Bell Media (BCE +1.2%) has signed a deal with Time Warner (TWX -1.1%) to become Canada's exclusive home for HBO programming "into the next decade."
The comprehensive multi-year deal covers all platforms, with Bell gaining the ability to deliver current and library programming via its linear, on-demand and over-the-top channels in English and French.
With the move, Bell Media is also expanding The Movie Network into a national pay TV service and becoming the sole operator of HBO Canada via a C$211M payment to Corus Entertainment (OTCPK:CJREF -2.5%), which is exiting pay TV to focus on its core media brands.
HBO content will be delivered by one company across Canada for the first time. French-language HBO programs will continue to be distributed via Bell's Super Écran pay service.
BCE and HBO also set a development deal to make premium, Canada-made content for a global stage.
Canadian customers previously changed to the Family Channel to see Disney content, but with the rights transfer, that channel is changing lineups entirely. DHX Media (OTC:DMQHF, OTC:DMXHF) says it will rebrand stations to extend the Family brand across its channel suite.
Corus Entertainment (CJREF): FQ1 EPS of C$0.65 beats by C$0.03.
Revenue of C$226M (+7.7% Y/Y)
Management comment: We have again benefited from our disciplined focus on cost controls, delivering excellent margins this quarter in the face of slow economic growth and tough year-over-year comparables in our merchandising business.