Le SuperClub Vidéotron Acquires Jumbo Entertainment

On July 9, 2004, following shareholder approval, Jumbo Entertainment Inc. completed its previously announced sale of substantially all of its assets to Le SuperClub Vidéotron Ltee for $6.8 million. These assets included the Jumbo Video®, Jumbo Video New Releases®, Microplay® and Starstruck® video and game rental retail systems. Le SuperClub Vidéotron, a wholly-owned subsidiary of Videotron ltée, itself a wholly-owned subsidiary of Quebecor Media Inc., is the largest chain of video stores in Québec.

Le SuperClub Vidéotron was represented by Ogilvy Renault, with a team comprised of Renaud Coulombe and Nicolas Labrecque.

Jumbo was represented by Stikeman Elliott, with a team was comprised of Simon Romano, Greg Hogan and Justine Plenkiewicz.