media and information companies in the world. Hearst is based in New York City.


DEAL STATS #
Overall 2 of 29
Sector (Media) 2 of 6
Type (Stake Purchase) 2 of 2
State (Florida) 1 of 2
Country (United States) 2 of 26
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1990-11-09 ESPN

Bristol, Connecticut, United States

ESPN, Inc. operates as a multimedia sports entertainment company around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-15 Zynx Health

Los Angeles, California, United States

Zynx Health, Inc., a healthcare quality improvement and acquired by Hearst Corporation in 2004. Zynx has grown to become a recognized leader in evidence-based clinical decision support, and offers a suite of online solutions that help clinicians treat their patients based on the best available evidence from systematic research.

Buy -

Seller(S) 1

SELLER

Claxson Interactive Group

Buenos Aires, Argentina

Category Company
Founded 1997
Sector Media
Employees662
DESCRIPTION

Claxson Interactive Group, Inc. is a multimedia provider of branded content. The company offers a portfolio of popular entertainment brands and various methods of distributing its content through its assets in pay television, and broadband and Internet.


DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Stake Purchase) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2002) 1 of 1