Hearst Corporation owned the other half. On November 20, 2015, Corus announced, as a result of a strategic review, it would shut down its premium Movie Central and Encore Avenue services in order to focus more on its national specialty channels. Formed in 1999 as a spin-off from Shaw Communications, it is headquartered at Corus Quay in Toronto, Ontario, and has prominent holdings in the radio, publishing, and television industries. A conference call with Corus senior management will take place at 10 a.m. ET/ 9 a.m. CT/ 8 a.m. MT/ 7 a.m. PT. [11], In May 2002, Corus announced that it had acquired a 50% stake in Locomotion, a Latin American and Spanish channel focusing primarily of animated series targeting teens and young adults. As of 2003, the CEO post had been filled by John Cassaday. [58], In June and July, Corus reached two content agreements with subsidiaries of Comcast, including Canadian rights to original series produced for its U.S. streaming service Peacock (NBCUniversal) on June 23, 2020,[59] and Canadian rights to original productions from British subsidiary Sky Studios (via NBCUniversal Global Distribution). 106.9, Q107 and 102.1 the Edge. [65], Corus Entertainment was formed from the media assets that had been owned by Shaw Communications in the years before. [51][52], In June 2019, Corus was announced as a launch partner for Amazon Prime Video Channels in Canada, offering a subscription-based bundle known as "StackTV" with access to live and on-demand programs from Global and eleven Corus specialty services. Additionally, the CRTC considered Corus's "acquisition" of Shaw Media to be a reorganization of the assets of JR Shaw.[43][72]. Many of the assets listed above are only partially owned by Shaw. [22][23] On June 25, it was reported that Corus had agreed to sell CKRS to Radio Saguenay, a local business group. TORONTO, Oct. 6, 2020 /CNW/ - Corus Entertainment Inc. ("Corus" or the "Company") (TSX: CJR.B) will release its fourth quarter and year-end financial results on Thursday, October 22, 2020. Corus also planned to open a new office in Montreal following the sale. The Company's portfolio of multimedia offerings encompasses specialty television and radio with additional assets in pay television, television broadcasting, children's book publishing, children's animation and animation software. TSX gains on upbeat wholesale estimates, Corus Entertainment boost, President, CEO & Non-Independent Director, Chief Financial Officer & Executive Vice President. Corus' roster of premium brands includes Global Television, W Network, HGTV Canada, Food Network Canada, HISTORY®, Showcase, Adult Swim, National Geographic, Disney Channel Canada, YTV, Global News, Globalnews.ca, Q107, Country 105, and CFOX. [2] Formed in 1999 as a spin-off from Shaw Communications, it has prominent holdings in the radio, publishing, and television industries. The reorganization was approved by the CRTC on March 23, 2016,[43] and completed on April 1, 2016. [31][32] In an unrelated deal, Corus also announced that it would acquire Shaw Media's stakes in ABC Spark, Historia, and Séries+ in exchange for cash and its minority stake in Food Network. [57], In March 2020, Corus replaced the individual mobile apps for most of its specialty channels with a unified app under the Global brand, featuring content from Global (including a Global News streaming channel), Food Network, HGTV, History, Showcase, Slice, and W Network on-launch. [28][29] In July 2012, the Teletoon Canada venture (50% with Astral Media) similarly launched a Canadian version of Cartoon Network and Adult Swim. Corus would also launch a separate Nickelodeon SVOD channel. The Company's portfolio of multimedia offerings encompasses specialty television and radio with additional assets in pay television, television broadcasting, children's book publishing, children's animation and animation software. At the same time, multiple Shaw Media executives joined Corus (including its former CEO Barbara Williams, as its new executive VP and COO), and the company adopted a new logo. 9/4/2014 Corus Entertainment Opens Toronto Stock Exchange to Celebrate its 15th Anniversary John Cassaday, President and Chief Executive Officer and Heather Shaw, Executive... | October 29, 2020 [27], In March 2012, Corus and Shaw launched ABC Spark, a localized version of U.S. cable network ABC Family, with Shaw owning 49%. [44] On May 30, 2018, the sale was shelved after it was blocked and rejected by the Competition Bureau, for violating conditions imposed on Bell that prohibits the company from regaining ownership of divested Astral properties for 10 years. In May 2019, Shaw announced it would sell its shares in Corus in a secondary offering, at a valuation of $548 million. (Toronto, Canada) John Cassaday, President and Chief Executive Officer and Heather Shaw, Executive Chair of Corus Entertainment Inc. (CJR.B) will join Loui Anastasopoulos, Vice President, TSX Company Services, Toronto Stock Exchange and TSX Venture Exchange to open the market on Friday, September 5, 2014 to mark Corus' 15 years as a Toronto Stock Exchange listed company.

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