Slide 1: Exhibit 99.2 March 12, 2024
Exhibit 99.2 MARCH 12, 2024
Slide 2: Disclaimers and Other Important Information
Disclaimers and Other Important Information This presentation (the “Presentation”) about Scholastic Inc. (“Scholastic”) and its agreed upon investment in 9 Story Media Group Inc. (“9 Story”) is dated as of March 2024. It contains information in a summary form and should be read in that context, as i
Slide 3: Transaction Overview - Scholastic + 9 Story
™ Transaction Overview - Scholastic + 9 Story • Scholastic to acquire 100% of the economic interest in and a minority of voting rights in 9 Story Media Group (“9 Story”), a leading creator, producer and distributor of premium, animated & live- action children’s content 1 • Purchase price of approxim
Slide 4: 9 Story At A Glance
9 Story At A Glance KEY METRICS 5,000+ 74% 9 Story is a leading independent creator, producer Half Hours of of Library Content Owned and distributor of premium children’s content Distributed Catalog IP or Long-Term Rights • Award-winning, turn-key global production studios in Toronto, Dublin, and Ba
Slide 5: 9 Story Provides Capabilities Across Entire IP Lifecycle
9 Story Provides Capabilities Across Entire IP Lifecycle Full set of highly synergistic capabilities across the entire kids’ IP lifecycle, from inception to production to monetization IP DEVELOPMENT & CREATIVE SERVICE CONSUMER DISTRIBUTION PRODUCTION PRODUCTION PRODUCTS Production service Sales to d
Slide 6: Transaction Accelerates 360° Content Creation Strategy
Transaction Accelerates 360° Content Creation Strategy Bring Scholastic’s award-winning content from the pages of books and series to big and small screens Supports growth of 9 Story enables Scholastic children’s acceleration of franchises, driving book page-to-screen sales, creating additional capa
Slide 7: Driving Long-Term Value in Clifford Through 360° Strategy
Driving Long-Term Value in Clifford Through360°Strategy Published Clifford, the Big Red Dog in 1963, the first 1 book in the bestselling Clifford book series Produced Clifford the Big Red Dog TV Series in 2000 (PBS Kids) followed by Clifford the Big Red Dog TV Series (with 9 Story) in 2019 (Amazon /
Slide 8: 9 Story Financial Overview
9 Story Financial Overview 3% 40% Scholastic’s strategic investment and Creative Service Production economic interest in 19% 9 Story expected to $104M IP Production contribute long-term 1 growth & earnings FY2023 Revenue accretion Distribution Consumer Products 39% 1) 9 Story's fiscal year ended Aug
Slide 9: Transaction Summary
Transaction Summary Scholastic to acquire 100% of the economic interest in and a minority of voting rights in • Transaction 9 Story Media Group Overview 1 Purchase price (enterprise value on cash-free, debt-free basis) of ~$186M (CAD $250m) • Transaction expected to be initially funded from Scholast
Slide 10: Transaction Highlights
Transaction Highlights Accelerates 360° content creation strategy with 1 significant brand & content monetization opportunity Investment in best-in-class production studios 2 with global distribution & licensing capabilities Risk-mitigated production model through advantageous 3 tax opportunities &
Slide 11: RASCHOLASTIC
RASCHOLASTIC