RE:RE:BNN TOP PICKWith all due respect Rat it is hard to read a press release like todays (see below) and conclulde Corus management does know what they are doing. The Shaw family did not become billionaires by hiring monkeys. They hire competent people. I am going "all in" in anticipation of earnings call next Friday. Also will not be quick to sell. Been holding good sized positon in my LIRA under $4. I think it is very easy to see $12 on Corus in less than a year. The cash flow is just too significant to ignore. Not often you get triples in the stock market. If CRTC loosens foreign ownership would be the other trigger to sent this stock price north. We know what media is being traded for in the US.
For Immediate Release
TORONTO, Canada, October 8, 2019 – Corus Studios, a division of Corus Entertainment, makes its imprint on the international market this year with multiple worldwide sales for its original lifestyle and unscripted content ahead of MIPCOM. With landmark deals including sales to Cooking Channel in the U.S. for grilling competition series Fire Masters (20×60), and pre-broadcast sales of demolition show Salvage Kings (10×60) to A+E Networks in multiple territories, Corus Studios continues to be a leader in developing lifestyle content that resonates domestically and internationally.
Focusing on character driven content in niche industries, Corus Studios’ unscripted content has caught the attention of international buyers for multiple programs including demolition series Salvage Kings. Sold in advance of its broadcast premiere in Canada, Salvage Kings has sold to A+E Networks in the UK + Ireland, Sweden, South Africa, Poland and Romania. Truck racing docu-series Big Rig Warriors has sold to Foxtel in Australia, A+E’s FYI in the U.S. and A+E Networks in Italy. Additionally, History Erased (8×60), which examines the world without a specific country’s achievements, has sold to Foxtel in Australia and New Zealand as well as HISTORIA in Spain and Portugal.
Boasting a robust slate of home and renovation content, HGTV Canada’s highest rated series in a decade**, Island of Bryan (13×60), cements three deals internationally with initial sales for Season 1 to Foxtel in Australia, TVA’s Group Channel CASA in French Canada, and Israel’s Talit Communications. Cash-conscious renovation series $ave My Reno, Season 1 (14×30) and 2 (14×30), gets picked up by A+E’s FYI in the U.S. along with South Africa’s The Home Channel for Season 2. Additional international sales within the portfolio include Backyard Builds, Season 1 (8×30) and 2 (14×30), to M6 France; Buying the View (26×30) to UKTV; Home to Win, Season 3 (8×60) to Foxtel in Australia; and Masters of Flip to Discovery in Germany (Season 4 – 6×60), ITVBe in the UK (Season 1-4) and Brazil’s Globosat has renewed Season 1 (12×60) and 2 (14×60) and newly acquired Season 3 (10×60) and 4 (6×60).
The appetite around the world for entertaining lifestyle content continues with sales of fierce fashion series STITCHED (12×60) with Discovery in Latin America and A+E Networks Lifetime in Africa. Corus’ delectable library of food content feeds viewers cravings with the sale of grilling competition Fire Masters (20×60) to Cooking Channel in the U.S. and A+E Networks in the UK. Travelogue food series Bakers Sisters (13×30) and Big Food Bucket List (26×30) have also sold to an undisclosed buyer in the pan-Asian market.
Corus Studios’ slate of original content currently available for international distribution at MIPCOM include newly greenlit series The Big Bake, Great Chocolate Showdown, Junior Chef Showdown, Scott’s Vacation House Rules and Farmhouse Facelift. Worldwide sales are handled by Rita Carbone-Fleury for Corus Studios.
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