Parties
Company
COMEDIHA!
Company
Just For Laughs Group
Company
PricewaterhouseCoopers International Limited
On June 4, 2024, ComediHa! solidified its position as a major player in the humor industry by acquiring assets of Just For Laughs, aiming to strengthen its presence in Quebec, Canada, and globally. Celebrating its 25th anniversary, ComediHa! Fest marked this significant milestone with a strategic acquisition endorsed by the Superior Court of Quebec on May 29th.
The transaction encompassed assets such as Juste pour rire, Just For Laughs, ZooFest, ComedyPro, the Gags, and the audiovisual catalog. ComediHa! plans to leverage these assets to enhance its entertainment offerings, support artist growth, and become a key destination for international performers in Quebec and Canada.
Sylvain Parent-Bédard, CEO of ComediHa!, emphasized the acquisition’s potential to diversify entertainment experiences and bolster the company's strategic initiatives across festivals, live productions, television, tours, distribution, and content monetization. The company aims to foster new talent and strengthen its market presence.
ComediHa! will also accelerate the development of its broadcasting platforms, including ComediaHA.tv, on-demand video services, and FAST channels. Amuz Distribution, a ComediHa! subsidiary, will enhance its international distribution capabilities by exploiting the Just For Laughs catalog.
Key legal and financial advisors for the transaction included Norton Rose Fulbright, Demers Beaulne, Osler, Davies, and PwC.
To celebrate, ComediHa! announced "ComediHa! salue Montreal," a festival from July 18th to 28th, highlighting its ongoing commitment to bringing laughter to audiences worldwide.
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date