: Alliance Atlantis Up for Sale - Now Sold
This has been rumoured for a while
Alliance Atlantis owns 13 specialty television channels. The company also co-produces and distributes the hit CSI franchise and indirectly holds a 51 per cent limited partnership interest in Motion Picture Distribution LP, a leading distributor of motion pictures in Canada.
CBC Story (http://www.cbc.ca/money/story/2006/12/20/allianceatlantis.html)
Globe and Mail Story (http://www.theglobeandmail.com/servlet/story/RTGAM.20061220.walliance1220/BNStory/Business/home)
2006-12-20, 05:00 PM
Maybe Bitove should buy it as a programming source for his proposed OTA HDTV Network...
2006-12-20, 05:34 PM
I'll have to rummage through the couch tonight and see if I can find enough spare change to finance the purchase.
2007-01-02, 05:28 PM
Apparently Alliance Atlantis is worth about $2-billion and the bidding war is likely to involve Corus, CanWest Global Communications Inc., Astral Media Inc. and Rogers Communications Inc. Me, I'm a know-nothing about the intricacies of the business world. But I'd put my money on Corus. They've been saving and preparing for this for ages. Look, it's just something I heard.
from John Doyle, Globe and Mail, January 1, 2007
2007-01-04, 05:00 PM
I just stumbled upon this thread by chance.
Interestingly I was just talking to an upper level Alliance Atlantis business-side employee about this very subject last night. He guessed, that Corus will come out on top, as cgyclaytonmagnet's suggests. From the business side of it, there is unlikely to be another company of this design for sale in the industry (I presume he meant Canada) for a very long time, and apparently there are a lot of potential synergies with Corus' existing holdings, thus they want it more.
2007-01-04, 05:23 PM
If Corus were successful would that not create potential problems for Shaw Cable and/or Starchoice with regards to the ratio of owned/related speciality channels to non-owned services?
2007-01-04, 08:19 PM
Corus may be owned by the Shaw family, but I believe they are managed at arms length from Shaw Cable and Star Choice. If this comes to pass, this could be a very exciting development.
2007-01-05, 03:11 PM
Today Goldman Sachs and CanWest teamed up to make an offer as reported in the Globe and Mail. According to the report, CSI Franchise is valued at $0.8 billion; the 13 digital channels at $1.5 billion.
It surprises me Rogers has been so quiet about this. They have a media division with 40+ radio stations; 4 or 5 broadcast channels (the OMNI family); and a couple of specialty channels (Biography, G4Tech). Being interested in adding 13 existing specialty channels sounds like a no brainer; these opportunities only come up once a generation.
If acquisition is the road to growth, I'd be interested in the fact that the Cogeco folks have three cable systems: Ontario, Quebec and Portugal. A split sale of Ontario to Rogers, Quebec to Videotron would leave Portugal as a retirement sideline for the current owners. :cool:
Of course, the CRTC has to weigh in on each purchase.
The only negative for CanWest is they have made a lot of business blunders in recent years and have gone from TV market leader (in ratings) to left-in-the-dust. I think CTV has 18 of the 20 top-rated shows; Global used to have more than everyone.
With Goldman Sachs involved it all becomes OPM anyway (Other People's Money), not CanWest's. So, who knows? Industry quarterly financials begin to flow next week so it could be other announcements won't be long to follow.
2007-01-10, 09:13 PM
The deal is done............
Next you will see Corus sold to Astral.
At this rate by 2010, every TV/radio station and newspaper will be owned by 1 company.
2007-01-11, 01:28 PM
I think the big thing with this news is Canwest will likely turn what is relativley good specialty channels into crap.
Look for repeats of Taste of Life, Whats For Dinning on Food Network
Look for mainstream programs (Which is available on Global and CH) such as That 70s Show, Malcolm in the Middle to show up on Showcase
Look for shows like Diva on a Dime to show up on Fine Living and Life Network.
Look for Showcase Action and Showcase Diva to become even more Watered down with endless second runs of programs currently on CH and Global
Look for IFC to start showing more mainstream movies from the 70s, 80s and 90s and will likely grab them from the Libraries of Canwests current channels plus more sharing from Showcase Action/Diva
Look for Canwest Global to NOT launch the HD services for Food, HGTV, Life Network etc. Look for reduced amount of HD on Showcase and National Geographic.
2007-01-12, 12:58 PM
If CanWest Global's bid for Alliance Atlantis goes through, Global will become partners with The Score because Alliance owns 22 per cent of the channel.
2007-01-12, 02:20 PM
Hi, I am a new member! This is interesting. The thing that disappoints me is that Canwest lacks in HD, and I doubt these channels will progress into HD anytime soon.
Canwest's channels aren't all bad: I really enjoy TVtropolis, but now TVtropolis which is supposed to be "oldie" shows is airing, Survivor, Deal or No Deal, etc..
I would have preferred Corus or Rogers... sigh.
I love that Chum is being bought by CTVglobemedia (the Chum channels can't get any worse), but hate that fact that Alliance Atlantis is being consumed by CanCrap. Global is nothing but Fox with crappy cancon, CH is even worse, and the speciality channels! OMG! They only speciality they follow is feeding crap to the viewer!!
Showcase, Food Network etc are quality networks, but canwest will turn them to Cancrap!
Hopefully this falls apart.
2007-01-12, 04:31 PM
4 times "crap" or derivative used.
Do you really love it that much?
I really enjoy the AAC networks and am very concerned about what CanWest will do to them. I find that CanWest produces very poor quality cancon that repeats untill the tape breaks. They have made little effort to transition to HD. Their speciality channels are of such low quality it continues to suprise me. I don't want AAC to become this.
2007-01-12, 09:45 PM
Well basically.. Canwests's specialty channels are recycles of shows they used to have rights to.
CH/Global programs are recycled throughout the Canwest specialty channels.
TVtropolis (which I actually enjoy) recycles LOTS of Global/CH programming:
Deal or No Deal
Beverly Hills 90210
Married with Children
The Wonder Life
hmm... I think Canwest owns the rights to all of those programs! I just hope they don't recycle their shows in these new acquired channels.
2007-01-14, 02:12 AM
Don't forget to file a letter of intervention with the CRTC. Maybe they will get the message if enough Canadians protest.
We can only hope so. We really need to get the point across that Canwest seems to not care about producing quality programs where AAC really does.