eOne buys Paperny Entertainment

The US$27.2 million takeover will see co-founders David Paperny (pictured) and Audrey Mehler remaining with the Yukon Gold producer.
July 17, 2014

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.

Vancouver-based Paperny is best known for factual series such as Chow Masters for Travel Channel in the U.S., Chopped Canada for Food Network, and Yukon Gold for History Channel.

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.

About The Author
Managing editor with realscreen publication, an international print and online magazine that covers the non-fiction film and television industries. Darah is an award-winning journalist who has spent over two decades covering a wide range of issues from real estate and urban development to immigration, politics and human rights, primarily with The Vancouver Sun. Prior to joining realscreen, she was editor of Stream Daily, realscreen's sister publication covering the dynamic global digital video industry. She also served a stint as a war reporter in Afghanistan for television and print, and was a national business blogger with Yahoo Canada.