mostlycloudy
Saturday August 18th, 2018 12:20AM

Snoopy joining Sony? Music unit buying stake in Peanuts

By The Associated Press
Related Articles
  Contact Editor

TOKYO (AP) — Snoopy may be joining Sony.

Japanese electronics maker Sony Corp.'s music unit said Monday that it is buying a stake in Peanuts Holdings, the company behind Snoopy and Charlie Brown.

Sony Music Entertainment signed a deal with DHX Media, based in Nova Scotia, Canada, to acquire 49 percent of the 80 percent stake DHX holds in Peanuts.

Under the deal, Sony Music will own 39 percent and DHX 41 percent. The family members of Charles Schulz, the creator of Peanuts, will continue to own 20 percent of Peanuts. The parties hope to complete the acquisition on or about June 30, according to Tokyo-based Sony.

DHX is a leading children's content and brand company, known for Strawberry Shortcake as well as producing children's shows, in addition to Peanuts.

Sony said it sees Peanuts as "world-class," and hopes to use its character business expertise to strengthen the brand and push the business to grow.

Sony has a range of characters under its wings, including those from its PlayStation video games. Its film division makes the Spider-man movie series.

Snoopy and other Peanuts characters are extremely popular in Japan, featured in a variety of everyday goods from T-shirts to plastic chopsticks.

The comic series was translated into Japanese decades ago, becoming an instant hit.

Peanuts began as a comic, first published in American newspapers in 1950. It's now carried in 2,200 newspapers around the world in 21 languages. In 2020, it will celebrate its 70th anniversary. Schultz, who used to say that all he wanted to do was to "draw funny pictures," died in 2000.

The popularity of Peanuts stems partly from its ability to connect with a wide audience through its poetic portrayal of a children's world, exploring with sensitivity and humor themes such as failure, heartbreak and pursuit of music.

___

Follow Yuri Kageyama on Twitter at https://twitter.com/yurikageyama

Her work can be found at https://www.apnews.com/search/yuri%20kageyama

  • Associated Categories: Associated Press (AP), AP Entertainment, AP Online Recordings News, AP Business, AP Business - Corporate News
© Copyright 2018 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Pompeo points to potential security assurances for Kim
The United States is offering assurances to North Korea's Kim Jong Un as it seeks to put in motion the potential for a sweeping nuclear deal
12:57AM ( 23 minutes ago )
Trump: US will help penalized Chinese company
Trump says he will help a Chinese telecommunications company get 'back into business,' saying too many jobs in China are at stake after the U.S. government cut off access to its American suppliers
12:54AM ( 26 minutes ago )
Cuban culture spotlighted by Kennedy Center festival
The Kennedy Center for the Performing Arts is shining a spotlight on Cuba's rich cultural heritage at a time of heightened tensions.
12:48AM ( 33 minutes ago )
Associated Press (AP)
Trial on tap in Giants, Eli Manning memorabilia lawsuit
Jury selection is scheduled to begin on Monday in New Jersey in a lawsuit accusing New York Giants quarterback Eli Manning of selling bogus 'game-worn' equipment to unsuspecting collectors
10:27PM ( 2 hours ago )
2 directors, barred at home, still speak loudly at Cannes
Film directors Jafar Panahi of Iran and Kirill Serebrennikov of Russia speak loudly at the Cannes Film Festival though both are barred from traveling out of their countries
4:37PM ( 8 hours ago )
'Avengers' overpowers 'Breaking In,' 'Life of the Party'
'Avengers: Infinity War' is still ruling the box office in its third weekend in theaters
3:21PM ( 10 hours ago )
AP Entertainment
Paris stabbings investigated as terror attack, claimed by IS
A knife-wielding assailant killed one person and injured four others in a lively neighborhood near Paris' famed Opera Garnier before he was killed by police and claimed by the Islamic State group as one of its "soldiers"
9:31PM ( 1 day ago )
Netta Barzilai wins 2018 Eurovision Song Contest for Israel
Pre-competition favorite Netta Barzilai won the 2018 Eurovision Song Contest for Israel on Saturday with her song "Toy"
8:51PM ( 1 day ago )
The Latest: Barzilai wins Eurovision Song Contest for Israel
Netta Barzilai has won the 2018 Eurovision Song Contest for Israel with her song "Toy."
6:49PM ( 1 day ago )
AP Online Recordings News
Hong Kong shares jump after Trump tweets on China's ZTE
Asian shares mostly higher, Hong Kong shares jump after Trump tweets on China's ZTE
11:14PM ( 2 hours ago )
Trump says US will help penalized Chinese company
Trump says he will help a Chinese telecommunications company get 'back into business,' saying too many jobs in China are at stake after the U.S. government cut off access to its American suppliers
11:11PM ( 2 hours ago )
Curacao court OKs Conoco seizing Venezuelan oil assets
A court on the Dutch island of Curacao has authorized the local subsidiary of U.S. oil giant ConocoPhillips to seize $636 million worth of assets held on the island by Venezuela's state oil company, PDVSA
9:59PM ( 3 hours ago )
AP Business
Deal could restart stalled NYC Ferris wheel tourism project
Developers of a 630-foot Ferris wheel overlooking New York Harbor have four months to restart the tourism project or cancel it under an agreement submitted to bankruptcy court
9:17AM ( 16 hours ago )
Trump welcomes N. Korea plan to blow up nuke-site tunnels
Trump welcomes North Korea's 'gracious' announcement that it will dismantle its nuclear test site before historic summit
6:57AM ( 18 hours ago )
Nuke agency pitches plutonium pits for Savannah River Site
The National Nuclear Security Administration has officially proposed producing plutonium pits at two locations, including the Savannah River Site in South Carolina
10:57PM ( 1 day ago )
AP Business - Corporate News
Pompeo points to potential security assurances for Kim
The United States is offering assurances to North Korea's Kim Jong Un as it seeks to put in motion the potential for a sweeping nuclear deal
12:57AM ( 23 minutes ago )
Trump: US will help penalized Chinese company
Trump says he will help a Chinese telecommunications company get 'back into business,' saying too many jobs in China are at stake after the U.S. government cut off access to its American suppliers
12:54AM ( 27 minutes ago )
Cuban culture spotlighted by Kennedy Center festival
The Kennedy Center for the Performing Arts is shining a spotlight on Cuba's rich cultural heritage at a time of heightened tensions.
12:48AM ( 33 minutes ago )
Netanyahu's dinner diplomacy with a UAE envoy
Israeli leader Benjamin Netanyahu and an Emirati ambassador had an unusual dinner, showing the quiet ties between Israel and some of its Arab neighbors
12:44AM ( 37 minutes ago )
Amid warnings from China, Taiwan boosts domestic arms makers
Taiwan is seeking to build-up its domestic defense industry in the face of China's warnings and the reluctance of foreign arms suppliers to provide it with planes, ships, submarines and other hardware to defend its 23 million people
12:40AM ( 40 minutes ago )