ComediHa! reaches agreement to acquire ‘select’ Just for Laughs assets
Advertisement
Read this article for free:
or
Already have an account? Log in here »
We need your support!
Local journalism needs your support!
As we navigate through unprecedented times, our journalists are working harder than ever to bring you the latest local updates to keep you safe and informed.
Now, more than ever, we need your support.
Starting at $15.99 plus taxes every four weeks you can access your Brandon Sun online and full access to all content as it appears on our website.
Subscribe Nowor call circulation directly at (204) 727-0527.
Your pledge helps to ensure we provide the news that matters most to your community!
To continue reading, please subscribe:
Add Brandon Sun access to your Winnipeg Free Press subscription for only
$1 for the first 4 weeks*
*$1 will be added to your next bill. After your 4 weeks access is complete your rate will increase by $4.99 a X percent off the regular rate.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 29/05/2024 (482 days ago), so information in it may no longer be current.
MONTREAL – A Quebec-based entertainment group says it has reached an agreement with Just for Laughs to acquire “select” assets from the financially troubled comedy company.
The agreement with ComediHa! comes after Just for Laughs cancelled its Montreal and Toronto festivals this year and sought creditor protection.
ComediHa! says the agreement is subject to the approval of the Quebec Superior Court, with a hearing set for Monday.
A court filing earlier this year from insolvency trustee PwC said changes to YouTube and Facebook video monetization rules were among factors that led to plummeting revenue for the Just for Laughs parent company last year.
The filing shows Groupe Juste pour rire booked a net loss of more than $7.9 million in the first 10 months of 2023.
The company has said it will undergo a restructuring process to improve its financial health and hopes for a return of the Montreal and Toronto festivals next year.
This report by The Canadian Press was first published May 29, 2024.