Corus buys majority stake in Aircraft Pictures

TORONTO – Corus Entertainment Inc. says it has purchased a majority stake in television and film production company Aircraft Pictures Ltd.

The Toronto-based company did not reveal the value of the deal, but says the partnership will help both brands produce more quality kids and family-focused entertainment.

Corus says the investment will expand Aircraft Pictures’ ability to develop, finance and produce premium content, with a focus on international co-productions.

Aircraft Pictures is behind the Academy Award-nominated animated feature film “The Breadwinner,” live-action series “Holly Hobbie” and a trilogy of movies based on Gordon Korman’s “Bruno & Boots” books.

Aircraft Pictures is Toronto-based, but has an office in Los Angeles.

Corus has long been involved in children’s entertainment through its studio Nelvana, publisher Kids Can Press and Corus Studios.

This report by The Canadian Press was first published Feb. 1, 2021.

Companies in this story: (TSX:CJR.B)