Scholastic has announced a strategic investment to acquire a majority stake in 9 Story Media Group, enhancing its capabilities in children’s content production and distribution.

Information on the Target

Scholastic, a renowned global leader in children's publishing, education, and media, has officially entered into a definitive agreement to invest in 9 Story Media Group. This strategic move involves Scholastic acquiring 100% of the economic interest and a minority share of the voting rights in 9 Story Media Group, which is recognized for its production, creation, and distribution of premium children's content. The investment is valued at approximately USD $186 million, subject to standard closing adjustments.

This alliance allows Scholastic to harness 9 Story's renowned expertise in production, sales, and licensing, thereby significantly broadening Scholastic's reach and potential within the industry. This collaboration builds on a long-standing partnership between Scholastic Entertainment and 9 Story, marked by successful projects such as the animated reboot of "Clifford the Big Red Dog" and the production of the series "Eva the Owlet" for major platforms like PBS Kids, Amazon Prime Video, and Apple TV+.

Industry Overview in the Target's Specific Country

In the North American market, the children's content industry has witnessed substantial growth driven by increased demand for high-quality educational and entertaining programming. The expansion of digital plat