Corus Entertainment unveils new greenlight, sales amid TV revenue boost

Corus Studios has sold more than 250 hours of content to kick off the year, adding new HGTV Canada commission Renovation Resort, starring Scott McGillivray and Bryan Baeumler, to its sales slate.

Corus Entertainment has reported a strong start to fiscal 2022 with increased ad revenues, a raft of sales at Corus Studios and a new HGTV Canada greenlight that unites two of its biggest stars.

Renovation Resort (7 x 60 minutes) will see Scott McGillivray and Bryan Baeumler co-host a competition series where four contractor teams will design and renovate waterfront cabins at a lakeside resort purchased by Baeumler.

The series is produced by McGillivray Entertainment Media and is scheduled to go into production in the summer for a spring 2023 premiere on HGTV Canada. Corus Studios holds worldwide distribution rights.

Corus Studios also expanded the episode orders for several new and renewed series for the 2022/23 broadcast year. Among the new series, four additional episodes were ordered for Gut Job (12 x 60 minutes) and two episodes for Sarah’s Mountain Escape (10 x 60 minutes). Of the returning series, two additional episodes were added for season two of Farmhouse Facelift (10 x 60 minutes), six for season three of Big Food Bucket List (20 x 30 minutes) and four for season four of Rust Valley Restorers (10 x 60 minutes).

More than 250 hours of Corus Studios content was sold to European broadcasters in Q1 2022, Corus reported on Thursday (Jan. 13), as well as French-language deals with Quebecor Content and Bell Media.

The U.K.’s Discovery channel acquired the first three seasons of Island of Bryan (31 x 60 minutes) while ITV picked up season two of The Big Bake (18 x 60 minutes) and season two of Making It Home with Kortney and Kenny (10 x 60 minutes).

Season three of Island of Bryan was also acquired by Germany’s Discovery channel alongside seasons one and two of Masters of Flip (26 x 60 minutes). Germany’s SevenOne Entertainment Group acquired Project Bakeover (10 x 60 minutes).

Poland’s Canal+ acquired seasons three and four of Backyard Builds (19 x 30 minutes) and Telewizja WP picked up seasons two and three of History Erased (10 x 60 minutes) and season two of Making It Home with Kortney and Kenny.

Rounding out European sales is France’s 6TER, which acquired all four seasons of $ave My Reno (56 x 30 minutes) and season four of Backyard Builds.

Quebecor Content has acquired French-language rights to seven Corus Studios series: Family Home Overhaul (8 x 60 minutes), Making It Home with Kortney and Dave (10 x 60 minutes), Home to Win (10 x 60 minutes) and Rock Solid Builds (10 x 60 minutes), as well as additional seasons of Fire Masters (20 x 60 minutes), Junior Chef Showdown (8 x 60 minutes) and Island of Bryan (Season 3 – 10×60). Bell Media’s French-language acquisitions include season four of $ave My Reno, (Season 4 – 14×30) and seasons one of two of Scott’s Vacation House Rules (22 x 60 minutes).

Corus Entertainment reported an 11% uptick in television revenue for Q1 2022, surpassing pre-pandemic levels, according to president Doug Murphy during a call with investors.

The company reported a 10% increase in overall revenue year-over-year, earning $463.8 million in 2022 compared to $420.3 million in the same period in 2021. Television revenue for Q1 2022 was $434.7 million compared to $392.1 million in Q1 2021. Free cash flow saw a 28% increase, coming in at $80 million compared to $62.3 million in last year’s Q1.

The increase was partially driven by a 16% increase in advertising revenue year-over-year, earning $285 million in Q1 2022 compared to $246.2 million in Q1 2021. Global earned strong ratings in fall 2021, according to Corus, claiming five of the top 10 most-watched programs in Canada last quarter. Radio revenues saw a more modest 3% increase, coming in at $29.1 million from $28.2 million in Q1 2021.

Subscriber revenue also increased by 3% year-over-year, coming in at $127.5 million from $123.7 in Q1 2021. Corus reported an additional 50,000 subscribers on its streaming platforms, including STACKTV and Nick+, up to 725,000 as of Jan. 10, compared to 675,000 on Oct. 21. The company recently inked a deal with Rogers to expand STACKTV to Rogers Ignite TV and Rogers SmartStream platforms. The service launched on Amazon Prime Video in 2019.