CanWest Acquires Endemol

CanWest Entertainment Inc. announced on July 27, 2000, its agreement with Endemol Entertainment to acquire substantially all the assets of its international distribution subsidiary, Endemol International Distribution. The transaction, which is valued in excess of US$100 million, includes the acquisition of Endemol’s library that contains distribution rights to approximately 600 hours of television programming. Endemol’s assets and operations will be absorbed by Fireworks International, the international television distribution arm of CanWest Entertainment based in London.

Representing CanWest Entertainment as Canadian counsel on the deal were Stuart (Kip) Cobbett and Howard Rosenoff of Stikeman Elliott’s Montreal office as well as Philip Henderson and Jean Farley of Stikeman Elliott’s London office.