Reminder: Cyrus Entertainment Inc. Current Agreement With Warner Bros. Discovery Set To Expire By 31 December 2024
Corus Entertainment Inc. (TSX: CJR.B) (“Corus” or “the Company”) is providing an update today that it has been informed by Warner Bros. Discovery, Inc. that some of its programming and trademark output arrangements will not be renewed upon their expiry on December 31, 2024. This affects content on certain Corus-operated specialty channels. Corus does not currently expect changes to the programming of the channels until 2025. “I want to reinforce Corus’ intent to continue operating the country’s largest and most widely distributed lifestyle channels based on the strength of top-rated Canadian programs and alternate foreign content supply,” said Troy Reeb, EVP, Networks and Content of Corus. “We have an exceptional fall schedule coming in September and a vast amount of Canadian and U.S. content to carry us into the future.” “This is an unfortunate example of inequitable structural relationships in the Canadian media and telecom industries, particularly affecting independent b