Technology
WildBrain acquires child-focused generative AI startup Personality AI
The Canadian children's media company bought the platform in a cash and stock deal valued at up to $69 million depending on performance targets.
The short version
- WildBrain has acquired Personality AI, a startup that creates conversational generative AI experiences using licensed children's media characters.
- The acquisition deal includes roughly $11 million in upfront cash, 1 million shares, and up to $56 million in earn-outs tied to revenue targets through 2029.
- Personality AI founder John Goscha and his team will join WildBrain, with Goscha serving as executive vice president of Personality AI.
- The transaction aims to expand interactive brand and licensing opportunities for children's entertainment properties while relying on platform safety controls.
Key facts
- WildBrain acquired Personality AI for approximately $11 million in cash and 1 million company shares at closing.[Variety · The Hollywood Reporter]
- The transaction includes $2 million in additional payment on the first anniversary of the deal's closing and up to $56 million in performance-based cash consideration tied to revenue goals from 2027 to 2029.[Variety · The Hollywood Reporter]
- Personality AI founder and CEO John Goscha will report to WildBrain president and CEO Josh Scherba as executive vice president of Personality AI.[Variety · The Hollywood Reporter]
- Personality AI previously developed an interactive Peppa Pig product in partnership with Hasbro for Amazon Kids+ on Fire Kids tablets.[Variety · The Hollywood Reporter]
- Personality AI is a participant in the FTC-backed COPPA Safe Harbor Program.[Variety]
What remains uncertain
- The ultimate transaction value depends on whether Personality AI achieves its revenue targets between 2027 and 2029 to earn the full $56 million performance payout.[Variety · The Hollywood Reporter]
Sources
- Teletubbies Owner WildBrain Buys AI Firm for $11 MillionThe Hollywood Reporter metered
- WildBrain Acquires ‘Kid Safe’ Generative-AI Platform Personality AI in Deal Worth up to $69 MillionVariety metered