04:09:31 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Corus Entertainment Inc
Symbol CJR
Shares Issued 196,873,632
Close 2022-09-12 C$ 2.90
Market Cap C$ 570,933,533
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Corus signs overall deal with Dominion of Drama

2022-09-13 11:48 ET - News Release

Mr. Colin Bohm reports

CORUS ENTERTAINMENT SIGNS OVERALL DEAL WITH DOMINION OF DRAMA AND ITS FOUNDER JEFF NORTON

Corus Entertainment has signed a new overall deal with creative content company Dominion of Drama and has appointed its founder, Jeff Norton, to the Corus team as head of Waterside Studios. Waterside Studios is a new IP (intellectual property) and production venture focused on bringing premium scripted Canadian content for youth and primetime audiences to the Canadian and international marketplace.

"Jeff's creativity, business acumen, and international focus will help propel our content ownership strategy as we pursue production and distribution opportunities for Corus' best-in-class creative content," said Colin Bohm, executive-vice-president of content and corporate strategy, Corus Entertainment.

Mr. Norton has a long creative history with Corus, most recently serving as a consultant and previously as executive producer of Trucktown for Nelvana. He also co-wrote the novel Keeping the Beat, which was one of the launch titles for KCP Loft, Kids Can Press's young adult imprint.

The deal with Dominion of Drama includes the option of several titles, including The Last Wish of Sasha and Cade, Elements at War, The Wanderer, A Switch in Time, and Action Figures.

"Audiences are hungry for bold, original content and this is an incredible time to meet that demand with Waterside Studios," said Mr. Norton. "I'm thrilled to join Corus and collaborate with Nelvana to contribute to the impressive roster of Corus titles that will delight viewers around the world."

Waterside Studios will not only collaborate with independent producers but also join forces with Nelvana, a world-leading international producer, distributor and licensor of children's animated and live-action content. Together with Nelvana, Waterside Studios will bring a slate of live-action programming into Corus's overall content offering for global audiences. Known for his work in bringing bestselling books to the screen, Mr. Norton will also focus on adapting books for kids and youth audiences. Additional details on Nelvana's live-action slate to be announced.

"Nelvana has experienced great success with our Emmy-nominated live action series The Hardy Boys, which engaged audiences around the world on Hulu, YTV and Disney+," said Pam Westman, president of Nelvana. "We are excited to build on Nelvana's 50-year legacy of producing best-in-class content for kids internationally as we further invest in producing live action content in collaboration with Jeff Norton and Waterside Studios."

This announcement underscores Corus's commitment to Canadian content as it continues to build a global content powerhouse. In April, 2022, Corus acquired a majority stake in Aircraft Pictures, a Canadian production company focused on the international market.

About Corus Entertainment Inc.

Corus Entertainment is a leading media and content company that develops and delivers high-quality brands and content across platforms for audiences around the world. Engaging audiences since 1999, the company's portfolio of multimedia offerings encompass 33 specialty television services, 39 radio stations, 15 conventional television stations and a suite of digital and streaming assets, animation software, technology and media services. Corus is an internationally-renowned content creator and distributor through Nelvana, a world-class animation studio expert in all formats and Corus Studios, a globally recognized producer of hit scripted and unscripted content. The company also owns innovative full-service social digital agency so.da, lifestyle entertainment company Kin Canada, leading 2-D animation software supplier Toon Boom and children's book publishing house Kids Can Press. Corus's roster of premium brands includes Global Television, W Network, HGTV Canada, Food Network Canada, Magnolia Network Canada, The History Channel, Showcase, Adult Swim, National Geographic, Disney Channel Canada, YTV, Global News, Globalnews.ca, Q107, Country 105 and CFOX, along with broadly distributed Canadian streaming platforms STACKTV, TELETOON+, the Global TV App and Curiouscast.

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