Strategic transaction crystallizes the brand's substantial value creating opportunity to accelerate growthFully de-levers WildBrain's balance sheet, eliminating all debt and saving approximately $50 million in annual interest payments and leaving over $40 million cash surplusAllows reinvestment in high-growth,

WildBrain has signed a definitive agreement to sell its 41% stake in iconic children's IP Peanuts to Sony for C$630m in cash as it targets investment in its other brands, such as Strawberry Shortcake,