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Kew Media Group Inc. & Kew Media International (Canada) Inc. - Status Updates

April 14, 2020

The Honourable Mr. Justice Koehnen of the Ontario Superior Court of Justice (Commercial List) has approved the sale of TCB Media Rights Ltd and the repayment of borrowings and distribution to agent.

Copies of the approval and vesting order, and repayment and distribution order can found in the Court Orders & Endorsements section.

The transaction for the sale of the TCB Shares closed April 14, 2020.

 
April 7, 2020

Motion returnable April 9, 2020, has been adjourned to April 14, 2020.

 
April 6, 2020

Receiver filed motion materials in respect of the April 9 motion, including the First Report of the Receiver. In that Report, the Receiver, amongst other things, informed the Court of that the Receiver has successfully concluded the sales of the shares of:
i. Architect Films Inc.;
ii. BGM Inc.;
iii. Big Timber Media Inc. ;
iv. Frantic Films Corporation;
v. Media Headquarters Film and Television Inc.; and
vi. Sienna Films Inc.

 
April 3, 2020

Receiver filed notice of motion for granting of (i) Approval and Vesting Order in respect of sale of shares of TCB, returnable April 9, 2020 and (ii) Repayment & Distribution Order.

 
February 28, 2020

Pursuant to the Order of the Honourable Justice Koehnen (the "Receivership Order") of the Ontario Superior Court of Justice (Commercial List) (the "Court") dated February 28, 2020 (the "Date of Receivership"), FTI Consulting Canada Inc. was appointed as receiver and manager (the "Receiver"), without security, of the assets, property, and undertakings of: i) Kew Media Group Inc. ("KMG") used in relation to its business as the parent company of a large group of subsidiaries located in Canada, the United States, the United Kingdom, Australia, and New Zealand that develops, produces, and distributes multi genre media content worldwide (all subsidiaries collectively with KMG, the "Kew Media Group"); and, ii) Kew Media International (Canada) Inc. ("KMIC") used in relation to its business that provides certain operational support to Kew Media International Limited, a wholly-owned subsidiary of KMG via wholly-owned subsidiaries Kew Media Group UK Limited and Kew Media UK Holdings Limited (collectively, with Kew Media International Limited and Kew Media Group UK Limited, the "UK Administration Entities"). The UK Administration Entities were placed into administration in the United Kingdom on February 28, 2020.

 

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