Cravath, Swaine & Moore LLP
12/29/2025 | Press release | Distributed by Public on 12/29/2025 14:46
WildBrain’s Sale of its Stake in Peanuts to Sony
On December 18, 2025, WildBrain Ltd. ("WildBrain") announced it has signed a definitive agreement to sell its 41% stake in Peanuts Holdings LLC ("Peanuts"), the holding entity for the Peanuts IP, to Sony Music Entertainment (Japan) Inc. and Sony Pictures Entertainment Inc. (together, "Sony") for $630 million cash. The ownership of rights to the Peanuts brand and the management of its business are handled by Peanuts Worldwide LLC, a wholly owned subsidiary of Peanuts. The family of Charles M. Schulz, creator of Peanuts, retain their 20% stake in the brand. Cravath is representing the family of Charles M. Schulz in connection with the transaction.
The Cravath team is led by partner Thomas E. Dunn. J. Eunice Sohn also worked on this matter.
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