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The Incredible World of DIC-0

The logo for the company used during most of the Disney ownership.

DIC Entertainment was an animation studio based in Burbank, California that focused on the production of animated material.

The Walt Disney Company owned DIC through a Limited Partnership through DIC's CEO Andy Heyward from 1996 to 2000.

Connection with Disney

DIC originally signed a home video deal with Buena Vista Home Video in 1991, which would allow them to distribute DIC shows onto VHS. On July 12, 1993, Disney signed a new video deal with the company, allowing Disney to distribute DIC releases under their own video label[1] which would eventually be called DIC Toon-Time Video.

In 1993, DIC's parent company DIC Animation City formed a limited partnership with Capital Cities/ABC called DIC Entertainment L.P. which Andy Heyward, DIC's CEO took a smaller ownership stake in. Eventually the former company was folded, meaning CC/ABC fully owned DIC through DIC Entertainment L.P. Due to this status, the company was allowed to continue operating on it's own and produce shows outside of ABC.

In August 1995, the Walt Disney Company announced they would acquire Capital Cities/ABC for $19 billion. The purchase was closed in January 1996 and so DIC became a subsidiary of the Walt Disney Company. continuing to trade the same way as before. DIC also launched a film division titled DIC Films, which produced live action movies with Disney like Meet the Deedles, Disney Channel Original Movie Genius and Inspector Gadget, an adaptation of the show of the same name, who's titular character was DIC's mascot.

When Toon Disney launched in 1998, various DIC Entertainment shows aired on the channel.

On November 18, 2000, Disney announced they would sell the company back to Andy Heyward through Bain Capital, Inc. The deal was closed on November 25, 2000, but the 2 companies still maintained a partnership afterwards, which included international distribution to future DIC projects.

DIC Toon-Time Video

DIC Toon-Time Video was a video label distributed by Buena Vista Home Video, that focused on distributing most DIC shows onto VHS. The label was created in 1994, replacing the regular DIC branding on tapes, and was retired in 2000 after the sellout of DIC by Andy Heyward.

Aftermath

In 2004, Heyward purchase Bain Capital's stake in DIC Entertainment and took the company public the following year.

In July 2008, Cookie Jar Entertainment purchased and folded DIC Entertainment. Since 2019, most of DIC's former assets and library are owned by DHX Media, who acquired Cookie Jar in October 2012. Some exceptions include the live action films they produced with Disney, which the latter retains full ownership to.

References

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