CHUM Ltd. To Rebrand MTV Canada and MTV2 - Sitcoms Online Message Boards

Jenya · 05-10-2005, 07:52 PM

CHUM Ltd. To Rebrand MTV Canada and MTV2

Tuesday, May 10, 2005

CHUM Limited today announced that MTV Networks International has decided to exercise its right to terminate its agreement with Craig Media Inc. The channels currently known as MTV Canada, a youth culture channel, and MTV2, a music video channel, will be rebranded effective June 30, 2005

Details, including the names of the channels and program titles, will be unveiled in the weeks to come.

MTV Canada and MTV2 were among the channels CHUM acquired in its purchase of Craig Media Inc. on December 1, 2004. Under the terms of its original joint venture and licensing agreements with Craig Media, MTV Networks International had the right to terminate such agreements upon a change of control in the entity that owned and operated MTV Canada and MTV2.

As a result of such termination, CHUM will be required to pay to MTV Networks the licence fees remaining under the terms of the agreement, the sum of which was included within CHUM's assessment of the value of Craig Media's assets. These fees total approximately C$10 million. In addition, MTV Networks International will no longer have the option to acquire an equity interest in the channels.

SOURCE: Channel Canada

Jenya · 05-10-2005, 07:59 PM

Also, I want to add that CHUM Ltd. also owns TV Land Canada and there are big changes coming to the programming schedules of that station as well --including that they just purchased several new classic Universial Television shows. I'll will post more info on TV Land Canada's new schedule in the coming weeks in the General Sitcoms Questions and Discussion forum.

robyrob · 05-10-2005, 08:29 PM

does CHUM own Muchmusic as well?

Jenya · 05-10-2005, 08:35 PM

Quote:

Originally Posted by robyrob

does CHUM own Muchmusic as well?

Yes they do, actually. Bunch of hogs own all of the music channels up here.

TripperFan · 05-10-2005, 08:37 PM

Quote:

Originally Posted by Jenya

Also, I want to add that CHUM Ltd. also owns TV Land Canada and there are big changes coming to the programming schedules of that station as well --including that they just purchased several new classic Universial Television shows. I'll will post more info on TV Land Canada's new schedule in the coming weeks in the General Sitcoms Questions and Discussion forum.

Oh great news!!!

And to Rob - yes they do. I've always preferred MuchMusic anyway.

Did you know that JD Roberts was one of their first VJ's? He's now the White House Correspondant for CBS News - goes by John Roberts now. He lived in my neighbourhood and I'd run into him doing grocery shopping. I had the biggest crush on him! He's a really nice down to earth guy though.

05-10-2005, 07:52 PM	#1
Jenya Supervisor Forum 3000 Club Member Join Date: Apr 20, 2003 Location: Canmore, Alberta Posts: 3,359	CHUM Ltd. To Rebrand MTV Canada and MTV2 CHUM Ltd. To Rebrand MTV Canada and MTV2 Tuesday, May 10, 2005 CHUM Limited today announced that MTV Networks International has decided to exercise its right to terminate its agreement with Craig Media Inc. The channels currently known as MTV Canada, a youth culture channel, and MTV2, a music video channel, will be rebranded effective June 30, 2005 Details, including the names of the channels and program titles, will be unveiled in the weeks to come. MTV Canada and MTV2 were among the channels CHUM acquired in its purchase of Craig Media Inc. on December 1, 2004. Under the terms of its original joint venture and licensing agreements with Craig Media, MTV Networks International had the right to terminate such agreements upon a change of control in the entity that owned and operated MTV Canada and MTV2. As a result of such termination, CHUM will be required to pay to MTV Networks the licence fees remaining under the terms of the agreement, the sum of which was included within CHUM's assessment of the value of Craig Media's assets. These fees total approximately C$10 million. In addition, MTV Networks International will no longer have the option to acquire an equity interest in the channels. SOURCE: Channel Canada

05-10-2005, 08:29 PM	#3
robyrob certified wackball#3 Moderator Forum Icon Join Date: Aug 03, 2003 Location: hiding under the third booth at Arnold's Posts: 58,200	does CHUM own Muchmusic as well?
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05-10-2005, 07:59 PM	#2
Jenya Supervisor Forum 3000 Club Member Join Date: Apr 20, 2003 Location: Canmore, Alberta Posts: 3,359	Also, I want to add that CHUM Ltd. also owns TV Land Canada and there are big changes coming to the programming schedules of that station as well --including that they just purchased several new classic Universial Television shows. I'll will post more info on TV Land Canada's new schedule in the coming weeks in the *General Sitcoms Questions and Discussion* forum.