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DIC Animation enlists Bain for management buyout

DIC Entertainment chairman and CEO Andy Heyward has partnered with Bain Capital Inc in a management buyout of DIC from The Walt Disney Co. Heyward will continue as chairman and CEO of the animation studio which has more than 2,500 half-hours of programming in its library.DIC became a unit of the Disney Filmed Entertainment division followingDisney's buyout of Capital Cities/ABC in 1995 since DIC had previously formed alimited partnership with ABC. But Heyward has long ...

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