Entertainment One has acquired Paperny Entertainment to boost its presence in the North American unscripted and factual TV market.
Paperny is being picked up for CAD$29.2 million (US$27.2 million), in a deal which sees eOne issuing 2,57 million of its own common shares and around $14.5 million in cash.
Paperny is led by co-founder and president David Paperny (pictured above), co-founder and exec VP Audrey Mehler, and exec VP Cal Shumiatcher. All three principals will remain with the company following completion of the acquisition deal.
Paperny Entertainment has offices in Toronto and New York City. The deal comes as eOne looks to grow its U.S. alternative content division, and follows first look deals with unscripted producers like Impossible Pictures Factual and Stuart Coxe’s Antica Productions.