Toronto, Canada’s Temple Street Productions is quickly moving forward on its growth strategy, taking a “significant” minority interest in Toronto-based children’s original IP and animation company Industrial Brothers (Yup Yups, pictured)
The deal, the terms of which were not disclosed, will see Temple Street Distribution handle sales for Industrial Brothers’ content, merchandising and licensing. Temple Street’s in-house digital team will also partner with Industrial Brothers to develop and execute interactive, gaming and app projects.
The investment is part of a larger strategy from Temple Street to expand its activity in the youth-driven entertainment space, building upon the success of its faux-reality series The Next Step, which is currently in its fourth season on Family.
The Industrial Brothers investment comes about a week after Temple Street announced its distribution arm had acquired Radical Sheep Productions’ Ollie! The Boy Who Become What He Ate, the division’s first third-party pickup. This coming year will also see Temple Street launch tween-focused Lost & Found Music Studios on Family Channel in Canada in 2016. The series will also bow next year on Netflix in global territories outside of Canada and the U.K, and will be branded as a Netflix Original on the streamer.