HALIFAX, Nov. 3, 2016 /CNW/ - DHX Media (or the "Company") (NASDAQ: DHXM; TSX: DHX.A, DHX.B), the world's leading independent, pure-play children's content company, has received approval from the Canadian Radio-television and Telecommunications Commission ("CRTC") to allow broadcast advertising, effective immediately, on its pay television channel, Family Channel.
"DHX Media welcomes the CRTC's decision to permit all specialty and pay television services to broadcast advertising," said Joe Tedesco, Senior Vice-President and General Manager, DHX Television. "It represents the next logical step in the implementation of the Let's Talk TV decision, when genre protection was eliminated, and it ensures that pay and specialty channels will now be on a level field."
Family Channel offers the best in family television entertainment in a premium, high-definition, multiplatform environment. Family airs a unique mix of top-rated Canadian and acquired series, movies and specials, and is also home to F2N – an entertainment haven for teens that features high quality programs after 9 p.m. Family Channel subscribers have access to the Family Channel App, Family OnDemand and Family Online, to see hit movies and series when they want them, where they want them.
About DHX Media
DHX Media Ltd. (www.dhxmedia.com) is the world's leading independent, pure-play children's content company. Owner of the world's largest independent library of children's content, at more than 11,800 half-hours, the company is recognized globally for such brands as Teletubbies, Yo Gabba Gabba!, Caillou, In the Night Garden, Inspector Gadget, Make It Pop, Slugterra and the multiple award-winning Degrassi franchise. As a content producer and owner of intellectual property, DHX Media delivers shows that children love, licensing its content to major broadcasters and streaming services worldwide. Through its subsidiary, WildBrain, DHX Media also operates the largest network of children's content on YouTube. The company's robust consumer products program generates royalties from merchandise based on its much-loved children's brands.Headquartered in Canada, DHX Media has offices in 15 cities globally, and is listed on the Toronto Stock Exchange (DHX.A and DHX.B) and the NASDAQ Global Select Market (DHXM).
This press release contains "forward-looking statements" under applicable securities laws with respect to DHX Media including, without limitation, statements regarding the timing and availability of suitable advertising. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and are based on information currently available to the Company. Actual results or events may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations, among other things, include risk factors discussed in materials filed with applicable securities regulatory authorities from time to time including matters discussed under "Risk Factors" in the Company's most recent Annual Information Form and annual Management Discussion and Analysis, which also form part of the Company's annual report on Form 40-F filed with the SEC. These forward-looking statements are made as of the date hereof, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
SOURCE DHX Media Ltd.
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