On December 17, 2024, IoM Media Ventures Inc., backed by MEP Capital, agreed to acquire a 66.67% stake in WildBrain Ltd.'s (TSX: WILD) television broadcast business, including Family Channel, Family Jr., WildBrainTV, and Télémagino. WildBrain expects to receive over $40 million in total from the transaction and its continued involvement in the Channels. Proceeds will primarily be used to reduce debt.

WildBrain will retain a 33.33% stake and, following the deal, will no longer be subject to non-Canadian ownership restrictions under the Broadcasting Act. The transaction is subject to CRTC approval and is expected to close in three to six months.

Michael Partridge of Goodmans LLP advised WildBrain, while Mark G. Gosine, KC of Gosine Media and Technology Law advised IoM Media Ventures.