Quote:
Originally Posted by snootchiebootchies
I can't see Corus going to zero. The CRTC will not allow it. They won't let a Canadian content creator like Corus go bankrupt while Netflix flourishes in Canada. There will be consolidation in the industry before that ever happens (or putting a tax on Netflix subscribers to help subsidize Canadian content creators like what they're doing in Quebec). So then the question goes back to Corus' intrinsic worth.
But I still think there is no reason to jump into this name right away.
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Given the government and Netflix already have a deal that sees the latter spending a half billion dollars on CanCon, I don't think you're going to find much joy in hoping that same government funds Corus in order to stave off Netflix.
More to the point, given how closely intertwined Corus and Shaw still are, if Corus goes under, Shaw will just snap up what few properties matter (i.e.: Global), so there isn't any great cultural need to prevent Corus' demise - if the company can't turn around.