Don't Panic: TV Business As Usual

Just dropping in with my editor Lunchmeat Harold (ed. Howdy!) to address a little panic I had last week.  DHX had planned a listing on an AMERICAN stock exchange.  Do you know how amazing that is?  Not the Toronto Stock Exchange or the Sunshine Valley Stock Exchange but a real stock exchange with American money and everything.  It was such an event that a DHX executive was given the honour of ringing the opening bell!  That honour is only given out once a business day.  And just for fun he did it with one of the Smurfs!

(ed. FYI, the author of this blog owns 1000 shares of DHX.)

Now I said "was excited" because at the last minute, the company got cold feet.  What with world markets being a little depressed (ed. I hear you), the company decided to postpone the listing.  It will happen when things are just right.  After all Michael "Three Houses" Donovan, knows business.  He's like the Donald Trump of Canadian TV.  After all, remember that little fuss with the Liberals kneecapping the industry a few months back?  Guess who came out of it smelling like a rose.  Calling from his London home, Mr. D (ed. The original Mr. D), only had to threaten to take his (ed. our) business elsewhere and Premier MacNeil buckled.  But just for DHX.  They have their own separate fund of taxpayer dollars to draw on, called the Digital Media Tax Credit.  (ed.  Everyone else, yeah, sorry.)

As Premier MacNeil and Diana Whalen so wisely pointed out, any company that relies on government subsidies is no long affordable for this province.  Except for DHX.

You see animated TV is different than live action TV because well, one is real people acting, lighting, catering etc and the other is teenagers imported from Ontario drawing things on there computers.

Simple common sense.

And I know, people who were expecting to work in live-action TV and film this year received a roundhouse kick to the balls out of the blue but really things will be okay.  Many of you are in the process of uprooting your family and moving to anyplace else in Canada to find work, but don't worry about those who are left behind.

Once DHX does there thing on the AMERICAN stock market (ed. exciting!), the companies value will be close to $1 Billion dollars!  And that's good for Nova Scotia and probably the other parts of Canada where they pay taxes.

And for me, as a shareholder, to you who worked and paid taxes here, I thank you.