Corus headquarters in Toronto as seen from CN Tower
|Founded||Toronto, Ontario (1999)|
|Headquarters||Toronto, Ontario, Canada|
President / CEO
|Revenue||$833 million CAD (2014)|
Number of employees
Corus Entertainment is a Canadian media and broadcasting company. Formed in 1999 as a spin-off from Shaw Communications, it is headquartered in Toronto, Ontario, and has prominent holdings in the radio, publishing, and television industries. Corus Entertainment's voting majority is held by the company's founder JR Shaw and his family.
Corus has a large presence in Canadian specialty television, most prominently within the children's television market through its ownership of networks such as the Canadian YTV and Teletoon/Télétoon brands as well as localized versions of the United States channels Nickelodeon, Cartoon Network, and Disney Channel/La chaîne Disney, along with the animation studio Nelvana and book publisher Kids Can Press. Corus is also a major owner of radio stations in Canada, operating 39 stations across numerous markets.
|This section is missing information about early history. (April 2015)|
On April 30, 2010, it was announced that all Corus Québec stations, with the exception of CKRS, would be sold to Cogeco for $80 million, pending CRTC approval. Corus's reason for the sale is that their Quebec radio stations are less profitable than their stations in other parts of Canada. However, Cogeco must either apply with the CRTC for an exemption from the common ownership policy, or sell off some of these (or their own) stations as they will be over the maximum allowable number of stations in Montreal, Quebec City, and Sherbrooke. On June 25, it was reported that Corus had agreed to sell CKRS to Radio Saguenay, a local business group.
The sale of the Corus Québec stations was approved by the CRTC on December 17, 2010, on the condition that Cogeco-owned CJEC-FM and Corus-owned CFEL-FM and CKOY-FM be sold to another party by December 2011. On January 13, 2011, competing broadcaster Astral Media announced that they would seek legal action to stop the sale of these stations to Cogeco, citing the fact that it would own more stations than Astral in the Montreal market, making the competition unfair.
Under a license from Disney/ABC Television Group for ABC Family programming, Corus launched ABC Spark on March 26, 2012 with Shaw Media owning 49%. In March 2013, as part of Bell Media's proposed acquisition of Astral Media, Corus reached a tentative deal to acquire Astral's stakes in Historia, Séries+, and the Teletoon networks, along with several radio stations, for $400.6 million. This aspect of the deal, intended to quell concerns from the CRTC regarding Bell's total market share after the merger, was approved by the Competition Bureau on March 18, 2013. 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 Canada. Corus has indicated that as a whole, these acquisitions are intended to expand its operations in the competitive Quebec market. Corus also plans to open a new office in Montreal following the acquisitions.
On September 1, 2013, Corus reorganized into six divisions, Corus Radio, Corus Kids, Corus Women and Family, Corus Content Distribution and Pay TV, Corus Airtime Sales and Corus Media. Corus Kids would have two programming groups, kids specialty TV services which holds YTV, Treehouse, Nick Canada, Nelvana Studio and Nelvana Enterprises, and Teletoon Canada group holding Teletoon, Teletoon Retro, and Cartoon Network Canada. Corus Media holds its French language channels.
On April 16, 2015, Corus Entertainment announced that it had reached an agreement with the Disney-ABC Television Group to acquire long-term, Canadian multi-platform rights to Disney Channel's programming library. Alongside the licensing deal, Corus announced that it would officially launch a Canadian version of Disney Channel on September 1, 2015. A French version, Disney La Chaîne, was also launched.
On November 20, 2015, Corus announced that it would exit the premium television industry to focus on its national specialty services. As a result, Corus will sell its rights to operate a premium television service in western Canada to Bell Media for $211 million, resulting in the planned discontinuation of Movie Central in 2016, the expansion of The Movie Network into a national service, and Bell becoming the sole rightsholder of HBO programming in Canada.
Sponsorships and industry partnerships
Corus is an industry sponsor of the University of Waterloo Stratford Campus; Gary Maavara, Corus' General Counsel, sits on the Waterloo campus' advisory board. The company also funds a couple of endowed chair positions, including Chair in Women in Management at the Ivey Business School (London, Ontario, Canada) beginning in 2003, and a Chair in Communications Strategy at the Rotman School of Management (Toronto) beginning in 2002.
Relationship with Shaw Communications
Shaw and Corus continue to be controlled by the Shaw family, and as a result, media reports have sometimes erroneously referred to Corus as a subsidiary of Shaw. In fact, Shaw and Corus are independent, publicly traded companies, with separate management teams and separate boards of directors.
Nonetheless, some reports indicate that the two companies continue to have a close relationship. For several years, Corus managed advertising operations (such as TV listings channels) for Shaw's cable systems, although this operation has since been discontinued. Executives have also occasionally moved between the two companies, with former Corus Television president Paul Robertson joining Shaw to head Shaw Media (the former Canwest broadcasting operations) in 2010.
Following Shaw's 2010 acquisition of Canwest's TV assets, the two companies incidentally became partners in certain channels including Dusk (later replaced by ABC Spark) as well as Food Network Canada; these partnerships were unwound in 2013. Otherwise, there has been no connection or common programming between Corus's conventional and specialty television operations and those of Shaw Media. For example, Corus owns three over-the-air TV stations which were longtime CBC affiliates, and which agreed in 2015 to switch to Bell Media's CTV network, despite Shaw owning the rival Global network.
However, due to its connections to Shaw, Corus Entertainment is considered to be "related" to Shaw in regards to the Canadian Radio-television and Telecommunications Commission's (CRTC) "3:1 rule", which requires service providers to carry three channels from other broadcasters for each service they carry that is owned by a company related to the service provider.
- List of assets owned by Corus Entertainment
- List of companies paying monthly dividends
- List of conglomerates
- "Company Profile for Corus Entertainment Inc (CJR)". Retrieved 2008-10-08.
- Staff (October 17, 2009). "Corus Entertainment Brings Nickelodeon North". Pediatrics Week (NewsRx). Retrieved 2015-07-04 – via HighBeam Research.
- "Canada's Corus Entertainment sells all its stations in Quebec, including Montreal". Radio-Info.com. 30 April 2010.
- St. Petersburg Times, "Canada Report" column, May 9, 2010.
- Corus sells Saguenay station to local buyers, The Wire Report, 25 June 2010
- Broadcasting Decision CRTC 2010-942: "Transfer of effective control of various commercial radio programming undertakings from Corus Entertainment Inc. to Cogeco inc.", issued December 17, 2010.
- Canadian Press, via Yahoo: "Cogeco says new radio stations to provide growth and expects deal to go through", January 13, 2011.
- Corus' ABC Spark to Launch March 26th, Broadcaster Magazine, 2012-01-05
- "Corus eyes aggressive TV expansion in Quebec". The Globe and Mail. Retrieved 27 March 2013.
- "Bell moves closer to Astral with sale of TV assets". The Globe and Mail. Retrieved 5 March 2013.
- "Competition Bureau clears Corus acquisition of Astral assets". Canadian Press. Retrieved 20 March 2013.
- Ng-See-Quan, Danielle (July 16, 2013). "Changes to Corus leadership, including Corus Kids". KidScreen (Brunico Communications Ltd.). Playback Online. Retrieved August 16, 2015.
- Dickson, Jeremy (February 10, 2014). "Corus unveils Teletoon integration plan". KidScreen (Brunico Communications Ltd.). Retrieved August 16, 2015.
- David Friend (April 16, 2015). "Corus gains Canadian rights to Disney Channel content". The Globe and Mail (The Globe and Mail Inc.). Canadian Press. Retrieved April 16, 2015.
- Padovano, Joanna (August 12, 2015). "Disney Channel Sets Premiere Date for Canada". World Screen (Toronto: WSN INC.). Retrieved August 16, 2015.
- "Bell buys HBO rights across Canada as Corus backs out of pay TV". Canadian Press. Retrieved 22 November 2015.
- Kelly, Brendan (July 25, 2003). "Canada's Corus sings as black ink returns". Variety. Retrieved 2015-07-04 – via Highbeam Research.
- "Industry Partnerships". University of Waterloo. Retrieved 24 April 2014.
- "Advisory Board profiles". University of Waterloo. Retrieved 24 August 2014.
- "Corus Entertainment Donates $2 Million to Establish Chair in Women in Management" (Press release). Ivey School of Business. April 25, 2003. Retrieved 2015-07-04 – via Ascribe Higher Education News Service via HighBeam Research.
- "Corus Entertainment Funds Chair in Communications Strategy, Women in Business Program at University of Toronto's Rotman School of Management" (Press release). Rotman School of Management. September 5, 2002. Retrieved 2015-07-04 – via Ascribe Higher Education News Service via HighBeam Research.
- corusent.com Corporate homepage, About Us
- Iain Marlow (2010-05-04). "Shaw taps Corus veteran for top TV job". The Globe and Mail. Retrieved 2010-10-28.
- "Press Release - Corus Entertainment Receives CRTC Approval on TELETOON Canada Inc., Historia and Séries+ Acquisitions". Corusent.com. Retrieved 2013-12-22.
- Corus Entertainment (2015-05-20). "Corus Entertainment's Eastern Ontario Television Channels Enter into a Program Supply Agreement with Bell Media to Broadcast CTV Programming". Retrieved 2015-05-20.
- Corus Entertainment. "CRTC Application 2012-0197-0 (.zip format)". Retrieved 2012-04-11.