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Quebec entertainment group ComediHa! will acquire some Just For Laughs assets

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ComediHa! announced last week that it had reached an agreement to acquire the assets but that the deal had to be approved by Quebec Superior Court.

Montreal’s premier comedy festival has cancelled all its performances this summer and has filed for bankruptcy protection. Just for Laughs is citing the effects of the pandemic and increasing costs as reasons to close the curtain on the festival. Organizers, however, are restructuring and hoping to make a comeback in 2025. Global’s Tim Sargeant reports – Mar 5, 2024

ComediHa! said Tuesday that a judge has approved its bid to acquire the brands Juste pour rire, Just For Laughs, ZooFest, ComedyPro, the Gags, as well as the audiovisual catalogue.John Tavares is fighting an $8M CRA tax bill. Ottawa tells court he must pay A court filing earlier this year from insolvency trustee PwC said Groupe Juste pour rire booked a net loss of more than $7.9 million in the first 10 months of 2023.

ComediHa! says it plans to expand its presence in a number of sectors including festivals, live production, television production, tour promotion, distribution, and content monetization. The amount of the transaction was not disclosed.Texts from ‘Randy’ raise questions about minister’s role at company while in office, Boissonnault deniesRead

Source: Entertainment Trends (entertainmenttrends.net)

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