People/Biz

Canada’s Competition Bureau blocks Corus’ Historia, Series+ sale

Bell Media's bid for the Corus properties is still to be reviewed by the CRTC.
May 28, 2018

Canada’s Commissioner of Competition has rejected Corus Entertainment’s sale of French-language channels Historia and Séries+ to Bell Media.

“At this time, Corus Entertainment and Bell Media are reviewing the Commissioner’s decision, and considering the appropriate course of action,” read a statement issued by Corus on Monday (May 28). The media co said it will provide updates in due course.

Bell Media and Corus first announced the proposed transaction (valued at approximately $200 million) in October of 2017. At the time, the companies said they expected the deal to close in mid-2018.

In addition to Competition Act approval, the sale is also subject to the CRTC’s consent as well as a number of other standard closing conditions. The transaction is currently being reviewed by the CRTC. Any changes of control or ownership of licensed undertakings must comply with legislation administered by both the Competition Bureau and the CRTC.

This is not the first time that Bell Media’s attempts to buy Historia and Séries+ have hit a roadblock. Bell Media’s parent co BCE originally intended to acquire the channels in 2013 via its acquisition of Astral Media. However, the CRTC denied the acquisitions on competition grounds. In order to complete the deal, BCE had to divest itself of a number of Astral TV services including Historia and Séries+. Later that year Corus acquired Historia and Séries+, as well Teletoon.

In 2014, Historia signed an agreement with A+E Networks in the U.S. to acquire French-language rights to programming from A+E’s History in the U.S., and in early 2015 Historia rebranded itself with the History logo, while retaining its original name.

Bell Media currently operates 10 French-language TV channels in Québec, including Canal D, Canal Vie, Cinépop, Investigation, RDS, RDS Info, RDS2, Super Écran, Vrak, and Z.

(From Playback Daily)

About The Author
Senior staff writer Frederick Blichert comes to realscreen with a background as a journalist and freelance film critic. He has previously written for VICE, Paste Magazine, Senses of Cinema, Xtra, Canadian Cinematographer and elsewhere. He holds a Master of Arts in film studies from Carleton University and a Master of Journalism from the University of British Columbia.

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