Just For Laughs sole to Howie Mandel and American company
After weeks of rumours, Just for Laughs has strictly been sold.
The iconic Montreal-based association announced Wednesday it has been acquired by comedian Howie Mandel and ICM Partners, a Los Angeles-based talent and literary agency.
The Just For Laughs offices and festival will sojourn in Montreal, ICM pronounced in a statement.
“They gave their word that they intend to keep operations in Montreal,” pronounced Pierre-Marc Johnson, a boss of Just For Laugh’s house of directors.
The association did not exhibit a cost of sale.
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The sale comes after Gilbert Rozon, a owner and former boss of Just For Laughs, stepped down in Oct following accusations of passionate bungle and assault.
As a infancy shareholder, Rozon pronounced he would sell his seductiveness in a company.
He has denied a allegations and they have not been proven in court.
Just for Laughs owner Gilbert Rozon announced he would sell his infancy seductiveness in a association amid allegations done final tumble that he intimately tormented and assaulted several women. (Radio-Canada)
Quebecor did not accommodate bid of competitor
A Quebec justice dynamic final month that media hulk Quebecor has right of initial refusal in a sale of Just For Laughs, formed on a 2012 partnership understanding with a comedy festival.
However, Quebecor announced final week it did not practice that right.
A understanding between a dual firms gave a Montreal-based media firm 12 days to make an offer equal to that of any intensity aspirant in a sale of Just For Laughs.
In total, 7 groups had voiced seductiveness in shopping a Just For Laughs Group.
Article source: http://www.cbc.ca/news/canada/montreal/just-for-laughs-sale-icm-partners-howie-mandel-2018-1.4585651?cmp=rss