President and CEO Doug Murphy said the company has cut more than 250 full-time positions since the start of fiscal 2023 in a call with investors.
The Canadian division will provide local clients with original programming and branded entertainment via creative and talent partnerships.
New users will have the option of subscribing to the streamer’s ad-supported plan, or take a step up to one of its more expensive options.
The broadcaster is also seeking a reduction in Cancon spending and more “flexibility” in how it serves local communities, citing mounting financial losses.
The company is also planning a “new approach” to its national and international news coverage.
Quebecor has also commissioned a new drama from Amalga that it hopes will be a suitable follow-up to L’Échappée.
The programming slate includes new Canadian original titles for HGTV Canada, History and Treehouse.
Showcase, HGTV, Food Network, YTV and Cartoon Network are among the channels being removed June 27.
The renewal will provide actors with a pay raise while work and consultations on a simplified agreement continue.
The company is expected to be acquired by a group led by its biggest lender.
Big boosts in box office and advertising revenue came alongside a record-setting quarter for its amusement business.
The company’s acting CEO said, however, that the outlook in broadcasting remains “uncertain.”