TORONTO, Sept. 9, 2022 /CNW/ – Corus Leisure Inc. (TSX: CJR.B) (“Corus” or the “Firm”) immediately shared its investor convention schedule for September 2022.
Doug Murphy, President and Chief Government Officer, Corus Leisure will take part within the 23rd Annual BMO Media & Telecom Convention in Toronto, Ontario on September 13, 2022 at 11:45 a.m. ET and within the 21st Annual CIBC Jap Institutional Investor Convention in Montreal, Quebec on September 21, 2022 at 10:35 a.m. ET.
Additional info is on the market on the Occasions and Shows web page within the Investor Relations part of the Corus web site at www.corusent.com.
Threat Elements and Outlook Updates
Corus can also be offering the next updates in respect of its danger components and outlook in mild of the latest developments referring to macroeconomic and different components mentioned under. Please check with the sections “Dangers and Uncertainties” and “Seasonal Fluctuations” within the Firm’s Administration’s Dialogue and Evaluation for the 12 months ended August 31, 2021; the part below the heading “Threat Elements” within the Annual Info Type for the 12 months ended August 31, 2021; and the sections “Dangers and Uncertainties” and “Seasonal Fluctuations” within the Report back to Shareholders for the three and 9 months ended Might 31, 2022 (collectively, “prior MD&As”) for an entire dialogue of danger components and uncertainties which will have an effect on the Firm.
As mentioned within the prior MD&As, the Firm’s working efficiency is affected by Canadian and worldwide financial situations and is topic to seasonal fluctuations that may considerably impression quarter to quarter working outcomes. Previously quarter, the macroeconomic atmosphere grew to become more and more unsure, characterised by heightened danger of recession, persistently excessive inflation and persevering with provide chain constraints. These components have contributed to current contractions in promoting demand and spending throughout the North American media business.
Additionally, as mentioned within the prior MD&As, disruptions attributable to the prior imposition of public well being restrictions, public sentiment in regards to the pandemic, and persevering with COVID-19 an infection charges can negatively impression the Firm’s operations and monetary efficiency. The Firm continued to be impacted by pandemic-related situations previously quarter, primarily resulting from disruptions to client behaviour patterns and provide chains affecting each product and repair promoting classes.
Within the near-term, the Firm expects the complicated macroeconomic atmosphere and ongoing pandemic-related impacts to proceed to place strain on promoting revenues. Mixed with normal promoting spending and seasonal income cycles mentioned within the prior MD&As, the Firm at present expects significant year-over-year softness in Tv promoting income. Corus believes it stays well-positioned to create worth over the long run because the Firm continues investing in its companies to advance its strategic plan and priorities.
Warning Regarding Ahead-Trying
Info
This press launch incorporates forward-looking info and needs to be learn topic to the next cautionary language: To the extent any statements made on this press launch comprise info that isn’t historic, these statements are forward-looking statements and could also be forward-looking info throughout the that means of relevant securities legal guidelines (collectively, “forward-looking info”). This forward-looking info pertains to, amongst different issues, the Firm’s targets, objectives, methods, targets, intentions, plans, estimates and outlook, together with the adoption and anticipated impression of the Firm’s strategic plan, promoting and expectations of promoting developments for fiscal 2022/2023, distribution, merchandise and subscription income, the Firm’s dividend coverage and the fee of future dividends; the Firm’s leverage goal; the Firm’s proposed share purchases, together with the variety of Class B non-voting shares to be repurchased below its regular course issuer bid, if any, and timing thereof; the Firm’s means to handle retention and repute dangers associated to its on-air expertise; expectations relating to monetary efficiency together with capital allocation technique and capital construction administration, working prices and tariffs, taxes and charges, and may usually be recognized by means of phrases corresponding to “consider”, “anticipate”, “anticipate”, “intend”, “plan”, “will”, “might” or the damaging of those phrases and different comparable expressions. As well as, any statements that check with expectations, projections or different characterizations of future occasions or circumstances could also be thought of forward-looking info. Though Corus believes that the expectations mirrored in such forward-looking info are affordable, such info entails assumptions, dangers and uncertainties and undue reliance shouldn’t be positioned on such statements. Sure materials components or assumptions are utilized with respect to the forward-looking info, together with with out limitation, components and assumptions relating to the final market situations and normal outlook for the business together with the potential impression of recent competitors and business mergers and acquisitions, rates of interest, stability of the promoting, distribution, merchandise and subscription markets, working and capital prices and tariffs, taxes and charges, the Firm’s means to supply fascinating content material and the Firm’s capital and working outcomes being in keeping with the Firm’s expectations. Precise outcomes might differ materially from these expressed or implied in such info. Essential components that might trigger precise outcomes to vary materially from these expectations embrace, amongst different issues: the Firm’s means to draw and retain promoting income; viewers acceptance of the Firm’s tv applications and cable networks; the Firm’s means to recoup manufacturing prices; the provision of tax credit and the existence of co-production treaties; the Firm’s means to compete in any of the industries wherein it does enterprise; the alternatives (or lack thereof) that could be offered to and pursued by the Firm; situations within the leisure, info and communications industries and technological developments therein; modifications in legal guidelines or laws or the interpretation or software of these legal guidelines and laws; the Firm’s means to combine and understand anticipated advantages from its acquisitions and to successfully handle it is development; the Firm’s means to efficiently defend itself towards litigation issues and complaints; failure to fulfill covenants below the Firm’s senior credit score facility, senior unsecured notes or different devices or services; epidemics, pandemics or different public well being crises, together with the present outbreak of COVID-19 and modifications in accounting requirements. Extra details about these components and in regards to the materials assumptions underlying any forward-looking info could also be discovered below the heading “Dangers and Uncertainties” within the Firm’s Administration’s Dialogue and Evaluation for the 12 months ended August 31, 2021, below the heading “Threat Elements” within the Firm’s Annual Info Type for the 12 months ended August 31, 2021 and below the heading “Dangers and Uncertainties” within the Report back to Shareholders for the three and 9 months ended Might 31, 2022. Corus cautions that the foregoing listing of essential assumptions and components which will have an effect on future outcomes shouldn’t be exhaustive. When counting on the Firm’s forward-looking info to make choices with respect to Corus, traders and others ought to fastidiously think about the foregoing components and different uncertainties and potential occasions. Until in any other case specified, all forward-looking info on this doc speaks as of the date of this doc. Until in any other case required by relevant securities legal guidelines, Corus disclaims any intention or obligation to publicly replace or revise any forward-looking info whether or not because of new info, occasions or circumstances that come up after the date thereof or in any other case.
About Corus Leisure
Corus Leisure Inc. (TSX: CJR.B) is a number one media and content material firm that develops and delivers prime quality manufacturers and content material throughout platforms for audiences all over the world. Partaking audiences since 1999, the corporate’s portfolio of multimedia choices embody 33 specialty tv companies, 39 radio stations, 15 standard tv stations, a collection of digital and streaming property, animation software program, expertise and media companies. Corus is an internationally-renowned content material creator and distributor by Nelvana, a world class animation studio skilled in all codecs and Corus Studios, a globally acknowledged producer of hit scripted and unscripted content material. The corporate additionally owns modern full-service social digital company so.da, life-style leisure firm Kin Canada, main 2D animation software program provider Toon Growth and kids’s e book publishing home, Youngsters Can Press. Corus’ roster of premium manufacturers contains International Tv, W Community, HGTV Canada, Meals Community Canada, Magnolia Community Canada, The HISTORY® Channel, Showcase, Grownup Swim, Nationwide Geographic, Disney Channel Canada, YTV, International Information, Globalnews.ca, Q107, Nation 105, and CFOX, together with broadly distributed Canadian streaming platforms STACKTV, TELETOON+, the International TV App and Curiouscast. For extra info go to www.corusent.com.
SOURCE Corus Leisure Inc.
For additional info: Investor inquiries: Heidi Kucher, Director, Investor Relations, Corus Leisure Inc., [email protected]; Media inquiries: Melissa Eckersley, Director, Company Communications, Corus Leisure Inc., [email protected]
