Corus Entertainment ($CJR) has suffered a significant setback following the loss of its licensing deal with Warner Bros Discovery. This development has caused a sharp decline in Corus Entertainment's market value. According to TD Cowen, the company's shares may become worthless if Rogers Communications ($RCI) successfully acquires programming and trademark deals for channels owned by Warner. This marks another blow to Corus Entertainment, which was once a major player in the Canadian media landscape.
Shares of Canada's Corus Entertainment may be worth zero if Rogers Communications is successful in snatching away programming and trademark deals for channels owned by Warner, according to TD Cowen https://t.co/9RrNRfVmcI
Shares of Canada's Corus Entertainment may be worth zero if Rogers Communications is successful in snatching away programming and trademark deals for channels owned by Warner, according to TD Cowen https://t.co/khMRzeSBMG
Shares of Canada's Corus Entertainment may be worth zero if Rogers Communications is successful in snatching away programming and trademark deals for channels owned by Warner, according to TD Cowen https://t.co/18DAkwUqSv
Shares of Canada's Corus Entertainment may be worth zero if Rogers Communications is successful in snatching away programming and trademark deals for channels owned by Warner, according to TD Cowen https://t.co/1gwgIIgnTn
Another nail in the coffin for Corus Entertainment, once a media powerhouse in Canada. https://t.co/fA8AxU4wW0
Market Movers: Corus Entertainment Crashes After Losing Warner Bros Discovery Licensing Deal $CJR $RCI #Corus #WB #licensing #media #entertainment #marketmovers https://t.co/STuuHhqJk3 via @TheDeepDive_ca