Bell Canada and evenko Have Acquired A Majority Stake In the Just For Laughs Festival
A move to further evenko's monopoly over festivals in the province.
There's a report Bell Canada and entertainment giant evenko are getting involved as partners in the Just For Laughs comedy festival. La Presse is saying the two companies will own 51 per cent of the venture and that the transaction will be made official by mid-June.
Canadian-born comic Howie Mandel led an investor group that acquired the festival in March after it was put up for sale following allegations of sexual assault and sexual harassment against co-founder Gilbert Rozon, who was also majority stakeholder.
The new owners also include U.S. talent agency ICM Partners, which will be able to benefit from tax credits with Canadian companies part of the setup. Evenko produces shows and also owns the Montreal International Jazz Festival, which is held just before Just For Laughs.