Studio4 Networks sold to Knightscove

studio4 networksStudio4 Networks, a company that provides educational video-on-demand (VOD) content delivery, has reached an agreement to be acquired by the Canadian film, DVD and TV production company, Knightscove (TSX on Toronto Stock Exchange) for $3.5MM in Cash and 5.5MM shares of Knightscove stock.

According to Colin Phillips, COO of Studio4 (and also a member of TCA in Los Angeles), the deal is anticipated to close in early December.

Studio4 has 3 on demand networks that provide content on early childhood developmental learning (Studio4 Kids), award winning educational programming (Studio4 Learning) and Health and Fitness programming (Studio4 Fitness). Content is distributed both through Video and Demand and Broadband platforms.Studio 4 Networks is a leading non-theatrical On-Demand network content distributor.

studio4 networks channels

Studio4 plans to generate revenue through advertisements placed on its networks, sales of ancillary products such as DVDs and through sponsorship and co-branding opportunities.

Studio4 has raised angel funding in the past, and is looking to close its latest bridge round of financing (to series A).

Studio 4’s offerings will complement those of Knightscove Media Corp. which separately announced its acquisition, today (October 3rd, 2007), of the distribution rights to a popular Canadian show (4 million viewers) “Little Mosque on the Prairie” from the Canadian Broadcasting Corporation’s (”CBC”), and “Talk to the Hand - Live in Michigan”, the first ever live concert DVD from the contemporary band, the Barenaked Ladies.

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