Allarco restructing plan gets approval

[CDN Viewer]

Allarco Entertainment, owners of Super Channel, received approval from creditors on their restructuuring plan. They will be in court Sept. 3 to recieve the courts' approval for the plan. If approved, they should emerge from bankruptcy protection by the end of September.

I wonder what this will mean for the future of the company, will they look into acquiring additional programming?!

http://www.digitaljournal.com/pr/104020

[PokerFace]

Super Channel is restructuring again. Look! Up in the sky! It's a bird! It's a plane! No, it's Super Channel taking another nosedive.

http://edmontonjournal.com/business/...-super-channel
[May 27, 2016: Super Channel freefallin']

Excerpts taken from the above link:

The Edmonton company that owns the Super Channel pay TV network owes creditors $115 million and has been granted bankruptcy protection by an Edmonton judge.

...

Company president Malcolm Knox said Friday their revenue has been hit over the last 18 months by subscribers dropping Super Channel, which provides four channels in high definition and standard definition, as well as video on demand.

While lots of people still sign up, he said the $15 to $18 monthly price charged by many of the cable and satellite firms that offer Super Channel is too high.

“Netflix established a new benchmark for pricing when they came into the marketplace for $7.99 (a month),” he said.

“We have been working with all of (the providers) to get us repriced to 10 bucks … We have found with those that have reduced us, the retention rate is higher.”

About half the companies have cut the cost for Super Channel in the last few months, although Knox wouldn’t say what proportion of their subscribers this represents or how many subscribers they have.

Although the company continues to offer all its services, it has laid off 12 of its 43 employees and is looking for ways to reduce programming costs, he said.

...

Knox said he’s optimistic Allarco will weather the current downturn.

“It’s always a challenge, but we’re looking ahead to having a strong programming lineup in the fall, working at this in the summer and coming out the other side. A lot of companies in our industry have used this process.”

[mtlguy]

Rizzoli & Isles was schedule to start June 8th and it's now gone from website along with Major Crimes. Did the lost the rights? Maybe they did not pay?

[InMontreal]

According to Super Channel's FAQ page, they lost the rights to TNT's Rizzoli and Major Crimes, Hulu's 11.22.63 and Canal+'s Versailles.

[ottawasnowdog]

Showcase has picked up Rizzoli.

[InMontreal]

Showcase has picked up Rizzoli.

Got a reference for that ?

As stated in other threads, Showcase picked up the "2nd window" broadcast for the show. According to Showcase's website, season 1-5 aiready aired, season 6 is scheduled for july, while season 7 already premiered on TNT last week.