Big news just dropped!

TMN Nationwide - From BCE

BCE Inc. today announced that Bell Media will expand The Movie Network (TMN) into a national pay TV service and become the sole operator of HBO Canada, as Corus Entertainment winds down operations of its Movie Central and Encore Avenue pay TV services in Western and Northern Canada to focus on its core national media brands.

"Bell Media now has the national scale required to create, negotiate and deliver more premium TV programming to Canadian consumers, across more platforms and more quickly than ever before," said Mary Ann Turcke, President of Bell Media. "Our extensive new content agreement with HBO also announced today, for both traditional TV and next-generation platforms like CraveTV and with significant original co-production opportunities, is a great example of the benefits for Canadian viewers nationwide."

Corus is waiving its HBO content rights in Canada to allow Bell Media to become the sole operator of HBO Canada nationally across all platforms. TMN, formerly available only in Eastern Canada, will launch as a national pay TV platform in the first quarter of 2016, increasing its customer base to a total of approximately 2 million subscribers across the country. Bell and Corus are working together to support a seamless transition of Movie Central and Encore Avenue subscribers to TMN.

BCE will pay Corus a consideration of $211 million, $195 million net of tax benefits, to support the national expansion of TMN and HBO Canada, equivalent to a valuation multiple of approximately 5.6x fiscal 2015 EBITDA of Movie Central and Encore Avenue after operational synergies are applied.

Today, Bell Media also unveiled an unprecedented new partnership with HBO that offers Bell Media the flexibility to exclusively deliver all current and past HBO programming on its linear, on-demand and over-the-top (OTT) video streaming platforms like CraveTV in English and French across Canada. Bell Media announced earlier this year that CraveTV will be offered to all Canadians with an Internet subscription in January 2016.
cted to result from the above-mentioned proposed arrangement will be fully realized.

HBO

Bell Media, Canada’s leading broadcaster, and HBO, the world’s most successful pay TV service, announced today an unprecedented agreement in which Bell Media will become the exclusive Canadian home of all HBO programming on all subscription platforms into the next decade.

Under the comprehensive, long-term agreement, the first of its kind for HBO in Canada, Bell Media will have the ability to deliver current-season, past-season, and library HBO programming exclusively on its linear, on-demand, and over-the-top (OTT) platforms in English and French. The agreement also marks the first time HBO has granted exclusive subscription video on demand (SVOD) rights for first-run programming throughout Canada. As a result, Bell Media will have the flexibility to provide current HBO content such as GAME OF THRONES, GIRLS, and VEEP over-the-top in Canada on its platforms. Financial terms of the deal were not disclosed.

BCE announced today that Bell Media will expand The Movie Network into a national pay TV service and become the sole operator of HBO Canada. As a result, all HBO content will be delivered nationwide by one company for the first time ever in Canada. French-language HBO programming will continue to be seen on Bell Media’s Super Écran pay service.

Bell Media and HBO also announced today a new original production development program, with the goal of co-producing premium, made-in-Canada content for the world stage.

“Bell Media and HBO enjoy a partnership of shared respect and admiration,” said Charles Schreger, President, Programming Sales, HBO. “Together, we secured a deal that will allow both our businesses to continue to grow and evolve.”

“We are delighted to have the opportunity to bring all HBO programming to Canadians on whatever platform they choose,” said Mary Ann Turcke, President, Bell Media. “With this agreement, HBO’s incredible premium content will power subscriptions to Bell Media brands for many years to come.”

“This is an extensive deal that could only exist with a trusted partner like Bell Media,” said Glenn Whitehead, Executive Vice President, Business & Legal Affairs, HBO. “The Canadian audience will have access to HBO programming in more ways than ever before.”

“We are privileged to strengthen our relationship with one of the world’s great television brands,” said Tracey Pearce, Senior Vice-President, Specialty and Pay, Bell Media. “HBO has been our extraordinary partner for many years, and we look forward to taking that partnership to a whole new level.”

Bell Media and HBO will further bolster their new partnership with a landmark programming and production arrangement. The two companies will co-develop original, Canadian drama, comedy, and factual productions for their platforms and for distribution around the world. Several projects have already been selected for development from production companies Inverted Pictures/Artists Studio, Rhombus Media, and Force Four Entertainment. Additionally, new HBO Comedy specials featuring established and emerging Canadian comedians will also be considered.

“The level of talent in Canada is extraordinary and we are excited about the opportunity to tap into this creative community,” said Michael Lombardo, President of Programming, HBO. “In Bell Media, we have a great partner with a history of strong relationships and together I believe we will be positioned to further elevate our programming.”

“Our enhanced partnership with HBO will open doors for Canadian creators to one of the world’s most-respected innovators in the development of original content,” said Randy Lennox, President, Entertainment Production and Broadcasting, Bell Media. “We can’t wait to get to work on developing the next great TV series for Canada and the world.”

Earlier this year, Bell Media announced its premium TV streaming service CraveTV would become available to all Canadians with an Internet subscription in January, 2016. In September, 2014, Bell Media announced it had exclusively acquired the national multi-platform rights for the entire off-air library of HBO’s iconic programming catalogue, which is now featured on CraveTV.