Just for laughs and ComediHa! entered into an agreement on Wednesday relating to the acquisition of certain assets following the Just for Laughs sale process carried out as part of its restructuring.
This agreement remains subject to approval of the transaction by the Superior Court of Quebec during a hearing scheduled for June 3, specifies ComediHa! in a press release.
“Until then, the parties will not make any comments publicly,” the statement said.
On May 8, the group ComediHa! announced that it will offer numerous activities in Montreal at the end of July, before its flagship event in Quebec.
He had already indicated that he was taking up the torch of the musical Waitress after reaching an agreement with the rights holders and Just for Laughs.
On the occasion of the 25the anniversary of ComediHa! Fest, the group will “greet Montreal” from July 18 to 28, with a budget for the event of nearly $10 million.
The program, which will include “comedy shows, galas and free outdoor performances”, will be revealed in the coming weeks.
The ComediHa festival! salute Montréal will take place at Place des Festivals, in the heart of the Quartier des spectacles, at Place des Arts, at Espace St-Denis and at the Théâtre du Vieux-Terrebonne.
The Just for Laughs Group announced in March that it had filed a notice under Canada’s Bankruptcy and Insolvency Act, leaving many artists and organizations that had entered into agreements with the company in the lurch. flagship company of the Quebec cultural sector.
A court filing earlier this year by insolvency trustee PwC says changes to YouTube and Facebook video monetization rules were among the factors that led to parent company Just For Laughs’ plummeting revenue. ‘last year.
The file shows that the Just for Laughs Group recorded a net loss of more than $7.9 million during the first 10 months of 2023.
The company announced that it would undertake a restructuring process to improve its financial health and hopes for a return of the Montreal and Toronto festivals next year.