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
Barry Walsh is editor and content director for realscreen, and has served as editor of the publication since 2009. With a career in entertainment media that spans two decades, prior to realscreen, he held the associate editor post for now defunct sister publication Boards, which focused on the advertising and commercial production industries. Before Boards, he served as editor of Canadian Music Network, a weekly music industry trade, and as music editor for HMV.com. As content director, he also oversees the development of content for the brand's market-leading events, the Realscreen Summit and Realscreen West, as well as new content initiatives.