Corus Completes Purchase of TELETOON Canada, Historia, Séries+

TORONTO: Corus Entertainment has completed its acquisition of the specialty channels Historia and Séries+ and its takeover of the remaining 50 percent of TELETOON Canada.

Corus now officially owns 100 percent of Historia, which is dedicated to history-focused programming; Séries+, devoted to scripted comedy and drama content; and TELETOON Canada, including TELETOON, TÉLÉTOON, TELETOON Retro, TÉLÉTOON Rétro and Cartoon Network. The net cash consideration for these assets is C$481 million.

"This is an important milestone for the company as we integrate these new television services into the Corus portfolio," said John Cassaday, the president and CEO of Corus Entertainment. "We are excited about the future growth opportunities and look forward to delivering great programming to audiences across multiple platforms."