Labatt sell-off won’t affect Skyvision or Partners’

John Labatt Limited’s plans to sell off as much as 49% of its entertainment and sports entities will not affect its primary program producer, Skyvision Entertainment, nor its commercial production subsidiaries connected to The Partners’ Film Company.

jll announced earlier this month plans to consolidate its stakes in the Toronto Blue Jays and Toronto Argonauts with its other sports and communications holdings and structure a public offering for 49% of the assets. However, jll spokesman Lorne Stephenson says Sky-vision and Partners’ (and its subsidiaries) are not included among the entertainment companies. These two companies are part of a new entity, Filmco, which will see certain Skyvision projects produced with Partners’ resources.

Meantime, jll entertainment companies affected by the planned public offering – set to happen within one year – are The Sports Network, Reseau des sports, The Discovery Channel, Viewers’ Choice, SkyDome and Dome Productions. Stephenson says Labatt Communications (formerly JLL Broadcast Group) will maintain 51% control of these companies, which will at some point begin holding annual meetings and issuing annual reports and taking minority shareholders’ concerns and suggestions into account.